Loader

SRVIC Property Acquisition update

SRVIC Property Acquisition update

Assalaamu Alaykum Wa Rahmat’Allah Wa Barakaatuh, On behalf of the Board of Directors and Trustees, SRVIC would like to share the great news that, Alhamdulillah, our offer for the new property has been accepted! The purchase price of the property is close to $1.3 million of which we’ve raised $350K via donations and $700K via Qarzi Hasana loans.  We’re still $200K short of the amount needed for the all-cash offer and humbly request members of our community to step forward with Qarzi Hasana loans ($10K minimum). We expect the inspections to be done within the next week and escrow to close by October 31, Insha’Allah.  The current owners will remain as tenants until Dec 2020, as part of the purchase agreement, so please respect their privacy as they're running an ongoing business. We raised close to $1 million in Qarzi Hasana from our community, by the Grace of Allah. We plan to do a fundraiser on January 25, 2020 so we can start paying back the loans asap. If you'd like to donate  to the Masjid expansion fund, please do so at: https://www.srvic.org/membership-and-donations/donate/ With the help of Allah and the generosity of our  community, we’ll reach our target with ease, Insha’Allah. Sincerely, Imad Abboushi SRVIC President