Two properties across the street from the Masjid have become available on the market. It is a perfect extra space that we desperately need for the following activities:
- Additional prayer space
- Youth activities
- Community event
- Additional Parking.
We have spoken to the owner and he has agreed to sell it to us with no interest up to 5 years. This means that we will have to pay off the property within 5 years in order to not incur any interest. Here are the details of the property:
- Final Price is $1.2 Million
- We need to pay $600,000 down payment ASAP.
- Masjid has already raised $588,000.
- We need $12,000 more for down payment ASAP to get the property.
- Current owner is giving us interest-free 5 years to pay off the rest of $600,000.
- We must pay $120,000 each year.
- We are in need of this down payment to sign the contract.
Pictures of the two properties are below: