More on the troubles facing Malloy, Finch, Pryor and Vallas ally Kenneth Moales Jr
On December 12, 2007, Kenneth Moales, Jr. and his Tabernacle Church of Love, Inc. borrowed $6,123,000 from Foundation Capital Resources, Inc. a Georgia company that loans money for the construction of fundamentalist churches.
As collateral for the loan, Moales and his church pledged 15 separate properties owned by the Prayer Tabernacle Church of Love, Inc.
On December 19, 2008, Moales and his church borrowed another $1,175,000 from the same lender. The same properties were used to secure the 2nd mortgage.
Four years later, in March 2012, the loan between Prayer Tabernacle of Love, Inc. and Foundation Capital Resources was modified to require Moales to pay the lender $10,000 per week for the first three Sundays of each month and $15,000 for the fourth Sunday of