Church Construction Loans - Griffin Capital Funding

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CHURCH CONSTRUCTION LOANS
Griffin Capital Funding
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About
Griffin Capital Funding

• Founded in 1999 to provide church loan products
  to religious institutions across the United
  States of America. Griffin Capital Funding has
  grown to become one of the largest and most
  creative church financing companies in the
  country. With over 1.5 Billion in closed church
  loans, we have helped churches with loans as
  small as 50,000 up to our largest loan for one
  church of 35,000,000. To know more, you can
  check out our website!!

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Church
Construction Loans
Griffin Capital Funding offers church
construction loans that are looking to build
almost any type of building Sanctuary, Family
Life Center, Gymnasium just to name a few.
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Types of Church Construction Loans
We Offer
We offer 4 types of construction loans for
churches Financing for Churches that already
own property and want to build a new building or
an addition. For Churches that want to buy land
and build a new building. Financing for Churches
that want to buy a property that already has a
building on it and build an addition to that
property. For Churches in the middle of a
construction project and have run out of money
and the project has stalled.
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Benefits of Loans
Most of our church construction loan programs
have the following benefits Finance up to 100
of the project cost as long as the total project
cost does not exceed 80 of the as-completed
value of the property. This is good for churches
that do not have or do not want to use their
cash but already own land that they want to build
on. No Personal Guarantees are usually needed on
our church loans. No audited financial
statements are usually needed. Interest-only
payments during construction. The loan turns
into a permanent loan on completion of the
construction. So, there is only one loan
closing, saving the church money. Low-interest
rate and great church loan terms.
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What is the maximum amount of money a church can
afford to borrow?
Construction Completion of a Church in
Progress Each year, we have the great fortune of
working with thousands of churches and some of
those are in difficult situations one of the
most difficult situations is a stalled
construction project. Whether the church ran out
of money, has cost over runs or their lender is
refusing to honor the draw requests, we can
likely help. Over the years we have provided
financing to help finish churches that are
unable to complete their construction project
because of a lack of funding.
Underwriters take many factors into consideration
when determining the maximum borrowing capacity
of a church. A good rough estimate of the
general range a church can borrow is to take the
last 12 months of gross general tithes and
offerings income and multiply that number by 3
times and by 5 times and that will generally
give you the low end of what the church can
borrow and the high end of what the Church can
borrow. As an example, if a church has a gross
income of 500,000 per year they can probably
borrow between 1,500,000 and 2,500,000
If your church is looking for a construction
loan, we want to help, our advice is free whether
we provide the financing for your project or not.
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Contact
Griffin Capital Funding
Us
1135 Heatherstone Dr. Suite 102 Fredericksburg,
VA 22401 Phone [phone] Email
info_at_churchloans.net