Church Financing | San Francisco Bay Area Churches
CHURCH FINANCING IN 50 STATES FROM
$100,000 to $5,000,000
75% LOAN TO VALUE – 75% LTV, 20 YEAR TERMS
NO PERSONAL GUARENTEES
NO PRE PAYMENT PENALTIES.
PLEASE COMPLETE THE LOAN QUALIFICATION APPLICATION FOR A LOAN QUOTE FOR A PURCHASE OR REFINANCE OF A CHURCH
Real Estate Secured financing for church purchases, financing, new constructuion, remodeling, new building additions, property improvements, sanctuary and school new furnishings, etc. Church Day Care and Church after school additions welcome.
Church building may be Traditional with or without steeples. No steeples, church store fronts, combination fellowship combination day care, and after school buildings are welcome.
Three Fiscal years and year to date of current years financial data indicating revenue and expense breakdowns, assets and liabilities etc for underwriting and confirm adequate ” Cash Flow ” for debt service. Financial documents have to be in
GAAP format from an independent CPA as a requirement for qualificaiton.
1) The amount to be finance cannot exceed three and one half (3.5) times the Churches last full fiscal year Gross “Plate Income” OR 75% of the Apprasied Value, whichever is the lesser of the two.
“Plate Income” consist fo the total of tithes, offerings, building fund and general donations etc.
2) A Minimum Last Fiscal Year ” Plate Income” of $75,000 and at least 75 weekly attendees are required to qualify for the minimum financing amount of $100,000, and in addition financing will not exceed 75% of the current Appraised Value of the completed Churh. ( Including any planned remodeling, construction, additons etc.) For purchases financing will not exceed 75% of the purchase price.
3) Net Income ( last fiscal year) from an affliated now operating day care center, kindergarten, chruch school, church senior centers etc. can be included along with the last fiscaal year ” Gross Plate Income” to qualify.