Church Purchase Mortgage
Whatever a church’s individual reason is to purchase a building, there is one common thread. Churches are growing and strengthening. Griffin Capital Funding is ready to help churches of all sizes secure their financing with low-interest rates and great terms.
Church Purchase Mortgages | Griffin’s Successes
Last week we closed three very different church purchase mortgages across the United States. Every church purchase solidifies the growing church nation within our country and illustrates that belief if God is strong during these turbulent times.
In Linden, NJ a church bought a beautiful older sanctuary that had been sitting vacant and had been deteriorating from its lack of use. The renovations needed to restore the church were significant enough to have the building appraisal value the building “as is” with a separate value for “as complete”. The church purchase mortgage also gave them enough money to complete the renovations to the building. They will be moving in as soon as the renovations are completed.
Meanwhile, in Fort Worth, TX, a church had the opportunity to purchase the sanctuary that they were renting. The 11-year-old church was eager to make the jump from renting to ownership.Ownership always strengthens a church’s financial future, and we were able to provide a 4.49% interest rate fixed for 5 years to this growing church.
In Hialeah, FL, we helped a larger church make a big change. The building that the church-owned had an offer to purchase from their city. The offer seemed to be fate, as the growing congregation was ready for a bigger home. The church decided that it was time to move toward the future and found a larger size building in an area with the potential to bring in new members. We closed their church purchase mortgage with a 5% interest rate fixed for 5 years and amortized over 20 years.
We can help you…
Whatever a church’s individual reason is to purchase a building, there is one common thread. Churches are growing and strengthening. Many are buying their first home after renting for years, while others are repurposing older buildings. Griffin Capital Funding is ready to help churches of all sizes finance their vision. We can help with every type of church purchase mortgage with low rates and great terms. Give us a call to find out how we can help your church!