Church Refinance/ Church Mortgage
We are 6 months into 2019 and there have been no rate changes by the Federal Reserve. In anticipation of their July meeting and rumors of a rate reduction, we are seeing a very slight drop in interest rates. Whether or not an interest rate cut comes to fruition, now is a good time to start the church refinances or church mortgage process.
Griffin Capital Funding has been very busy helping churches meet their financial goals so far this year. We want every church to accomplish their goals while rates are in this downward trend.
Closing Stories of Griffin Capital Funding
Here are some of our latest closings from across the country:
Jacksonville, FL: This fast-growing church came to us to purchase a new home. This church purchase was especially important to the church because they were opening their second location. They had new members that were driving from Orlando to Jacksonville for the weekly services. They knew a second location would accommodate their growing congregation as well as attract more new members.
Katy, TX: Another church was trying to accommodate their growing congregation by refinancing their church mortgage. They also wanted to pull out some equity to renovate their building. While growth is a good “problem” to have, it added the stress of finding a solution that would please their members. We happily provided their church refinancing solution.
Norfolk, VA: This church came to Griffin Capital to refinance their ballooning church mortgage. The church was under a time constraint by their current lender. We needed to get their new loan closed quickly so that the church could avoid an interest rate hike. They also wanted some cash out for deferred maintenance in their sanctuary. We got everything that the church needed taken care of.
Griffin Capital | The Ultimate Church Loans Experts
Over the past 20 years, Griffin Capital Funding has closed over $1.5 Billion in church mortgages. We offer a variety of church loan programs, so we have options for churches of all sizes. For churches with excellent credit and who meet the qualifications, we can provide 30-year fixed rate loans with no balloons. If 30-year fixed loans are too long for your church, we also offer 10, 15, 20- and 25-year long term fixed rate church loans.
If your church or you know of a church that wants to lower their interest rates and is interested in learning more church mortgages to refinance, purchase, renovate and construct buildings, then please call 800-710-6762 to speak to a loan officer.