Griffin Capital to Help Your Church Achieve Its Financial Goals
Can you believe that almost 2 months of 2021 are already behind us? So far this year most of our loan requests and closings have been for refinances and purchases. We attribute this to low-interest rates and the recovery process for churches due to COVID.
That said, now is the perfect time to seek your church refinance, purchase, and renovation loan.
- Interest rates are low, but they have been on the rise recently, and may continue to increase through the rest of this year. If your church needs a loan, then you want to get started to obtain the lowest rate possible.
- During the pandemic, many churches let their deferred maintenance take a backseat. Now that churches are reopening, it is time to take care of these items before they become a bigger problem.
- This is the perfect time for debt consolidation. If your church has fallen behind on financial obligations, or you have loans that are at a high-interest rate then you may be able to refinance to consolidate your debts.
- Many churches are evaluating their current home and whether it is post-COVID friendly. Some are deciding to either add on or purchase new sanctuary. This will allow them to accommodate a need for more services and a growing congregation.
Here are some examples of our latest closings:
Church Purchase in Florida: This church wanted to buy a building that would accommodate their growing congregation and allow for more services. We closed their loan with a 10-year fixed rate of 3.25%.
Church Refinance in Maryland: This church wanted to take advantage of low-interest rates and secure a longer-term. We closed their loan with a 3.28% interest rate fixed for 15 years amortized over 15 years.
Church Refinance in Florida: This church wanted to pay off its privately held loan and take out some cash to modify their altar and upgrade their sanctuary. We closed their loan with a 7-year fixed rate of 4.5%.
Why seek Griffin Capital to help your church achieve its financial goals?
We work hand in hand with our church clients to provide the most competitive loan terms to save them money.
We work with churches with good or bad credit. We are closing many loans for churches with 7,10, 15, and 20-year fixed interest rates. With over 20 years of specializing in church financing and access to the national market, we are church loan experts.
If your church or another church you know needs to seek a church loan and is interested in learning more about our loan programs, then please call 800-710-6762 to speak to a loan officer.