Buy Church Building
“Does Griffin Capital only do refinances or can we also apply for a loan to buy a church building through you?” We receive this common question on our social media pages. The answer is yes. We make loans to buy church buildings and all other types of church loans including renovations and construction.
We are not restricted to a specific market, so our programs are probably available to your church.
Churches are growing in every state. They need to buy church buildings to accommodate their expanding congregations. So, we are here and ready to help. Griffin Capital Funding works with churches nationwide. We are not restricted to a specific market, so our programs are probably available to your church. This includes loans to buy church buildings with fixed interest rates for up to 30 years.
Buy Church Building & Griffin Capital
We just closed a loan to buy a church building in Trenton, NJ. After 14 years in their home, the church had sold their current sanctuary. They found two properties to purchase in its place. One would be their new sanctuary and the other would become their offices. This is where we came in. We closed their loan to buy these church buildings with a 10 year fixed rate.
We do urge all growing churches to evaluate their needs now. Will you need a new building in the next few years? Interest rates are climbing, and they are also predicted to be raised three times in 2018. What does this mean for the plans to buy a church building? You need to start planning now, which includes your financing. The longer you wait, the more it could cost your congregation in the end. Having to pay more in interest will either lessen your purchase price level. Or, simply cost you more money in payments for the term of your mortgage.
If you are thinking about buying a church building, then give us a call at 800-710-6762. Thus, we can help you evaluate your financing needs to prepare for your purchase.