Church Commercial Loan
Fall is here and so is the perfect time to take care of your church commercial loan needs for refinances, construction, purchases, and renovations. While we have been busy with the fun days of summer, interest rates have dropped. This makes it a great time to review your church commercial loan needs and start the process for any needed loans.
As an added incentive, 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 commercial loans and access to the national market, we are church loan experts.
Church Commercial Loans and Griffin Capital
Our church commercial loan options include loan programs for churches of all sizes with competitive interest rates. 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.
Loan Closing Stories of Griffin Capital
In North Carolina, we just closed a $280,000 church purchase loan. The younger church was ready to stop paying rent and own their first sanctuary. They decided that ownership was the best way to solidify themselves in their community. Ownership roots will make a bigger impact in people’s lives. We were able to provide church commercial loan with a 7-year fixed-rate at 4.75% amortized over 20 years.
Meanwhile, over on the west coast, we closed a $5.5 million dollar loan for a church construction project. This growing congregation was ready for a new sanctuary that could cater to larger services and gatherings. We provided a 10-year fixed-rate amortized over 25 years. Now they can build their home without any worries of church commercial loan refinancing hanging over their heads.
We also provided a 10-year fixed-rate loan, amortized over 20 years with a loan amount of $1.6 million for a church refinance in Pennsylvania. This church wanted to refinance for a lower rate, extend their term, and pull out some equity for renovations. We helped them check off all of the items on their list, so now they can concentrate on their church updates.
If your church or another church you know needs a church commercial loan and is interested in learning more about our loan programs, then please call 800-710-6762 to speak to a loan officer.