Private Money

Griffin Capital Funding Offers Private Money Loans for Churches

Although most of the churches we work with have excellent credit and qualify for low-interest rates and great loan terms, there are times when churches fall into financial trouble. When a church falls into financial trouble it can be extremely difficult for them to work their way out, traditional lenders will not make loans to them and private money lenders do not accept church properties as collateral. In such cases, we created a fund specifically designed to solve this problem. We also raise money through private investors that are looking to earn above market returns on well collateralized real estate loans. Furthermore, if your church finds itself in a position where it is in trouble, we want to help.

Private Money Issue | Benefits of Borrowing from Us:

  • Bankruptcies and foreclosures are accepted
  • No minimum credit score
  • No application fees
  • Interest only options
  • No large upfront fees
  • Speed – Closings in as little as 2 weeks
  • Short term and long term loans
  • No personal guarantees are generally needed on church loans

Our Loan Terms:

  • Maximum loan to value of 60%
  • 1 to 10 year loans
  • Interest only payments available and loans with no payments during the term (with proper exit strategy)
  • Interest rates vary depending on risk
  • Points vary depending on risk
  • No personal guarantees are generally needed on church loans

Acceptable Property Types:

We provide funding (private money) for a variety of property types, including:

  • Churches
  • Multi-Family properties
  • Office Buildings
  • Retail
  • Warehouses
  • Industrial Buildings
  • Medical Offices
  • Renovation Loans

* Most noteworthy, we do not offer loans on raw land, construction loans or personal residences. To get started all you need to do is complete our application (Click here to apply online)

How the Process of Works:

Within one business day, we will analyze your initial application as well as any documents you provide us. If we can help, a conditional written commitment will be prepared for you. One of our loan officers will then contact you regarding the status of your application and also in the next steps. There is no fee for this.

After receiving the conditional agreement from us, consequently you will need to sign and return the contract to officially accept the terms. We will then schedule a site visit to meet with you at the property. At this point, a formal appraisal and/or inspection report will be ordered as well as any other due diligence, if required (items such as title work). Once all conditions are cleared, we will set a closing date and close your loan.