Deal Summary:

Griffin Church Loans provided Cross Church with a $150,000 property improvement loan to replace HVAC units and install a new roof. The loan was secured by the church’s $3.306 million campus, resulting in a conservative 4% LTV.

FAQ:

Q1. What type of loan did Cross Church in Indianapolis, IN 46227 receive?

A1. Cross Church in Indianapolis, IN 46227 secured a Property Improvement (HVAC & Roof) loan through Griffin Church Loans. The transaction was structured at approximately 4% loan‑to‑value (LTV), aligning the financing with the church’s needs and long‑term ministry goals.

Q2. What types of property improvements can a church loan cover?

A2. Typical eligible items include roofs, HVAC systems, parking lots, accessibility upgrades, interior build‑outs, and safety/security projects. We tailor each loan so churches can address mission‑critical improvements without draining reserves.

Q3. How long does it take to close a church refinancing or purchase loan?

A3. Most church loans close in 30–60 days once we receive complete documentation. Fewer moving parts—like straightforward refinances—can go faster; complex construction or multi‑parcel deals may take longer.

Q4. Can smaller congregations qualify for six‑figure church loans?

A4. Yes. We underwrite based on overall financial health, property value, attendance trends, and leadership stability—not just size. Many smaller churches have qualified for $100k–$1M+ loans with sustainable payments.