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Church Purchase – Raleigh, NC | Grace Church Mission International
Grace Church purchase loans

Funded $123,000 purchase of a 2,653 sq. ft. facility to serve as meeting place and offices.

Church Name: Grace Church Mission International
Date: 2025-05-26
Location: Raleigh, NC, 27616
Loan Type: Church Purchase
LTV: (75%)
Loan Expert: Song Quichocho
Deal Summary:

Griffin Church Loans provided Grace Church Mission International with a $123,000 purchase loan at 7.5% interest, 5-year term, 20-year amortization. The property sits on 2.63 acres and secures permanent stability for the congregation.

FAQ:

Q1. Are small church loans available?
A1. Yes. Many lenders offer smaller loans under $500,000 for modest facilities or parsonages.

Q2. What amortization terms are common?
A2. Typically 15 to 25 years, creating affordable payments.

Q3. How do churches qualify?
A3. Consistent giving, cash reserves, and pastor tenure are key factors.

Q4. Can churches prepay loans early?
A4. Many allow prepayment with little or no penalty, saving interest.