Deal Summary:

Griffin Church Loans provided $93,750 to Covenant Reformed Baptist Church to purchase a 10,000+ sq ft church facility. The transaction was financed at 75% LTV.

FAQ:

Q1. What type of loan did Covenant Reformed Baptist Church in Tullahoma, TN 37388 receive?

A1. Covenant Reformed Baptist Church in Tullahoma, TN 37388 secured a Purchase loan through Griffin Church Loans. The transaction was structured at approximately 75% loan‑to‑value (LTV), aligning the financing with the church’s needs and long‑term ministry goals.

Q2. What LTV do you typically lend up to on church property?

A2. Conventional church financing often ranges up to 70%–80% LTV depending on deal type and strength. Lower LTVs can produce better pricing and faster approvals.

Q3. Do church loans require personal guarantees?

A3. It depends on the deal profile. Many loans are church‑only, while others may include limited guarantees to strengthen the package. We discuss options up front so there are no surprises.

Q4. Are there prepayment penalties or balloons?

A4. Loan structures vary. We offer fixed‑rate terms with amortizations that match the church’s plans; some loans include balloons or step‑downs. We’ll align terms with your priorities—rate, flexibility, or speed.