Deal Summary:

Griffin Church Loans refinanced $600,000 for Centro De Alabanza to pay off two hard‑money loans taken at purchase. The loan was secured by an estimated $900,000 property (67% LTV).

FAQ:

Q1. What type of loan did Centro De Alabanza in Baytown, TX 77521 receive?

A1. Centro De Alabanza in Baytown, TX 77521 secured a Refinance (Hard Money Payoff) loan through Griffin Church Loans. The transaction was structured at approximately 67% loan‑to‑value (LTV), aligning the financing with the church’s needs and long‑term ministry goals.

Q2. Can smaller congregations qualify for six‑figure church loans?

A2. 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.

Q3. What factors determine a church loan’s interest rate?

A3. Rates are influenced by market conditions, loan term and amortization, collateral value, debt‑service coverage, and overall financial trends. We quote competitively and design structures that fit each ministry.

Q4. What LTV do you typically lend up to on church property?

A4. 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.