Deal Summary:

Griffin Church Loans structured a $558,000 loan for the Church of Pentecost USA (Columbus East District) to refinance their current note and purchase the adjacent property for expansion and parking. The loan was secured by $1.103 million in collateral (50% LTV).

FAQ:

Q1. What type of loan did Church of Pentecost USA – Columbus East District in Columbus, OH 43232 receive?

A1. Church of Pentecost USA – Columbus East District in Columbus, OH 43232 secured a Refinance & Purchase (Adjacent Property) loan through Griffin Church Loans. The transaction was structured at approximately 50% loan‑to‑value (LTV), aligning the financing with the church’s needs and long‑term ministry goals.

Q2. What documents are needed to start a church loan?

A2. A recent financial package (P&L, balance sheet), attendance/giving trends, property details, and leadership information are typical. We provide a simple checklist and handle the process end‑to‑end.

Q3. What types of property improvements can a church loan cover?

A3. 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.

Q4. How long does it take to close a church refinancing or purchase loan?

A4. Most church loans close in 30–90 days once we receive complete documentation. Fewer moving parts—like straightforward refinances—can go faster; complex construction or multi‑parcel deals may take longer.