Deal Summary:

Griffin Church Loans refinanced $440,000 for Iglesia Internacional Puerta Del Cielo to replace their maturing note and stabilize payments. The loan was backed by a $1 million property, resulting in a 44% LTV.

FAQ:

Q1. What type of loan did Iglesia Internacional Puerta Del Cielo in Mesquite, TX 75181 receive?

A1. Iglesia Internacional Puerta Del Cielo in Mesquite, TX 75181 secured a Refinance loan through Griffin Church Loans. The transaction was structured at approximately 44% loan‑to‑value (LTV), aligning the financing with the church’s needs and long‑term ministry goals.

Q2. What factors determine a church loan’s interest rate?

A2. 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.

Q3. What LTV do you typically lend up to on church property?

A3. 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.

Q4. Do church loans require personal guarantees?

A4. 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.