CHURCH FINANCING & CONSTRUCTION
By Administrator | November 12, 2007
CHURCH FINANCING & CONSTRUCTION
THIS PROGRAM IS DESIGNED FOR…
º Churches unable to obtain conventional financing, but can afford a monthly payment
º Churches wanting to build a larger building than they can qualify for through conventional lenders
º Churches unable to put down 20-50% cash as required by conventional lenders
Our program has more lenient underwriting criteria because we
provide both the construction and financing, so the project size is based on the churches ability to service the payment.
BENEFITS:
º Generous underwriting criteria
º Complete turn-key building
º Allows a larger building
º Less stress for leadership
º Land can also be included
REQUIREMENTS:
º Own land or locate affordable land
º Minimum Annual Church Income of $100,000
º Cash flow available to service a lease payment
º 10% down (Cash or land)
REWARDS:
The day the church moves into the new facility, you will have equity
in the land and the building. This should easily permit the church to
purchase the building from us through conventional financing well within the 3 year lease period.
If your interested in finding out more details contact Robert at
(336)616-0851
Topics: Church Financing | No Comments »
Private Mortgage Insurance or PMI
By Administrator | December 22, 2006
Private Mortgage Insurance (PMI) is finally tax deductible thanks to a new law just passed by Congress. Home buyers required to pay MI and who qualify will now be able to deduct their PMI premiums for homes that are purchased in 2007.
Topics: Loans | No Comments »
Commercial Finance Owner Occupied Up to 90% LTV
By Administrator | December 6, 2006
Here is a great program for those commercial 
properties you intend on occupying.
Commercial Finance Owner Occupied Up to 90% LTV
Full Doc - Loans up to $5 Million
Up to 90% financing
600 minimum average FICO score
30-year fully amortized (no balloon)
Only 25% occupancy required
Stated - Loans up to $2 Million (at 60% LTV)
Up to 90% financing
700 minimum average FICO for 90% financing
30 - year fully amortized (no balloon)
Only 25% occupancy required
No tax returns, financial statements or tax verifications
Properties We Fund In This Program:
- Office
- Warehouse/Industrial
- Office Condo
- Retail
- Strip Mall’s (up to 15 tenants)
- Mixed Use
- Auto Dealerships
- Auto Repair
- Convenience Stores(no gas)
- Dry Cleaners/Laundromats
- Triple Net Lease (Dollar Generals, etc.)
- Ground Up Construction
- Day Cares
- Schools
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Topics: Loans | No Comments »