Church Finance

[waynelong]

I am looking for someone experienced in handling the financing of a church. Either another Realtor or Commercial finance broker. We have a church that is priced at $165,000 and is easily worth that. The sellers don't owe much and are willing to carry back maybe 25% of that. How hard is it to get the other 75% financed and what is the best method?

[Ryan Ward]

Wayne,

Do you have a preffered lender or someone you work with frequently? I will ask a guy here in Atlanta tomorrow and get back with you.

[kiwishep]

Hi Wayne
Send me an email to office@uscomfin.com and I will send you the worksheet and application checklist. The lender details are on the forms and they are the most prolific lender for churches and schools, personally I only do churches from $500,000 upwards. You can always say a prayer for me though as compensation.

Graham

[waynelong]

I have 3 preferred lenders we use consistently but none do church finance.

[kiwishep]

Hi Wayne, the people I sent you to have a minimum of $800,000 but they have sent me this info for your use.....


If your needs are still less, you may want to call Church Loans and Investments, a company that we partner with. They are located in Amarillo, Texas and specialize in loans of the size you are looking for. Their toll-free number is 800-692-1111.

Hope this helps you.
Graham USCOMFIN

[waynelong]

Thanks. Wayne

[Ryan Ward]

Wayne,

I completely forgot. I will get on it tomorrow morning. Sorry about that.

[waynelong]

Thanks Ryan.

[Ryan Ward]

PM'd you.

[BarryC]

Hi Wayne,

I'm relatively new to the forum, but am part owner of a mortgage company in AZ. If you would like I can do some research for you to see who specializes in those types of loans. We only do residential loans in other states, but I might be able to point you in the right direction.

Actually, I went in real quick and did a search in a mortgage broker forum I belong to. I've never spoken to any of these people so I can't give a personal referal, but hopefully this helps.



1. Jeffsilver@Kennedyfunding.com P:1-201-708-9928
2. www.churchloans.com
3. kcox@equityfundingpartners.com
4. 912-631-6313 Sabrina

http://www.churchloans.com/
http://www.ourfirstchurch.org/overview.htm
http://www.religiousloans.com/index.jsp
http://www.church-loans.net/
http://www.zieglerloan.com/display/router.aspx?docid=1

It seems like there are no active links on this board in threads, but I don't know how to make them not active, so let me know if I need to change this post. Thanks