Results 1 to 5 of 5
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10-31-2019, 02:25 PM #1
Church Financing: Purchase of property it rents on
Please email us any contact for direct lender for Churches. We have a church property purchase that it has been renting. They also want to rehab it. Let me know if you can manage both rehab and purchase in the same loan. If not, the purchase will be fine for now. Please email me at mah@cfobydesign.com.
Thank you,
Miguel
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10-31-2019, 02:36 PM #2
- Join Date
- Feb 2017
- Posts
- 3,426
Not worth going direct. The classic lenders we have access to aren't accessible. From what I understand, the lenders are mainly insurance companies.
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11-04-2019, 04:51 PM #3
wont happen, there isn't anyone that wants to foreclose on a church - trust me, we've been there...you can do a quick google and there is one company that does it based on re value and tithing estimate.
good luck.Jerry Starr
Insource Funding
433 Plaza Real,
Boca Raton, Fl 33432
P: 800-805-3391 Fx: 561-270-6895
insourcefunding.net
WHAT WOULD YOU DO " IF " YOU HAD THE CAPITAL
◆ 50% LTV - No Fico Required
◆ 90% CLTV on Purchases
◆ Investment Residential / Commercial Properties
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11-05-2019, 11:38 AM #4
- Join Date
- Jul 2014
- Location
- Jackson Hole Wy
- Posts
- 727
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11-05-2019, 11:52 AM #5
- Join Date
- Feb 2017
- Posts
- 3,426
FYI - churchloans.net are brokers, but they have access to the life insurance funds etc that will do these deals. They will send out a term sheet with two sets of fees, yours and theirs.
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