Results 1 to 7 of 7
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09-16-2020, 02:40 PM #1
- Join Date
- Dec 2015
- Location
- Los Angeles, CA
- Posts
- 121
Real-estate deal for a church - $500k for 501c501c
Not your typical account, but I thought I'd see if anyone on here could help with some recommendations.
The pastor of the church is actually a good friend of mine and he reached out to me this morning to ask if I'd be able to help finance a property for the church between $400,000 - $500,000. I wasted no time letting him know that it's not something we do, but that I'd be more than happy to see what I could find out.
The church is part of the AG Network (Assemblies Of God) and is an organization that has planted, started, and secured assets for numerous churches across the country that focuses on helping addicted and oppressed people get off the streets and into recovery programs that are offered through the church. They are looking to secure a location for a new(ish) church in New Jersey.
I recommended a few banks for him to check out but I'd like to see what other options may be available or if someone specializes in these types of transactions.
Last year the Church did $250,000 and has already surpassed that this year.Last edited by getitfunded; 09-16-2020 at 07:42 PM. Reason: Didn't finish whole post.
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09-16-2020, 04:16 PM #2
- Join Date
- Sep 2020
- Location
- New York, NY
- Posts
- 10
Pm'd you
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10-03-2020, 05:21 PM #3
well, I can speak first hand about this - you don't want to be the lender foreclosing on a church If you want to continue doing business in that community...
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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10-03-2020, 08:54 PM #4
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,941
Dave Lambert, Business Development
dave@fcbankcard.com
Merchant Services Consultant
High Risk Merchant Payment Solutions
SBA 7(a) Loans & Short-Term Funding
T/VM: 727-291-7890
Office: 727-233-1111
Skype: fc-financial
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10-04-2020, 11:16 AM #5
- Join Date
- Dec 2015
- Location
- Los Angeles, CA
- Posts
- 121
Jstarr, I’m not sure what the post was supposed to mean... did you foreclose on a church and get a bad rep?
If so, the church should understand that they neglected to pay their loan and not hold you responsible.
If they blame you and don’t take responsibility and forgive you and the lender for their bad decisions then that wouldn’t be very Christianly of them.
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10-04-2020, 11:19 AM #6
- Join Date
- Dec 2015
- Location
- Los Angeles, CA
- Posts
- 121
Yankee, it’s in the post.
New Jersey.
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10-04-2020, 11:32 AM #7
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,941
Dave Lambert, Business Development
dave@fcbankcard.com
Merchant Services Consultant
High Risk Merchant Payment Solutions
SBA 7(a) Loans & Short-Term Funding
T/VM: 727-291-7890
Office: 727-233-1111
Skype: fc-financial
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