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  1. #1
    Member Reputation points: 12
    Join Date
    Oct 2015
    Location
    Hartford, CT
    Posts
    25

    Overview of projects needing financing:

    Catacumbas 5 - Church in Anasco PR.
    Current Appraised value $5.3 Million CBRE
    Needing 4.0 million or 75% LTV
    Financials show $1.2 million budget
    Presently paying 25,000.00 in rent until purchase completed
    Willing to take a 5 year loan with ability to refinance with no pre penalty
    Church has invested over $500,000.00 in capital improvements
    Excellent credit rating

    PHA for profit school – Orlando, Florida
    Current appraised value $1.5 million thorough Chase bank
    School in need of $900,000.00 loan to pay off bank
    Willing to take a 5 year bridge loan
    Yearly financials $1.7 million income
    Excellent credit rating

    Church of God of Prophecy NE District
    They have 2 projects totaling 1.5 million
    $400,000.00 in NJ and 1.1 remodel in Long Island
    Strong financials and over 12 million in assets
    The district office will guarantee the loan
    Willing to receive a 3 million dollar line of credit to loan internally to their churches
    Excellent credit rating

    Lighthouse International Church – Port St. Lucie, Florida
    Seeking $1.8 million dollar loan
    $580,000.00 for refi balance and $1.3 million new construction
    As-Is value 1.5 million subject to value after new construction $3.2 million
    Yearly Financials $425,000 annually
    Excellent credit rating




    EMAIL ME IF YOU CAN DO THIS DEAL: INFO@PBIGFUNDING.COM

  2. #2
    Senior Member Reputation points: 68233
    Join Date
    Dec 2014
    Location
    Quogue, NY
    Posts
    1,108

    As you know Houses of Worship can be challenging.. We work with 3 separate Groups that like them.. 1 will do stated to $1M, the others need full doc.. Must be US props..

    Richard 516 510 3855

    www.businesscapitalconsultants.com

  3. #3
    Member Reputation points: 10
    Join Date
    Dec 2014
    Location
    Miami, FL
    Posts
    13

    I can help you with the school request, if still available.

    jmontero@powercapitaldirect.com

  4. #4
    Churches can be tricky, but schools are definitely doable. If you want to see what we can get on the table for them, shoot me an email and we'll talk!
    Michael Jagiello
    Director of Client Acquisitions
    Blue Granite Funding LLC
    mjagiello@bluegranitefunding.com
    1(718)873-6407 Cell
    1(917)791-8911 Fax

  5. #5
    Senior Member Reputation points: 43599 brokerCompany's Avatar
    Join Date
    Aug 2015
    Location
    CALIFORNIA
    Posts
    927

    http://www.churchloans.net/

    Griffin has funded some for us before

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