Hey

This might be a long shot but I wanted to see if any lenders can make this happen before going the construction loan route via church financing. They are looking for $800k for renovations to sanctuary & cafeteria. Estimated Monthly Revenue is $29,693.75. The church started in 1999. Church Value is $1,473,000 and they have a recent appraisal. Balance on the mortgage is $12k, so they have over $1M in equity in the building. Wondering if we can use the church as collateral. Is there any lender who would be interested in this?