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Serving America since 2001
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E-Mail:
Info@MortgageMade4You.com®
Commercial; Most States. Residential;
Licensed by the Maine banking department, ME CSO-5742.
(c) Copyright
MortgageMade4You.com.
All Rights
Reserved 2001
Disclaimer: Properties shown on our site are not per definition financed
through MortgageMade4You.com®
207-809-2277 |
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Long
term financing for Christian
Churches, Temples, Worship Centers, etc
No Personal guarantees – No Pre-Pay Penalties
$150,000 to 5 million – up top 75% Loan to Value, Fixed rate –
20 year term
MortgageMade4You.com,
a commercial and residential brokerage, arranges all types of religion related
real estate financing. We can help in financing requirements for a church
building purchase, refinancing expansion, an addition, remodeling, a church
camp, a classroom, a new school, a retreat etc.
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Construction
loans for church projects
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Church day care
center financing
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Financing for
church schools
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Church
equipment & furnishings
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Church
financing in all 50 States
The
amount to be financed cannot exceed three and a half (3.5) the Churches'
2005 fiscal years gross "Plate Income or 75% of the appraised value, which
ever is lower of the two.
Plate
income consists of the total of tithes, offerings, building fund and general
donations etc. Note: Church's 2005 expenses which exceed fiscal 2005 plate
income (negative cash flow) may not be eligible
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A
minimum 2005 "plate income" of $75,000 and at least 75 attendees
are required to qualify for the minimum amount of $ 150,000 and in addition
financing will not exceed 75% of the current appraised value of the
completed church, including any planned remodeling, construction additions
etc.
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Net
Income (last fiscal year) from an affiliated now operation day care canter, kinder garden,
church school, church senior centers etc. can be included along with the
last fiscal years gross plate income to qualify
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The
lender requires three year of tax returns and a current year to date profit
and loss in generally accepted accounting principles (GAAP) format, prepared
by an independed CPA, prior to issuing a proposal
Call
for more information: 207-809-2277
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