We do not take undue risk, we make collateralized loans, but we are willing to listen to a church when others will turn them down.
Fredericksburg, VA (PRWEB) May 18, 2017
Griffin Capital Funding continues its mission to help financially troubled churches save their property from foreclosure through its private money fund. The fund raises money from Qualified Investors and then loans those funds to troubled churches, utilizing the real estate as collateral for the loan.
In South Carolina, Griffin Capital rescued a church whose bookkeeper had failed to pay payroll taxes to the IRS for more than eight years. The church leadership was unaware of this deficiency until the IRS took action against them. The church owed the IRS $500,000 and, as a result, the IRS had seized one of their properties. The IRS was also threating to take their sanctuary. The church was desperate to find a way to pay their debt to the IRS, redeem the property that had been taken, and stop the seizure of their sanctuary.
The church had sought a loan from traditional lenders but quickly found that the lenders were not interested in helping a church that had issues paying their payroll taxes. Eventually, the church found Griffin Capital Funding, and we were able to save the church through our private money loan program. The church was saved and investors are receiving a healthy return on their investment.
Another church in Bladensburg, MD came to Griffin with serious delinquencies on their mortgage and faced foreclosure. Griffin negotiated a discounted payoff with the lender and gave the church a mortgage of $780,000 to refinance their loan and get back on their feet. The church’s mortgage balance is lower and they are now making all payments on time.
Although, Griffin Capital Funding (http://www.church-loan.com) is well known for providing loans to churches that do not have any issues or problems what sets them apart is their willingness to make loans to churches that other lenders will not help. “We evaluate each church loan to determine what we can offer; those churches that have excellent credit are given the best rates and terms while those churches facing problems pay a higher rate. We want to help every church that we can and sometimes that means providing loans that others will not. We do not take undue risk, we make collateralized loans, but we are willing to listen to a church when others will turn them down. If we feel that a situation can be turned around and we feel secure in the collateral for the loan then we are going to move forward and close the deal.” Stated John Berardino, President of Griffin Capital Funding.
If you are an investor interested in learning more about the investments offered through Griffin Church Loan Fund 1 you are encouraged to visit http://www.church-loan.com for more information or by calling (800) 710-6762.
These securities are being offered under an exemption provided by SEC Regulation D Rule 506(c). Only verified accredited investors who meet the SEC Regulation D 501 "accredited investor" accreditation standards may invest into this Offering.
Any historical performance data represents past performance. Past performance does not guarantee future results; Current performance may be different than the performance data presented; The Company is not required by law to follow any standard methodology when calculating and representing performance data; The performance of the Company may not be directly comparable to the performance of other private or registered funds or companies; The securities are being offered in reliance on an exemption from the registration requirements, and therefore are not required to comply with certain specific disclosure requirements; The Securities and Exchange Commission has not passed upon the merits of or approved the securities, the terms of the offering, or the accuracy of the materials.
About Griffin Church Loan Fund1: Griffin Church Loan Fund 1 is managed by Griffin Capital Funding, one of the most well-known and respected church financing companies in the country. Griffin Capital Funding has been serving churches for 16 years by providing church loans for the refinance, construction, renovation and purchase of almost any church building (church-loan.com). On average, Griffin provides about $100,000,000 a year in loans to churches. Griffin Church Loan Fund 1 is a private money loan fund that focuses on financially troubled churches.