Churches of all sizes are equally important to Griffin Capital Funding, and we have the expertise and resources to make their loans happen.
FREDERICKSBURG, Va. (PRWEB) February 15, 2018
Griffin Capital Funding has been a nationwide leader in church financing for more than 18 years providing over $1 Billion in loans to churches across the country. They have church loan programs designed to help churches of all sizes. They offer church loans for construction projects, refinances, renovations, and purchases. Griffin Capital Funding also has a program for churches in financial trouble or that have bad credit. This month they closed their biggest church loan to date.
For the past few months, Griffin Capital Funding has been warning churches about the rising interest rate. On December 14, 2017, the government raised interest rates for the third time within the year. Predictions indicate that in 2018, interest rates will be increased 3 more times.
These warnings drew the attention of a church in Washington. The church called Griffin Capital to refinance their $35,000,000 loan. Their goal was to lower their interest rate and establish a long-term relationship with their lender.
Mike Brewer, Vice President of Griffin Capital Funding, collaborated with the church to secure their financing. The 38-year-old church has 3 locations and over 11,000 members. Their current loan that held a 6% interest rate was due to balloon. “The lender led the church to believe that they would renew their loan but denied the loan renewal a few weeks before the balloon date. This left us with time constraints to contend with.” stated Mike Brewer.
Griffin Capital Funding’ s goal is to help every church that we can to save money. The perception here would be that it should be easy for such a large church to secure a loan or that they should not need a loan. However, every church has a budget and it is just as challenging for a large church to find financing as a smaller church. Lenders are not always interested in making church loans and especially larger amounts. That is why so many churches cannot find financing on their own. Churches of all sizes are equally important to Griffin Capital Funding, and we have the expertise and resources to make their loans happen. This includes loans with fixed rates for up to 30 years.
Mike Brewer closed their loan with a 4.85% interest rate over 25 years. This reduced the churches mortgage payment by over $1 million dollars per year. If your church needs to refinance their loan, call Griffin Capital funding, 800-710-6762, to see how we can help your church save money too.
About Griffin Capital Funding (http://www.church-loan.com ):
Griffin Capital Funding has been serving churches for 18 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 Capital Funding is one of the most well-known and respected church financing companies in the country. Griffin Capital Funding also offers loans to funeral homes and for profit businesses through the SBA 7A and 504 loan programs.