“If your church has been thinking about refinancing a loan, purchasing a property or constructing something, now is the time to start. With the economy doing as well as it is, there is no doubt that interest rates will continue to increase.
FREDERICKSBURG, Va. (PRWEB) May 04, 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. This includes loan programs for construction projects, refinances, renovations, and purchases. Griffin Capital Funding also has a program for churches in financial trouble or that have bad credit. Their main initiative this year is to warn churches of the interest rate hikes that will occur in 2018.
In 2017, the Federal Reserve raised interest rates 3 times. It was originally forecasted that in 2018, the interest rate would climb 3 more times. Now, there is talk of a fourth rate hike for 2018. This means that rates will climb higher and more often. What does this mean for churches that need financing? The sooner you start the process, the more money you will save long term. “If your church has been thinking about refinancing a loan, purchasing a property or constructing something, now is the time to start. With the economy doing as well as it is, there is no doubt that interest rates will continue to increase. The higher the interest rate of the loan, the more interest you pay," stated John Berardino, President of Griffin Capital Funding.”
Griffin Capital Funding offers loan programs tailored to meet the needs of the church. With a nationwide reach and ability to provide loans to a church from as little as $75k to as large as $55mm, Griffin can help with almost any size church loan. They have loan programs that include 5, 10, 15,20, 25 and 30-year fixed rates. Most church lenders only offer 5-year fixed loans, so most churches will need to refinance while interest rates climb. If your church would like to review long term fixed options or just get a competitive quote Griffin Capital Funding is the company to contact. The simple act of starting the process now can save your church thousands.
If you are ready to refinance or need help understanding your current loan terms, give us a call at 800-710-6762. We do not have any upfront costs. We can analyze your church’s financial statements and give you an answer in one business day.
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.