"We closed the deal, the day before the church was set to lose the property.”
FREDERICKSBURG, Va. (PRWEB) June 26, 2018
Griffin Capital Funding is well known for providing loans to churches with good credit, but they also make loans to churches facing foreclosure and bankruptcy. About nine years ago, Griffin Capital Funding saw a need to provide loans to financially troubled churches and developed a product to help. The loan product helps churches that do not qualify for a traditional loan. This includes churches with bad credit and churches facing hardships such as bankruptcy and foreclosure. Since we launched the new product nine years ago, we have been able to save many churches.
Griffin Capital Funding’s newest private money loan was to a church in Jacksonville, FL. The President of Griffin, John Berardino, was contacted on his cell phone by Dr. Jerry Young, President of the National Baptist Convention, USA, Inc., who was trying to save a church from foreclosure. Mr. Berardino got to work immediately, because he knew that time was not on the church’s side. “Their lender was moving aggressively to take the property and we had a very short time frame to save the church. Dr. Jerry Young is an incredible man and when he called me to ask for my help, I knew I had to make it happen. We closed the deal, the day before the church was set to lose the property.”
The church has been blessed with a second chance to rebuild itself. The new loan gives them a fresh start and the ability to get back on their feet. After going through the stressful process of fighting off foreclosure, the Pastor is excited to get back to the business of helping people and building his church.
The Griffin Capital Funding private money loan programs offer an alternative to churches who are faced with losing their property. If your church falls into this category or your church is looking for a low priced regular loan with long-term fixed rates, please call 800-710-6762 or visit church-loan.com.
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.