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mdmanley
80 Posts |
 Posted - 05/27/2008 : 2:51:58 PM
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I have a church that has been established since 1990 seeking a loan for new construction. They are planning on building a youth center, rec hall, and few other facliities. Loan amount close to $6M. They currently have AA business credit and are willing to give personal gurantors if necessary.
Thanks,
MDM |
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nancy.mortgage
122 Posts |
Posted - 05/27/2008 : 3:00:54 PM
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| We do churches. Please let me know additional details on my email. |
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mdmanley
80 Posts |
Posted - 05/27/2008 : 3:07:48 PM
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| Please email me a questioneer if you have one of the details you would like to know about to mdmanley@royalcapitalgrp.com. I do know that they have their plans and have already gotten all their plans approved by the city. |
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wolsen3129
66 Posts |
Posted - 05/27/2008 : 3:49:37 PM
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Email me the info about the church. Do they have a breakdown on the construction costs, etc.?
How financially stable is the church? I'll need to see an I&E report.
It most likely is doable, but I would need to see everything on them before I can say yes or no. |
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sfedgar7
75 Posts |
Posted - 05/27/2008 : 4:43:01 PM
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quote:
Originally posted by mdmanley
I have a church that has been established since 1990 seeking a loan for new construction. They are planning on building a youth center, rec hall, and few other facliities. Loan amount close to $6M. They currently have AA business credit and are willing to give personal gurantors if necessary.
Thanks,
MDM
I would be interested in assisting you with this loan. Contact me! |
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joseph@ajtm
61 Posts |
Posted - 05/28/2008 : 07:14:46 AM
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We have church programs for something like this. We would need present financials and projections.
LTV’s 90% Rates as low as 5.9% paying 1 pt.We provide financing nationwide for all types of commercial property. Business loans with or without real estate. Prime rates and Hard Money available, New Construction. All property types considered. Stated programs available. Email me a summary or contact me at the number below.
Joseph Tomasi
New Business Dev. Officer
A.J.T.M. Financial Group, LLC.
877-229-8880 ext.02
561-431-6433 Fax
joseph@ajtmfinancial.com
www.ajtmfinancial.com
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EMScommercial
5141 Posts |
Posted - 05/28/2008 : 08:17:13 AM
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Churches are a hybrid type of commercial loan.... there are over four dozen lending sources in our database that will do them.....
Things to think about:
Are they 'regular' Church buildings?
What are their tithings (income)?
Where is the Church?
Size of congregation?
Do they have official affiliation with any group?
Please let us know if we can help you with your commercial scenario(s) - I'm sure that if there is any financing options for your clients out there, we can find it in our vast internal database of commercial lending sources of which we are direct brokers for (currently stands at 350+ entries as of today (lenders, banks, private money, hedge funds, pension funds, insurance companies, etc.)).
Eclipse Mortgage Services is the proverbial 'head of the snake'... the end of that broker chain.... next step - the lending source.....
** We issue a mutual NCND to protect both sides!! **
Remember... We only get paid when the thing funds!
Hyperlink to our page for submissions - very straight forward and simple - http://www.EclipseMortgageServices.com/body_contactme.php - we will receive your submission and an account managers will be assigned. Within one business day you will be contacted - starting the process!
Check out our BASIC RATE/TERM sheet to get an idea if your scenario is 'in the ball park' and then contact us to start the ball rolling to get specific numbers for your loan! http://www.EclipseMortgageServices.com/aaaaaEMS_ratesheet.pdf
Have a nice day! |
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