Griffin Capital Funding Provides Mortgages To Churches When Other Lenders Decline Them

Griffin Capital Funding has spent the past twenty years providing loans to churches with a special emphasis on helping churches that have been declined by other lenders. No Church likes to hear the word NO when they are applying for a loan. Unfortunately, NO is the word that churches hear regularly when applying for financing. With over $1.5 Billion in closed loans to churches, Griffin Capital Funding is your biggest defense against that ugly word.


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There are many reasons that churches face declines for their financing requests. Here are just a few: 


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Current Lender is no longer interested in making church loans: 
Many churches simply go to the lender that has helped them in the past or that they have a banking relationship with. The church leaders may even think that it is the safe bet, only to be told NO. Just because this lender has made loans to churches in the past, does not mean that they still do today. Meanwhile, you have lost time waiting for their answer.


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Church’s Loan was sold to another lender who will not renew the loan: 
It happens more often than you think. A church takes out a mortgage with a lender. Then, that lender gets into trouble and ends up being sold to another company that does not want church loans on their books. The church makes the loan payments on time but when the loan comes due the lender refuses to renew the loan. 

The lender does not understand church finances: 
Many lenders just don’t understand church finances and their intricacies. The church then receives a no based on basic commercial loan criteria rather than the merit of the church.


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Church credit took a blow for one reason or another: 
Lenders do not understand church finances and the potential seasonality of their income. Most lenders are looking for churches with perfect credit, if there are any blemishes at all, then you will receive a decline.

To the contrary, Griffin Capital Funding has been helping churches for over 20 years. They have closed over $1.5 billion in church loans. They understand church finances and offer a variety of church loan programs, including programs for churches with good and bad credit. For churches with excellent credit and who meet the qualifications, they can provide 30-year fixed rate loans with no balloons. If 30-year fixed loans are too long for your church, Griffin Capital also offers 5, 10, 15, 20 and 25-year fixed church loans. They offer quick closings with an easy application process.