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Long term financing for Christian
Churches, Temples, Worship Centers, etc
No Personal guarantees – No Pre-Pay
Penalties
$150,000 to 5 million – up top 75% Loan to
Value, Fixed rate – 20 year term
MortgageMade4You.com, a commercial and
residential brokerage, arranges all types of religion related real
estate financing. We can help in financing requirements for a church
building purchase, refinancing expansion, an addition, remodeling, a
church camp, a classroom, a new school, a retreat etc.
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Construction
loans for church projects
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Church day
care center financing
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Financing for
church schools
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Church
equipment & furnishings
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Church
financing in all 50 States
The amount to be
financed cannot exceed three and a half (3.5) the Churches' 2005 fiscal
years gross "Plate Income or 75% of the appraised value, which ever is
lower of the two.
Plate income
consists of the total of tithes, offerings, building fund and general
donations etc. Note: Church's 2005 expenses which exceed fiscal 2005
plate income (negative cash flow) may not be eligible
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A minimum
2005 "plate income" of $75,000 and at least 75 attendees are
required to qualify for the minimum amount of $ 150,000 and in
addition financing will not exceed 75% of the current appraised
value of the completed church, including any planned remodeling,
construction additions etc.
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Net Income
(last fiscal year) from an affiliated now operation day care canter,
kinder garden, church school, church senior centers etc. can be
included along with the last fiscal years gross plate income to
qualify
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The lender
requires three year of tax returns and a current year to date profit
and loss in generally accepted accounting principles (GAAP) format,
prepared by an independed CPA, prior to issuing a proposal
Call for more
information: 800-620-7964
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