Lowest Mortgage Rates with Lender411
Login | Register (FREE!)
  • Refinance
  • Buying a Home
  • Loan Quote
  • Mortgage Rates
  • Find a Lender
  • Ask a Question
  • Credit
  • Mortgage Calculators
  • News & Blog
My church has a building loan (approx $1.2 million) that is due to be rolled over around Jun/Jul timeframe. Is the term refinanced the correct term to use in this case?

I am not sure of the category that this fits....is it a refinance, loan modification or is it considered a Commercial loan? Virginia Beach,VA | Feb 14th 2011
by John Mc...
Answer


by anthonyl

I would be glad to refer you to a couple places who do church lending. The more options you have the better! You can reach me at 866-640-5722 ext. 126

Feb 15th 2011
1
0
by buchananvs

It is more then 1 thing. It is a commercial "church" loan.There are different guidelines for church loans then any other business.As a commercial loan broker, I have a companies that specialize in non-profit organization lending. If you need help and want to get this in order before May let me know. David B.

Feb 14th 2011
0
0
by

If the church loan will roll over around June or july then they will need to do a refinance because it is depend on what is the term that they are in now with the company that finance the church or did the loan. However, if the refinance is the consideration then they might want to start to do it now because commercial loans can take up to 5 months to close. It takes longer than residential. Please contact me about this loan.My name is Ana from First USA Home Loans and I do both residential and commercial real estate loan. I have done church loans before so I do have an experience.1-877-472-9887 avichaidist@firstusahomeloans.com

Feb 14th 2011
0
0
by dan@loa...

It appears that your loan term is up at that time. This would be a commercial loan. Feel free to contact me to provide you with your options regarding Non-profit lending programs...877-369-4319

Feb 15th 2011
0
0

  • Question
  • Recent Questions

Ask a Question

Get this widget
Get this widget
Copyright © 2012 Lender411.com. All rights reserved. Subscribe to our news feed.
Company Info
  • Home
  • About Lender411.com
  • Contact Us
  • Press
  • Site Map
For Consumers
  • Today's Mortgage Rates
  • Current Refinance Rates
  • Popular Loan Programs
  • No Closing Cost Refinance
  • HARP 2 Refinance Program
  • HARP 2.0 Eligibility Guidelines
For Professionals
  • Advertising
  • Mortgage Marketing
  • Mortgage Leads
  • Mortgage Calculators
  • Mortgage Blog
  • Free Mortgage Content
  • Mortgage Widgets
  • door_in Login | Register
Legal
  • Privacy Policy
  • Terms of Use