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I want to purchase a free standing building for a church. What type of loan do I need to apply for?

by jennif_141_826 from Milwaukee, Wisconsin. Jun 19th 2012 Reply


William J Acres (William_Acres)
#73 ranked lender in Arizona - 8,726 contributions

it would be a commercial loan, you would need 20% to 50% down, and the terms won't be pleasant.. But there are lenders out there doing them.. The best resource would be www.scotsmanguide.com.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com

Jun 19th 2012
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Bert Carpenter (BertCarpenter)
#38 ranked lender in Arizona - 1,828 contributions

You are looking for a commercial loan. You will likely need to work with a bank directly, but I would try a local community bank first. ~ Bert Carpenter, The LoansA2z team of NOVA Home Loans ~ NMLS 40586 ~ www.LoansA2z.com ~ 888-889-9950

Jun 19th 2012
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Linda Wintersteen (Linda123)
#63 ranked lender in Arizona - 1,256 contributions

Please visit my website you might have to copy and paste in your browser , it depends on your server I DO residential and commercial loans, and it is easier and less costly than what people think..I have private investors.. linda www.yourloanpartnerforlife.com i can lend in all states.. my email is yourloanpartnerforlife@live.com

Jun 20th 2012
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Joel Lobb (kentuckyloan)
#3 ranked lender in Kentucky - 192 contributions

Call a local bank. You will need a mortgage for a commercial loan. They require more documentation and larger down payments, and usually short term rates.

Jun 20th 2012
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Michael Opheim (mopheim)
#9 ranked lender in Wisconsin - 3 contributions

Jennifer, I do church financing and will some details from you to proceed. Items would include: annual giving, church affiliation, number of members, etc.... Please call me at 920-948-9886 (Mobile) or 920-933-2075 (Office) - Thanks - Michael - Senior Partner, Midwest Commercial Capital, Fond du Lac, WI

Jun 20th 2012
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