Mr Dad

Shopping Center / Malls / Strip Centers
Grocery Anchored Center / Retail Outlets / Nationwide

Conventional Financing: Low Interest Rate 5%

Loan Amounts: $1 million and Up
Interest Rate: 5%
LTV: Up to 65% LTV
Location: Nationwide
Loan Types: Acquisitions, Refinance, Bank Notes Purchase
Closing: Closing 60 - 90 days

Religious Organization Financing
Program

Eligible locations: Most markets in the continental U.S.
Eligible Transactions: acquisition or refinance; limited and substantial rehabilitation; ground up new construction for churches with a t least a 3years operating history.

Eligible properties: Church structures including sanctuary, parsonage, fellowship halls and all other church owned properties, which may also be commercial, office, retail, residential, apartment, etc., and almost any other property type.

3 year Profit & Loss statements with balance sheets; must be prepared by a qualified financial consultant or CPA- depending on loan amount, the level of work must be either compiled, reviewed or audited. The larger the loan, the higher the level required.

Transaction Size: $1,000,000 to $25 million.

Commercial Occupy: Not an issue- the commercial revenue derived is added to other church revenues including donations, tithing, etc.

Eligible Borrowers: Good church credit must be demonstrated; if the church has a poor credit history, the loan may require additional personal guarantees form credit-worthy members