Churches and Non-Profits often have a difficult time securing traditional lending due to a lack of consistent cash flow or a huge revenue stream. We’re able to lend on equity – even creatively – and can easily service these types of loans.
The property securing this loan was a former funeral home on a lovely street in the Bay Area. A local church purchased the building and turned it into a perfect church. Not only were we able to finance the loan on the equity in the building, we were able to turn it around quickly so that the pastor and congregation could move directly into their new spiritual home.