1. RECENT CLOSINGS
Young, Growing Church Able to Purchase New Home
A young, growing church wanted to purchase a permanent church property for their congregation.
Established in 2008, they had little history both as a church and financially. Their membership was
increasing every year, but the loan amount was too large for the current income and size of the church.
Even though the age of the church caused some concern, one of Griffin’s Loan Officers was able to show
there were enough strengths to offset any hesitancy. The Loan Officer pointed out that the current
building the church was leasing was 1.8 miles away from the new property. The proximity ensured the
ability to retain existing members. The money was in place to put down 20%. Also, the desired property
had a residential building in addition to the sanctuary that would house the Pastor. All buildings were
renovated in 2011. The church closed on their loan with a 5 year, 20 year amortization at 5.01%.
Griffin Capital Funding wants to help your church achieve its goals. We do loans for the purchase, refinance, construction and
renovation of most church buildings. On average, we close over $100,000,000 each year in church financing projects.
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