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*Church Program Highlights
• Up to 30-Year Amortization for Church
Loans
• Up to 25-Year Long Term Fixed Rate
• LIBOR, US Prime & US Treasury variable
rate
• Loans less than $500,000
• No pre-payment penalty
• No personal guarantors
• 3, 5, 7-Year fixed rates
• Monthly, Quarterly, Semi-Annually & Annual
adjustable rates
• Rate & Term Refinance
• Debt Consolidation
• Equity Lines of Credit & Cash Out options
• Bridge Loans & Mezzanine financing
• Pre-Development loans & lines of credit
Qualifying Standards
The first step in the process of securing funding
for your project is to register your loan at http:
//www.c-loandivision.com/ChurchApplication.
html. Afterwards you will receive a loan proposal
or decision within 48 hours based on a
preliminary review your organization's financial
statements. Here's what we need if you loan
requested is accepted:
• Most recent and last 3Y Income Statements
and Balance Sheets of Church, and any income
producing affiliations
• Constitution Bylaws
• Articles of Incorporation
• Digital Photos of Property - Exterior, Interior,
Streetview
• Loan Summary
• Statement of Faith
• Resume on Head Clergyman
• Brief History of Organization
• Religious Questionnaire
• Signed Client Agreement
Debt to Income – Maximum 30% of annual
income For example: If the Church's has
$1,000,000 in yearly income, the most that can
be used for debt service (loan payment) is
$300,000.
Maximum Capitalization – 3.5 times annual
incomeFor example: If the Church has
$1,000,000 in yearly income, the maximum loan
amount can't be more than 3.5 times that
amount, or $3,500,000.
Debt Service – 1.0 to 1.25 times debt service
For example: If the debt service on a loan is
$300,000 the church must have cash available
that is at least 1.5 times that amount, or
$450,000.
Loan to Value – Maximum 100% - with approved
down payment assistance
*IMPORTANT LEGAL INFORMATION: STA
Capital is correspondent to direct private and
institutional money. The above information
represents a good faith estimate of the eventual
terms, it does not represent loan approval, actual
lender's requirements and guidelines
represents final authority. No commercial
mortgage lender locks in his rate while a loan is
in processing, so your rate may change,
especially if market interest rates increase. In
addition, if upon inspection, the property proves
less appealing than anticipated, or if other
negatives in your loan package should arise,
your rate may increase. Do not make
financial or other commitments based on this
expression of interest. Final lender approval is
subject to numerous factors.
Thanks,
We look forward to working with you
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