Religious Lending Loan Products
– 5, 7, 10, 15 Year Fixed Rates
– 10, 15, 25, 30 Year Amortization
– Purchase
– Rate & Term Refinance and Cash-Out
– Debt Consolidation
– Equity Lines of Credit and Cash Out options
– Bridge Loans and Mezzanine financing
– Pre-Development loans and lines of credit
– Tax Exempt, Best Efforts (Bonds sold within the congregation) and General Obligation Bond Issues (Will not disturb existing mortgage loan)

General Lending Guidelines
• Minimum Loan: $100,000 minimum.
• Debt Service Ratio: church does not spend more than 35% of gross revenues to make their monthly payment
• Maximum Capitalization: 3 times annual income
• Debt Service: 1.0 to 1.25 times debt service
• Loan To Value: does not exceed 65%
• Term: amortization up to 30 years
• Interest Rates: fixed and adjustable
• Payments: interest only or amortized
• Prepayment penalty: no option
• Maximum Monthly Payment: 1 weeks average contribution should not exceed the monthly principal and interest payment.
• Revenues: Should be increasing for past 3 years. The borrower will need to provide 3 years financial statements.
• Attendance: Church should be able to show attendance growth over past 3 years.

Required Documents
1. RELIGIOUS LENDING LOAN APPLICATION
2. BRIEF HISTORY OF RELIGIOUS INSTITUTION
3. CERTIFICATE AND ARTICLES OF INCORPORATION
4. ORGANIZATION BY-LAWS (WITH AMENDMENTS, IF ANY)
5. BOARD RESOLUTION FOR PROPOSED FINANCING
6. IRS TAX EXEMPT DETERMINATION [501(c)(31)]
7. PROFILE / RESUME OF SENIOR LEADER
8. LOAN REQUEST INFORMATION
9. 3 YEARS FINANCIAL STATEMENTS & BALANCE SHEET – RELIGIOUS INSTITUTION
10. 3 YEARS FINANCIAL STATEMENTS & BALANCE SHEET – SCHOOL
11. 3 YEARS ATTENDANCE STATISTICS
12. LEGAL DESCRIPTION(S) OF ALL REAL PROPERTY(IES)
13. COST BREAKDOWN (FOR CONSTRUCTION REQUESTS)

Let us put our experience and expertise to work for you. Call us (310) 356-6500