Thursday, October 7, 2010

Church Loans

Purchase or Refinance

TRTY                National
Amount           $200k - $10MM
LTV                  Up to 80%
INT                  6.25 - 9.25%
                       3 / 25 6.75        PPP  2 yr   Pts    1 - 3
                       5 / 25 7.45        PPP  3 yr   Pts    1 - 3
                       7 / 25 7.99        PPP  4 yr   Pts    1 - 3
                   10  / 25  8.45        PPP  5 yr   Pts    1 - 3
PPP                See Above

Renovation, Construction, Purchase/Rehab

TRTY             National
AMNT            $200k - $10MM
LTV               Up to 80%
INT                6.25 – 9.25% interest only (Construction Phase)
PTS               1 - 3
PPP               Varies with type of project

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