Lending Solutions

Sanctuary Lending can arrange financing for your organization in serveral ways.  If you're looking to:

*  Purchase an existing building.
*  Refinance your current mortgage.
*  Construct a new facility.
*  Acquire raw land.
*  Construct a day care facility.
*  Construct or expand a school.
*  Construct a congregation care/retirement facility.
*  Remodeling and expansion loans.


Sanctuary Lending can help you reach your goals...


General lending paramaters are as follows:

* Loan to Value (LTV):  Generally 65-75%  sometimes 80%.

* Minimum Loan Amount:  $500,000 Nation-wide (some states less).

* Maximum Loan Amount:  Usually not to exceed 3 times gross earnings.
  
Example:  If your organization brings in $400,000 each year, you can generally expect a maximum loan amount of $1.2M .  Some times there are mitigating factors that can potentially push this loan amount higher.

* Loan Terms:  5, 10, 15, and 20 year balloons.  There are also 30 year, fully amortized loans available.  1, 3 and 5 year ARMs are available as well which usually carry lower interst rates (Usually selected for the purpose of qualifying).
 
* Revenues:  Your organization should be, at very least, stable over the last three years.  Growing revenues dramatically increases your chance at financing.  If you have shown a modest decline over the last few years, it is still possible for financing.

* Pre-Payment Penalty:  Generally none.

* Personal Guarantee:  Generally none (some situations may require).