A hard money church loan is a type of short-term funding used for any project, not just churches. They are shorter-term loans, and the borrower often only needs to provide 25% equity or less. There are many hard money church loans to choose from. This article will provide three points that show hard money church loans as a viable option for your next project.
The first point is that hard money church loans can fund up to 100% of the purchase price, making them ideal for those who don’t want to put down any equity themselves.
The second point is that hard money church loans typically have lower interest rates than traditional bank financing options because they offer higher yields and shorter terms.
Finally, hard money church loan approvals happen much more quickly than other types of financing, sometimes in just a few days or even hours!
These loans help you increase cash flow quickly. Allow you to buy property without using all of your funds and make it easier to get approved for other types of financing in the future.
