Church Resource Company, LLC

About Church Resource Company, LLC

Church Resource Company, LLC is an Ocoee, FL based hard money lender. They offer loans all throughout the US. Their focus is primarily on commercial loans. They offer loan amounts starting at $50,000. They primarily provide funding on office buildings, retail storefronts, and churches.

Loan Types Offered: Commercial Hard Money Loans

Property Types Covered: Office, Retail, Church

Areas Served: National

Lending Guidelines for Church Resource Company, LLC

Below are the general loan guidelines published on the Church Resource Company, LLC website. Please confirm all terms and rates directly with the lender.

Loan Examples

The following loans are for education purposes only. They do not represent actual loans executed by Church Resource Company, LLC.

Loan Example 1

Dale runs a small business in Fort Worth, TX and decides to acquire a new commercial building for his operations. Since he isn't able to secure a standard loan from a bank, he looks to Church Resource Company, LLC for a commercial private money loan. The new building carries a price tag of $360,000. Dale will have to put 20% down, or $72,000, since the lender will only loan 80% of the transaction (the loan-to-value or "LTV"). This means the principle on the loan is $288,000. The lender additionally stipulates the following terms of the transaction: 1) a 10% rate of interest, 2) a 6 month length with interest-only payments to be made each month, 3) an origination fee of 3 points paid by the borrower at closing, and 4) no fees for pre-payment. Dale will pay the origination fee of $8,640 and will then begin making the interest payments in the amount of $2,400 ($288,000 principle x 10% interest / 12 months in a year). He may re-pay the note whenever he chooses because there isn't a pre-payment penalty but he is responsible for paying off the full principle amount whenever he closes the loan.

Loan Example 2

Tasha locates a townhouse in Orlando, FL to renovate and sell. Since she does not have enough cash to buy the property outright, she takes a hard money loan from Church Resource Company, LLC with the following parameters:

$370,000 purchase price
70% loan to value (LTV)
12 month term
8% rate of interest
3% origination fee

Tasha plans to list the house when the note expires for $536,500. If she accomplishes her goal, the final numbers would be as follows:

$536,500 sales price
- $259,000 note principle (70% LTV)
- $111,000 down payment (30% on 70% LTV)
- $7,770 origination fee (3% of the $259,000 principle)
- $20,720 interest payments (12 months x 8% interest)
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= $138,010 gross profit (does not include taxes or renovation costs)

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