Dragon Realty Capital will make loans on all religious-based real 
estate including:
- Churches,
- Synagogues,
- and Mosques.
We offer Purchase, Refinance, Cash Out Refinance, and Construction Loans for these types of properties. As a rule of thumb, for the first three types the maximum loan amount is somewhere between 3 and 5 times the Gross Annual Tithes and Offerings collected in the past 12 months.
General religious loan characteristics include:
- NO Personal Guarantees required (there are exceptions if the church is seeking more financing that it can qualify for on its own).
- NO Audited Financial Statements required.
- Loans terms range from 5 to 30 years.
- Amortizations range from 15 to 30 years, some fully.
- Rates are very low.
You will need to complete a one page application and provide the following information for a Letter of Interest:
- DRC, Church Loan Application (click to download).
- 3 Years of Income and Expense Statements.
- A Year to Date Income and Expense Statement.
- An explanation of the transaction (why do you need the financing?).
- A description of the institution’s credit (are bills being paid on time and if not, why not?).
