Genesis Group, Inc. uses the following parameters to determine
whether we can assist you.
Income Test- Your organization's annual debt service should
exceed one third of its income. For example: If a
church has general funds income of $750,000, the annual
mortgage payment should not exceed $250,000.
Building-fund monies can be used in the calculation in some
loan to value ratio- The percentage of the loan to the value
of existing buildings, land, and the project being financed
by the loan should not exceed 75%. Example- Appraised
or "book" value is $2,000,000. That amount,
multiplied by 75% suggests a $1,500,00 loan amount.
organization must have an operating history of more than
have a minimum loan requirement.
fixed-price construction contract is required on new