General Loans

• How long does it take to obtain a loan?

  From the time a completed application and all supporting documentation are received, a loan can generally be approved within 10 to 20 business days, and funded within 30 to 45 days. This timeframe can vary based upon committee schedules and how quickly the escrow company completes its work. The key is to provide all requested documentation with your loan application, and stay in touch with the escrow company to make sure that its work is progressing on schedule.

• What types of loans are available?

  Foundation Capital Resources offers a complete range of financing tools including permanent first mortgage loans (refinance, purchase, improvements), construction draw first mortgage loans (improvement/construction loan with guaranteed take-out to permanent), capital commitment/bridge loans and new church plant loans.