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Updated 10 months ago on . Most recent reply

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Samira Davis
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How to obtain financing to convert a church to a house?

Samira Davis
Posted

Last year, I bought a church and a parsonage. I subdivided, sold the parsonage, and the proceeds paid for the church. I want to convert the church into a house, which will cost about 100k. I am not looking to take equity out against my house, and my other 2 rental properties are already going through a cash out refinance to pay for renovations of a fixer upper that I am buying. Land that I already own is listed for sale, no dice, not looking to reduce price. Third rental has some equity and I'm planning to sell this fall, but not enough. Great credit. Any ideas?

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Private money lenders, search on Facebook groups and meetups and they can fund it but interest would be around 12 percent though and they may look for collateral

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