OK, so my older sister found a few churches for sale in our area- the smaller one at 0,000 and the larger at 0,000 (we like this one better because of more parking space/building size). We would like to turn it into a center for everyone, that will provide lots of free services for the needy, work in conjunction with other not-for-profit organizations in the area, and also be a spiritual (though not specifically religious) center. I think this is a great cause.

While we can get a mortgage and/or loans, our family is certainly not poor- our father (there are three daughters) is a wealthy businessowner. However, we don’t have the money to just point-blank buy it, because our father may not be willing to invest. This is a lot of money. How might we get some help in paying? Possibly community fundraisers? I mean, if we begin an official organization, we can raise money and get donations and partnerships… any other ideas or similar stories? We are in Rochester, NY.

This year i started my mortgage company (Charity Funding Group) We are California’s first charity lender.We meet new, emerging needs in our communities and our nation.We help sponsor many local and international charities,churches, schools and organizations.We donate 10% of total closing cost to the organization of your choice.We are a small personalized business,based off of strong refferals.My team has been together for 4 years and we close loans in about 2 weeks, which is the fastest i know of in the business. Lately the refferals have been slow.I want to do some advertising, but do not want to waste my money and do not have much capital to advertise with.Does anyone have any good suggestions for inexpensive advertising? If you or anyone you know needs any info. or is interested in refinancing,we have about 75 diff. programs available and work with the top investors in the country.I would love to help,and discuss your options. Please help support my company and what we stand for.

The woman is in her 50’s, she has a husband in his 50’s. They have 1 son (28) who is married w/ 2 kids. Those kids were her whole world. This woman cheated on her husband 20 some years ago and got pregnant and then had an abortion. Her husband still to this day stands by her no matter what. She has filed bankruptcy 2 times. Had numerous vehicles repossessed. She bought several cars without even asking him. She made him sell his classic car to pay her debts. They even lost their home because she cannot control her spending. (she bought it 8 years ago for 74,00 and now owes 117,000 due to refinancing) She does not work. Her husband is a trucker and wants to retire, but she wont let him because she needs the money and he will do whatever he can to please her. He is not allowed to make any decisions or she threatens to throw him out. Even her dogs come before him. For the last 18 months she has been raising her great nephew, which she gets paid to do. She says she cannot even tell him she loves him, but now wants to adopt. She used to spend all the time in the world with her 2 grand kids, but since having this kid she only wants them on Sundays for church. She rarely calls them. Her son is upset with her for want to adopt this kid and forgetting the grand kids and she thinks he is selfish and ignorant. They are no longer speaking over this adoption. She refuses to see how much this has hurt him and only considers her own feelings. Her husband even said he does want the kid, but he wont tell her no. Her son and DIL have told her numerous times to call them and she doesn’t. What do you all think about this? Does this woman need help or is it the son and DIL? Obviously the husband needs woken up because he cant do anything for himself. The son and DIL have stopped speaking and visiting since she started ignoring the kids. Also, of course the son and DIL are not perfect people either, but they both work, own their home, have good credit, etc. Their downfall would be that they don’t really associate with much of the family because the family is always bickering, even some relatives suing the grandma, etc, they chose not to be involved.

Do you think the son is wrong for not speaking to her because she wont pay attention to her own grand kids anymore?

The church I attend was designed in an older style and is not handicapped accessible. We have wanted to change this for a long time but it is extremely expensive and we just don’t have the money. Does anyone know of interest-free loans or government grants for a church that wants to become handicapped accessible?

Who owns the property the church stands on? How does your church get paid for? Do the churches get loans from banks? Who builds the churches?

Please all Jehovah’s Witnesses don’t answer this. I have posted a question just for your religion previous to this you can find with this link:
http://answers.yahoo.com/question/index;_ylt=Ape4EqGzymMv0pqkWNvPsGfsy6IX;_ylv=3?qid=20080531060824AAQlyuy
This is for all the other religions.
I have also been calling different churches in this area and talking with the treasury depts. They are very helpful and informative and glad to answer my questions.
Some of the churches have volunteers to help with building or remodeling old buildings. They do contracting with professional builders also. The churches take out loans if needed from banks. All of them have building funds within the church to donate to. None so far have a main office that they get loans from so there haven’t been interest paid to a main office of their religion. Some have pledges like there was mention in some answers here. Not all. Nobody is fully committed to paying a pledge like a personal bill. If they can’t pay, they aren’t going to be sued for the money.

I’m looking forward to more answers here. And thank you for your answers as they are most helpful and informative.

I have a niece who spends more then she makes. Is always in debt. Never saves for retirement. Designers things was only things she use to buy. She has gotten to the point she is going bankrupt. The last time I tried to help was over a year ago. I offered to refinance her mortgage, and pay off her credit cards, and get her up to date on her 2 car payments. It was going to cost 12,000. And her monthly bills would go down by 0. After paying one car payment, of close to 0 she said she did not want to refinance her house, and just wanted the money to pay off her credit cards. Which would only lower her monthly bills buy 0. That is not good financing. I said no. And since then I have not given any more money. Except for a small gift, for birthday, or now Christmas.
The problem now is she is mad at me because even though money is tight, I have given a few hundred to charities this year. And I signed up for 0 to my church to buy a gift for needy kids for christmas. I usually give to kids under 12yrs old and for the older older kids. My niece is mad that I most likely be giving more to a stranger. By the way I have forgiven over ,000 in loans in the last 10yrs

Am I wrong.
I am an uncle not a aunt. But thanks for the support. I get weak every few months and feel guilty. Thanks for making me strong again.

This Contractor has a business that is registered with the BBB but I can not get anyone from the BBB to call me back and we have paid for all but 3000 of the job and he only has done framing and drywall some painting and some mudding the ceiling and the rest of the project is not finished and he will not return our calls or answer our messages. He has a key to our house and now my husband is leaving in the military and I do not know what to do it has been since last october since he has touched the job. How do I pursue this I do not have a lot of money for an attorney and I am stuck with a second mortgage because I can not refinance because he took all the money and did not finish the job.

How can we raise the money without having to borrow from the banks and loan offices? I need some Legal Fundraiser Ideas!

In spite of having a top notch credit score for two decades, a strong self-employed job for two years next month, a two-income family, and a renter of half our building with the other half being rented in a month or two….I’ve been unable to find any local bank (or even a local "national" bank) willing to refinance so my sis and I can get away from an 8.5 per cent interest mortgage.

HERE’S MY QUESTION: are there ANY banks out there who are less stupid than the ones I’ve gone to and who ARE refinancing and WANT my money??? Can you name them to me? How can I find them without going through ALL the paperwork and time, only to be turned down over and over for one ridiculous reason after another?

PLEASE NOTE: I’m not asking why banks don’t refinance right now. I’ve heard those excuses. I’m just asking if ANY are refinancing commercial loans. lol .
I have no idea what the first answer below is talking about. I didn’t ask if I qualify for a commercial loan. I already HAVE a commercial loan. And getting a "straw buyer" seems like a poor idea. I’m just wanting to know if ANY banks are refinancing commercial loans for low-risk folks like myself, and HOW do I find them??

Looking to get an apartment building but I don’t have the money, credit or documentation, therefore I need something secured such as a asset based. I live in nyc and the property is there as well. No upfront fees. i can’t afford any fees that the property can’t cover.
I plan to hold the property as the asset
non recourse financing

I got the cash for a new 3-series but I also want to keep it in the bank so I have cash flow, for an upcoming mortgage and down payment (on apartment). So, financing I would have to pay more per month but the BMW select can do zero down. The balloon at the end of 5 years is not that bad for me because actually I will invest the money NOW and in 5 years I would have more cash. What do you guys think?

What happens if someone is independent, has no wife or kids, but has several thousands of dollars in credit card/student loan debt. Because he was young he had no will, he committed suicide. I’m not sure if his parents co-signed his loan for school. If they did do they have to pay considering he never finished school (payments are deferred until after graduation) and if they didn’t does the lender lose the money?

Also not sure if he declared himself independent or if his parents claimed him as a dependent because they were helping pay for college.

If his parents claimed him, and he declared himself independent, then who’s fault is that?

Everyone blames me for his death, although i disagree, I do feel guilty. Im trying to figure out whether or not his parents assumed his debt, because if they did, i’d like to help them out with it They are really nice people, and are both retired. It was bad enough that the lost nearly ALL of their retirement in the recession, they defaulted on their mortgage (which was their 2nd mortgage to help pay for his undergraduate degree), and his dad is too old to go back to work (commercial pilot). It’s bad enough they just lost their only child, and are in severe financial trouble themselves, they don’t need the extra debt.

Can any lawyers out there give me a legal summary and can any other person (you know…with a soul (sorry lawyers)) give any advice on the moral side of things? Thanks!

I want anyone looking for a commerical loan to stay away from this company. TX Southwest Business Solutions in Allen, TX is run by Richard and Maria Orozco (214-715-2777). They are loan sharks, who pose as commercial wholesale lenders who ask for 0 deposit — and say (in the application) they will return your deposit if they cannot secure a business line of credit. They are referred business by other wholesale lenders in Texas and Colorado — if you work with Maritime Commercial or anyone else, ask them FIRST to whom they refer business, if at all.

I have filed complaints with the BBB of Greater Dallas, FTC, and Consumer Protection Agency. They have not responded to multiple attempts by the BBB. Now, I am filing with the State Attorney General and State Office of Consumer Affairs.

Don’t let these people delay the start of your business or run away with your money.

Looking to get an apartment building but I don’t have the money, credit or documentation, therefore I need something secured such as a asset based. I live in nyc and the property is there as well. No upfront fees. i can’t afford any fees that the property can’t cover.

I’m 45 and have an extensive professional resume & CPA license. I’m currently working as a commercial loan officer for a bank. I like what I do now.

I’ve just be offerred an opportunity to join a competing bank as a lender. From what I can tell, it is a better opportunity. I’ve also just been offerred an opportunity to join an established consulting firm to open my own consulting practice. I’d be using more of my CPA background in the consulting position and it would take me out of banking/commercial lending.

I have to make a decision this week. I need some input from seasoned professionals. I know I have the potential to make more money and be my own boss as a consultant, but I’ll lose the retirement and stock options, not to mention the other benefits, regular pay and hours. I’m not afraid to work hard and long hours to establish myself, I just need to hear from those of you who’ve had experience working for yourself. Is it really worth it and why? Thank you!!

Hello and thanks for helping! I have had a hardship situation since May due to my small son carrying an infectious disease. I have had unexpected medical expenses and other related (diet, care, etc). I have never been late or missed mortgage payments. After being shut down for any options, like trying to get money out of my retirement account or try to refinance, I applied for a temporary loan modification with Wachovia. I called today after 3 months and they told me to update the financial documents. Now, in these 3 months, something else happened. My husband business partner decide to retire and asked him for ,000 to sell his part or he would go and sell it to someone else. We tried to get any commercial loans thru banks but they were denied (and we still have excellent credit). We ended up taking the money form our home equity line. My question is: What is the best way, if any, to document that new situation when updating my hardship letter and financial statements for Wachovia? Thanks a lot.

I am in the process in opening a large daycare from home. I am currently renting the house. I live in Southern CA.
My goals are to build my business, build a line of credit for my business, and purchase this house within a year. (The house is worth 0,000 in today’s market, down from 0,000 last year at this time).
I spoke to some companies that promise me lines of credit, but they also want me to incorporate my business and give them 00.00 to help me. I simply do not have that kind of money, and I do not want to waste money on something that is not necessary.
Specifically, I do not see why I need to incorporate my daycare. Can I still build credit without it? I also do not understand how to establish a business line of credit, nor do I know if I will be able to buy a home with it later on.
Lastly, my personal credit is not good, so I cannot rely on that to purchase a home.
Any comments? Suggestions?
Thanks!

I am trying to incorporate and i would like to build business credit fast to apply for a loan. I have a good co signer.. My credit I am working on… and ( what is the difference between business line of credit) I believe that is not the same thing as money. I need a partial loan because we only will have part of the money. Serious assistance please. I already went throught a company that was to help build business credit and because i waited a year to start working with them they closed the account. *** I guess if you dont’ open in a year you are SOL> I will report them to the bBB because we were not told there is a time limit to use their services to help build business credit. ** so definately serious help please. We are trying to see if we can open seriously by november or at least have 80 percent of items completed to open befoer applying for a loan. ( Oh yes i have a great business plan!!)
Please no solicators for your own company. I just need some help from my yahoo partners whom are serious. I have decided to jump in and take the plunge. Thanks!!

There is a " Term Asset-Backed Securities Loan Facility " whichi is supposed to " get credit flowing more normally again," It is for a trillion in lending for households and businesses, especially commercial real estate which is not doing so well lately

"Under the program, which got off to a slow start in March, the Fed provides loans to investors. They use the money to buy newly issued securities backed by auto and student loans, credit cards, business equipment, commercial real estate and loans guaranteed by the Small Business Administration."

Do you think this will get us out of the recession, or do you think it will get us into deeper trouble?
http://news.yahoo.com/s/ap/20090925/ap_on_bi_ge/us_bernanke

Commercial real estate loans? How do they work
How do developers get money to build huge skyscrapers?
How do they pay these loans back?
I need details.

Dun & Bradstreet was paid in March to create a PayDex score and credit file on my 8 year old business. Now that they have the money, they say that the creditors I listed are NOT D&B members, so D&B can not use them as a reference. D&B will not return any money paid to perform the service they were paid to do. As a small business, real estate rehabber/investor/wholesaler, I need to be able to borrow in the corporate name without any attachment to my personal credit. Other companies I contacted for business credit building want money also.How can I be sure that a credit report will be built for my company, without personal attachment, IF I pay another fee to another company? I really just need a few hundred thousand dollars to start…maybe Trump would want to help me out…I’m a big fan of his! I can’t even imagine…anyway, how can I get guaranteed results in building a business credit report and obtaining a line of credit in the business name?

I’ve gone through the calculations and this is the absolute minimum I can use to just scratch by for starting up my business. Does anyone know where I can get this money? I will not be able to start repayment until at least three months after start up.

I purchased an aged shelf corporation from a broker and they were able to get me ,000 in business credit lines in the form of multiple Visa, MC and an Amex card based on the company’s credit profile. That’s the good news, the bad news is that my partner (co-owner) will be unable to fulfill his obligations in our partnership agreement pertaining to the company. Now I’m not sure what to do with this shelf corporation as I paid 15k for it and don’t really want to lose money – if that’s possible. I tried selling it back to the broker I bought it from and they only offered to buy it for 10k. Any suggestions?

Commercial real estate loans? How do they work
How do developers get money to build huge skyscrapers?
How do they pay these loans back?
I need details.

A month ago we were able to quote commercial mortgages with excellent credit in the mid 5’s low 6’s, even though treasuries have actually dropped since then, money has gotten much scarcer so banks are charging more to borrowers, simple supply and demand. Rates have actually gone to the mid-high 6s to the low 7s on good credit now. That is what the market is yielding. I know that most of our loans are commercial jumbo, but that the lack of money is going to trickle down and affect the residential lending markets and even though rates and treasuries are going to drop in the future, lending rates are going to go up, again…all about supply and demand.

For example, if I have a line of credit of 0,000, is there a way to reflect that such that my forecasts wouldn’t show me running out of money?

I set up my music publishing company and I am registered with ASCAP. I am ultimately looking for about G "start up money" to grow my business into a mulitimillion dollar company. But in the immediate future, I only need about 00 to build my home studio/office. My personal credit is being established because I learned that an insufficient credit history is the same as having bad credit. But I want to use my tax id# as an alternative short term solution until I am in a better position to execute my business plan. If you have any leads, please share. Thank you.

I want to boy “stratus” franchise plan it’s commercial cleaning business I need 20-30$ for start I would barrow or would get some kind of personal loan but my credit score is 670 and I have no property no one want to give me money I would pay 15-18 % but……… maybe you know some banks or organizations, sagest me how to get out from this situation thanks so much SOS

I am interested in getting into commercial real estate, not sure what area….leasing, property management, lending, loan officer, I know it sounds cliche, but I basically just want to go where some big money can be made. I have a background in residential real estate as a loan officer and Account Executive for a subprime lender. From what I hear, people on the commercial side make some great money, it just seems that everyone wants someone with commercial experience. I am willing to pay my dues, training, mentoring, etc, but I just need to find somewhere to get my foot in the door. Any help?!

We have no house as security and are currently renting, the business is doing well, but often we are waiting for the money to come in and need cashflow as backing. Can anyone advise of a good lender or someone we can talk to in victoria that will not require bricks and mortar?