Frequently Asked Questions   ⁄   If you have additional questions or concerns, feel free to contact us.

Daniel J. Toal & Associates are financial consultants made up of Christian professionals of various disciplines with a zeal to secure the very best rates, terms and conditions for churches as they seek mortgage funding.

Daniel J. Toal & Associates embodies and consults churches, schools and ministries to commercial banks, other financial lending institutions, and alternative lending sources to secure the very best terms, rates and conditions on mortgage loans for its church clients. We have national, regional and local relationships and with our extensive relationships in the commercial lending world, we are positioned to negotiate at the senior level for your church loan to get the very best rates, terms and conditions!

Daniel J. Toal & Associates becomes your organization's exclusive in-house financial consultant. We counsult the church on the five elements of successful financing including:

Gathering the financial records and data and analyzing the risks.

Formatting the funding request package into an effective and professional request that gets the loan needed at the price pre-set by us

Determining the market.

Negotiating the terms and conditions of the loan to ensure that the church gets the very best terms, rates and conditions and that the church will have the flexibility it needs for future financing as the church grows.

Timing the process to secure funding earlier than the church organization would be able on its own.

Further, Daniel J. Toal & Associates essentially performs the steps for the church in a proficient method that places the church's funding request in high esteem among commercial lending sources, thus securing the very best terms, rates and conditions available to the church client.

Borrowing money (buying the use of capital) is like purchasing any other kind of commodity. The price is set by supply and demand. When the church instills serious competition into the loan process, the church obtains better rates. When the church makes a strong first-time impression and has all of its request properly documented, stated and structured, it will be in a stronger negotiating position. Since bankers have their own culture, the church needs somebody that "speaks bank". One of the greatest challenges for churches is that churches speak "church" and the borrower and lender often "lose something in the translation". That failure of communication often results in poor rates and terms for the church or denial of the loan request altogether.

Since Daniel J. Toal & Associates becomes your organization's financial consultant, we present the church in the manner that banks understand. We speak "bank". Recognizing the uniqueness of churches and ministries from for-profit organizations, we educate the bank on how churches operate in a manner bankers can relate. We pre-underwrite the request ensuring that the loan package and request is professional, organized and structured in a viable manner, comprehensive, concise, and obtainable.

As financial loan consultants we will, provide you with a tailored list items required based on your specific project.

A preliminary written approval can usually be obtained within 30 days of the lender's receipt of a complete loan application package. In most cases, a formal written final approval can be obtained within 45 to 60 days later once such items as the appraisal, title search and other lender requirements are completed. Closing can usually take place within 30 days after final approval is received.

In most cases a personal guarantor will not be required. However, under rare circumstances a personal guarantor may be required which would be discussed with your Church prior to submitting a loan package

This can be a difficult question to answer as it depends on a number of variables. For that reason we can offer you consultation to determine your borrowing capacity.