Two Alternative Church
Financing Solutions
If your church is
having trouble getting the financing
for new church construction, consider these two non-traditional
financing solutions available only to churches
These solutions are providing funding for churches
Even in the face of the current
economic meltdown
-
The first
option is a complete package that includes design, construction
& permanent financing,
and construction of new facilities that allows the church to
a build now and pay later.
-
The second
option is that of lease/purchase that allows your church to
build now and buy later
through a lease/purchase agreement. It too provides turn-key
design and construction solution.
Depending on the program and
your church's unique situation, you may enjoy the benefits
of some or all of the following:
-
No loan payments during
construction - so you don't have to pay rent and a
construction loan at the same time.
-
Up to 90%
financing means lower up-front cash and equity
requirements to get into a new building.
-
Turn-key solution:
Design, financing, construction and capital
stewardship program - administratively and financially
easier on the church.
-
Church has no risk from
construction cost overruns.
-
Church is freed to pursue
their ministry rather than get overwhelmed by
construction.
-
As much as 30-40% more
square footage than with traditional lenders.
One of these non-traditional church financing options may be the answer you
are looking for and the qualifications for each are very
similar. The primary qualification for either program
is the church's ability to make a payment. In both
cases, the project is defined by the payment the church can
realistically afford to make.
Does your
church meet these basic criteria?
-
Income of at least $100,000 per year
-
Church owns land, or has land under contract
-
The church is not under contract with a builder
-
Your church is located in the continental United States
It is
free and easy to see if your church might qualify.
If
your
church meets the above preliminary criteria,
then please request more
information and we will contact you with more
information on these programs. Based on
the information you provide, we will determine, at no
cost or obligation, if you
may pre-qualify for one or both of these programs, and work
with your church to determine which is the best
solution. |
