BUILD NOW - Buy Later with Church Lease-Purchase Program
A lease-purchase program provides an alternative
financing solution for the construction of new church
facilities; allowing you to Build Now and Buy Later
through a lease/purchase agreement. There are a couple of
companies offering this exciting type of program and I
expect more will be doing so in the future.
never gets any easier than this. If your church is
currently renting and is having trouble getting the financing
you need for new church construction, this may be the answer you
are looking for. Lease with option to purchase can provide
an alternative for younger churches that are having a
difficult time getting a conventional loan.
Lease/Purchase offers several
benefits to the church:
- No loan payments during
construction - so you don't have to pay rent and a
construction loan at the same time.
- Lower cash and equity
requirements to get into a new building.
- Turn-key solution:
Design, financing, construction and built-in capital
stewardship program. All factored into the lease
and buy/out price. Administratively and financially
easier on the church.
- Church has no risk from
construction cost overruns.
- Church is free to pursue
their ministry rather than get overwhelmed by
- Improves churches credit
worthiness and ability to borrow.
Once your new building is
complete, you will move into it under a lease agreement
with an option to purchase at a pre-determined price any
time within 3 years. It is anticipated that most
churches will be able to purchase the building with 12
to 18 months; at which time they can finance the
purchase with a conventional church loan. The sole purpose of the lease
is to get your church into your new building as soon as possible
and demonstrate to the bank your ability to make the mortgage
- Difficulty getting a
loan to build your first church
- At least 3 years of
- Land, land under
contract, or located land
- An income of $75,000/yr
If so, then please contact us to see if you may qualify
for this ministry's exciting program.
Written by an experienced church
Preparing to Build provides
your church valuable, real-world insight based on real-world experiences and
input from hundreds of church building projects.
"Preparing to Build was an
incredible value - just a wealth of
information. The truth & his experience
jump off the pages."
Dwight VanDaveer, Engineer & Church Building Committee Member
With over 160 information packed pages, this
book will explain the process of building and how equip the saints for the
work of building the church in an effective manner that will reduce the
church's cost, risk and effort. Click for more information or to purchase.