church lending trends Archives - Church Executive


Construction financing, revisited

A true ministry banker understands that business administrators at religious institutions might only undertake a major commercial construction project once or twice in their careers.

A lender with specialized expertise in financing religious institutions will not expect you to intimately understand or fully anticipate the commercial construction and related borrowing processes. Rather, a lender with a depth of experience banking this segment can provide consultation and guide you through the process.

Nevertheless, the ministry will be best served when adequately prepared about what to expect.

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Does it make sense to refinance right now? (Even though you might be facing a prepayment penalty)

If you haven’t already heard while listening to the evening news, the 15-year historic graphs indicate that while interest rates are still relatively low, they might have bottomed and be on their way up. While many think rates are likely to increase in the future, no one knows how much they will rise or when. Now might prove to be a good time to refinance existing debt and secure a long-term fixed rate if possible.

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