Church Financing

Please bear in mind that the following program guidelines are just that - guidelines. We encourage you to run your "Commercial Loan Scenario Request" by us and we will respond with our best-case scenario from over 600 Capital Sources. The Team at CapitalMAC prides itself on being experts in structuring and placing Church Debt Financing.

Loan Amounts

$500,000 to no maximum

Loan Term / Amortization

5, 7, 10, 15, 20, 25 and 30 years

Interest Rates

Traditional (Non Bond Issue) - Fixed interest rates currently priced at spreads of 200-400 basis points

Bond Issue Financing - Rate quoted upon receipt of Financial Package

Construction - Prime to Prime + 1%

Debt Coverage Ratio

Total Aggregate Debt to be no more than 4.5 times Annual Income. Annual Income is the sum of Tithes, non-designated Offerings and Building Fund Revenue.

Annual Debt Payment to be no more than 45% of Annual Income. Annual income as described above.

Loan to Value

Maximum 80%

Personal Recourse

Non-recourse with standard "Carve-Outs" and Key Principal obligations.

Origination Fee

0% - 3%

Commitment Fee

Depends on loan amount (applied towards third party reports, processing, and closing costs)

Prepayment

Traditional (Non Bond Issue) - Declining step down fee or yield maintenance (this will really depend on which capital source is chosen)

Bond Issue Financing - no prepayment penalty

Third Party Fees

Requires appraisal, mini-environmental. Bond Issue Financing will require Dealer fee.

Assumability

Assumable with Lender approval and a fee of not less than .5%.