For over 25 years, our Commercial Lending team have helped our clients strengthen and expand their church, ministry or school footprint through property acquisition, extension or refurbishment.
One of the biggest concerns we hear is how expensive property is becoming nationwide! Unfortunately, this overwhelming fact is causing some churches to miss out on ownership completely – by putting it in the ‘too hard’ basket. Therefore, it is more important than ever to start planning early.
We understand that for our clients, the property acquisition process can be complicated. Our philosophy is to partner with our clients, working with them every step of the way – we are available to answer questions and assist throughout the entire process.
The ACS Commercial Lending team work with your leadership team to ascertain how much the church can borrow, the deposit required, property types to consider and documentation required. As there is quite a lot involved it pays to gather documentation early as everything can move quite quickly once a property is found.
Establishing and understanding your current financial situation is paramount. Only then can you begin to look for a church, school or ministry property that fits within a set budget; set a plan to work towards saving the deposit; or ways to increase the amount that can be borrowed.
There are several classifications as to the types of loans our Commercial Lending team can help with, these are:
• Commercial property, which is defined as being a:
– Factory – Warehouse – Office building
• Specialised property which is defined as being a:
– Purpose built church – Child care centre – Unique property
• Commercial loans for residential property, ACS can easily secure such funding for when a church decides to purchase a house for the Pastor or as an investment property. Many churches are unaware that this is a good option for them.
In either situation, the ACS Commercial Lending team will work in partnership with you to help with creating and gathering documentation required and answer any questions that you may have. Our service extends to include new project planning, renovations, constructions, new purchases and refinance of current commercial loans.
So again, planning is important, sit down with your church leadership early in the planning stages for the new calendar year and make sure that owning a property is high on the church agenda.
Contact our team to help you plan for property ownership in 2018 by clicking here.
Remember, at ACS – we’re with you!
ACS Financial are a Christian, profit for purpose organisation providing tailored school and church insurance and lending solutions, as well as offering other services ranging from personal insurance to travel insurance and not for profit insurance.