David Fletcher asked Paul Sewell to lead a presentation on Financing Your Building at a conference.
Project Overview
- Phase 2 of Master Plan
- Worship Center
- Children’s Wing
- Music Suite
- 55,000 square feet
- Moved in December 2006
- Total Project Cost $ 9.5 million
- Cash available $ 2.0 million
Approaching Lenders
- Faith vs. Risk
- Selling Your Church
- Highlighting Your Strengths
- Mitigating Your Weaknesses
- Preparing a Request for Proposal
- Cover Letter
- Total Project Budget
- Building Presentation Booklet
- Master Plan
- Project Schedule
- 3 Years of Financial Reports
- Responding to Questionnaires
Selecting a Lender
- Negotiating
- Creating a Decision Matrix
- Considering Relationship
Staying on Budget
- Key Question: Who is going to manage the project?
- The Architect
- The Church
- The Project Manager