CHURCH PROPERTY BUYER QUESTIONNAIRE

To give us an idea of your organization’s current situation, please help us by completing the following confidential questionnaire. Upon submission, we will get back to you with further questions or with our assessment of your church’s readiness to purchase. We strive to provide an initial response within 24 hours. In the meantime, please don’t hesitate to reach out to us at (281) 744-0644.

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General Information

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Your Name *

Your Email Address *

What is the best number to call you?

About your Church or Organization

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Your Church or Organization's Name

Home many members or weekly attendees?

Where in Texas is your church located?

How many families are regular contributors?

When was your Church started?

What is your present real estate situation? *Choose an optionWe lease a propertyWe own a propertyWe share the use of another church facilityWe are a multi-site churchWe meet at a homeOther arrangementWe own more than one property

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Income and Expenses

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How much in general offerings/tithes does the church receive annually? *

Take an informed guess if not sure

How much is received anually in other income? *

If none, just enter $0

How much in designated or special offerings, not for normal operational use? *

If none, just enter $0

Annual operating expenses (everything) *

Including existing mortgage or lease

How much do you pay annually on your existing mortgage or lease? *

If none, just enter $0

This is your Net Operating Income:

All revenues minus expenses and adding back your existing mortgage or lease

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Purchase Project Details

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How much do you think the property will cost? *

Commercial lenders will typically require a 20% minimum down-payment of this figure

How much do you have saved up now? *

If none, just enter $0

This means that your loan amount will be:

This is an approximate figure, of course

How long in years would you like your loan to be? *

Typical terms are 10, 15 or 20 years

What interest rate do you think you can get? *

Enter an annual interest rate

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Results Section

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Your Net Operating Income as seen by a Lender:

From the previous page

Your estimated maximum annual debt service:

After applying a customary safety factor

Your monthly allowed mortgage payment:

Applying standard financing criteria

This monthly allowed loan payment figure, based on the income/expenses information provided, will then need to be compared to the monthly loan payment figure required for your project particulars and the financing terms that you have indicated. We will be in touch shortly to discuss further.

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