Charles Hanger Construction, Inc.  
        Building only Churches since 1950    
We have assisted Churches in obtaining over
500 million in construction & long term financing
Church loan’s are probably the most difficult form of commercial financing to successfully close. Churches are an integral part of local communities, however Church properties are unique. Lenders are therefore concerned that if the loan payments are not made in a timely manner and the lender is required to assume ownership of the property, it will be very difficult to find a new owner because of the unique property features. Some “Commercial” lenders require individual guarantors for church financing, however this is inappropriate for a church loan. The church financial structure simply does not lend itself to a traditional lender/guarantor approach. The need for members as guarantors can act as a serious barrier.  When church financing is obtained through typical “Commercial” lenders, there are frequently unacceptable finance terms such as very small loans, low loan-to-value of 40% to 50%, short-term loans where the church is likely to experience continuing financial difficulties due to unrealistic commercial mortgage requirements. Construction, renovation and land acquisition can be even more difficult for churches to finance than purchase’s or refinancing. As a result, needed repairs are often postponed indefinitely and new churches frequently take many years to become a reality.  
GOOD NEWS. Hanger Construction with 67 years in the church building specialty field can provide lenders who understand and support churches. They recognize and understand how churches work and they value every church because of the benefits they provide to the communities these lenders serve.
Lender’s who understand Facts
Churches provide valuable contributions to communities in the areas of direct economic contributions, social service’s and community volunteering, education and civic skills training, and reduced levels of crime. In fact, if it were not for churches, government would have to expend public funds to replace the community benefits that churches provide.
  Churches Provide Direct Economic Benefits
  The presence of churches in the community brings direct economic benefits to the local area. Church organizations provide jobs for the community, and churches support a variety of local businesses. Churches bring individuals from surrounding areas to the community where the church is located, and these individuals provide economic support to local establishments. Thus, churches aid in bringing additional revenue to communities.
Churches Provide Social Benefits
Researchers have identified the social benefits churches bring to communities, including: providing help to poor and vulnerable individuals in the community, improving marriage relationships, decreasing violence among women, increasing moral community obligations, and promoting charitable contributions and volunteering. Churches help communities complete vitally important social projects, for which the government would need to fund if churches did not provide such support.
Churches Promote Education and Civic Engagement
Churches also improve the educational success of students and provide training and skills that promote civic engagement. For students, religious involvement is positively correlated with higher math and reading scores and greater educational aspirations. Students who frequently attend church have improved ability to allocate time and achieve goals. Churches provide educational, psychological, and moral training and resources, which result in positive present and future educational outcomes for students.
Churches help members obtain civic skills, such as networking, organizing, and participating in community services. The church environment provides a training ground for individuals from all socioeconomic backgrounds, affording individuals the skills to succeed in industry, business and education to name a few. In sum, the education and civic engagement training and motivation that church institutions foster has great social and economic benefits to societies.
Churches Help Decrease Crime
Churches decrease the occurrence of crime in communities and among local youth. Reduced levels of crime make communities more safe, stable, and productive, and safe and stable communities encourage economic growth, through business expansion and attracting new residents.
Churches Promote Mental and Physical Health
Churches also promote a variety of health benefits for the community, improving the vitality of the community and decreasing government expenditures. Studies have consistently shown that religiosity is related to increased longevity. The average religious individual lives seven years longer than the average nonreligious individual. Church programs and religious practices promote physical health, and a healthy community is more productive and less of a strain on local resources.
Increased religious practice also is associated with decreased levels of depression and suicide. In sum, church involvement has been shown to improve mental health, and having strong mental health makes individuals more productive and less at risk for committing crimes. The above are just a sample of why our Lender recognize WHY CHURCH INVESTMENT IS GOOD.
Church facts: There are over 450,000 churches throughout the United States. Even in these hard economic times only 138 churches were foreclosed upon within the entire U.S. This calculates to a foreclosure rate of 0.0003%. (99.9997% success rate).
Facts show the 0.0003% foreclosure rate nation wide coincided with areas hardest hit by the highest home foreclosure rates such as California, Georgia, Florida & Michigan.
Church are a solid investment for lenders and the community.
  Home Avoiding Problems Design/Build Financing Projects About Us Contact  
  Website Design & Hosting By Charles Hanger Construction, Inc    
  Novaweb Internet