For purchases, use restrictions are a common pitfall.  Often, ministries have trouble getting a conditional use permit. This can be due to things like parking requirements or changes in use from buyer and seller.

Financing construction projects has its own set of risks. Some of those are part of any major construction project.  You can learn more about those risks here.

If you’re refinancing, look for any loan terms, covenants, or requirements that could limit your options.  Those could include:

• Prepayment penalties
• SWAP agreements
• Changing offsetting balance requirements.

The Credit Union doesn’t have any of these provisions. We always strive for win-win relationships.

You can learn more about how we view banking relationships here.