CFS charts a roadmap that will guide you through a 4-Phase process to expand your church. We've travelled this path with other churches and will guide you and your congregation every step of the way.
Phase 1 — Envisioning Your Next Facility
Phase 1 — Envisioning Your Next FacilityCFS helps you convert your expansion Vision into a realistic, achievable and executable Facility Goal. This strategic plan, including financial feasibility, identifies property alternatives, predicts total project costs (soft, hard, financing and outfitting), predicts future giving and church operational expenses (including recommended future operating budgets) and is used to present to prospective donors and lenders alike.
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Phase 2 — Acquiring Real Estate
Phase 2 — Acquiring Real EstateCFS leads you through the identification, acquisition and due diligence of an existing building or undeveloped land site suitable to meet your Vision. CFS will orchestrates the sale of your current church property (if necessary) directly or in tandem with a local real estate broker.
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Phase 3 — Resourcing Your Project
Phase 3 — Resourcing Your ProjectYour resources are comprised of both Equity and Debt.
Equity - CFS assists you in selecting a capital campaign organization that fits your DNA, then remains involved to assure that you are getting everything promised. CFS coordinates all the imaging, videos, and other documentation (budget, cash flows, income projection models) and is available to meet with key donor candidates. If you have property to sell, CFS will lead the marketing and sale effort as your selling broker or hire and oversee the efforts of a local real estate broker.
Debt - CFS will create a Lender Package, then source lender candidates, and negotiate the most favorable loan terms possible. Only when all of the equity and debt Resources have been secured, can your church confidently close on the new property, complete the final design, engineering, cost estimating, and provide the down payment for the new loan.
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Phase 4 — Project Management
Phase 4 As your church’s Owner’s Representative, CFS leads the pre-construction and construction phases. CFS creates and continually updates the Project Schedule and Total Project Cost Budget. CFS helps you to carefully selects the best team of professionals. CFS orchestrates all the activities performed by the architect, general contractor, AVL (audio, visual, lighting) consultant and other professionals. CFS leads the municipal entitlements (zoning, development plan application). CFS leads the project scheduling, cash flow management and lender draw requests. CFS leads the purchase and outfitting of the building with AVL and FF&E (furniture, fixtures and equipment). Finally, CFS coordinates the move to your new church building.