Tag Archives: financing for post frame buildings

How to Qualify for a Mortgage for a Post Frame Barn

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Qualifying for a mortgage for a post frame barn, equestrian center, or other agricultural building is not so different than for any other building. However, because the completed cost and operating expenses of a post frame barn are often less than with commercial or steel buildings, qualifying may be simpler.

In fact, some lenders specialize in financing post frame or post-and-beam agricultural and commercial buildings and even post frame residences.

Quality Construction Merits Financing

With today’s techniques and materials, modern post frame structures can meet FNMA approval and fixed rate requirements if they are to be, even partially, designated as a residence.

But future owners of post frame barns used strictly for agriculture can have an easier avenue today to secure full financing. The key is to shop around for a bank that specializes in this type of financing.

We recommend these financial companies:

  • The First National Bank of Monterey

    1049 Lakeshore Drive
    Culver, IN 46511
    574-842-5142
    www.fnbmonterey.com

  • First Farmers Bank & Trust

    123 N Jefferson Street
    Converse, IN 46919
    765-395-3316
    www.ffbt.com

  • 1st Source Bank

    PO Box 1602
    South Bend, IN 46634
    574-235-2000
    www.1stsource.com/li>

Many banks across the country understand the value that a practical and long-lasting post frame barn brings to an active farming business.

Check out your options before you proceed.

HELOC Borrowing Option

Always a practical option for a homeowner with sufficient equity in their residence, a Home Equity Line of Credit (HELOC) may allow you to borrow the necessary amount to construct the post frame barn by using your home equity as security.

The potential benefits of a HELOC are:

  • Typically, a lower interest rate for a longer period
  • Interest is often tax deductible, same as your home mortgage
  • Secured loans are easier to obtain
  • Risk is low since the value of your property or business will increase by at least the amount of the loan
  • Once a HELOC is opened, you may borrow against it again in the future as you pay down the existing balance

Paying Cash

Saving and paying cash is always an acceptable option for paying for a new post frame barn. You might tap your savings or sell some unneeded assets, and the benefit is that you will not have recurring payments. As a result, 100% of the building belongs to you or your business from the outset.

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Financial Benefits of a Well-Designed Post Frame Barn

Whether you choose a loan or pay cash, post frame construction is often the least-cost way to proceed for several reasons:

  • Lower Cost. Cost-per-cubic-foot is often less than other construction methods due to efficient use of materials and labor, lower energy usage, shorter time to completion, and frequently less site preparation.
  • Right-Sizing and Expandability. Post frame buildings can be built for present and near-future needs, keeping in mind that expansion is a simple process. Because the vertical supports are widely spaced, adding to your original building is easier with post frame buildings.
  • Lower Energy Costs. Due to the wide spacing of the vertical posts, the sides and ceilings of post beam buildings are more uniformly insulated.

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Contact Pacemaker Post Frame Buildings

For questions about the design or recommendations regarding the financing of a new post frame barn, contact the experts at Pacemaker Post Frame Buildings. Located in Northern Indiana and serving Northern Indiana, Southwest Michigan, and Northwest Ohio.  Pacemaker designs, manufactures, builds, and consults for post frame structures.

Common uses for Post Frame Buildings:

  • Agricultural
  • Equestrian
  • Commercial
  • Municipal
  • Residential

For over four decades, the Pacemaker professionals have helped forward the technology and applications of modern, durable, and attractive post frame buildings.

Visit the Pacemaker website to see examples of their many extraordinary projects.

Or, phone the Pacemaker professionals with any questions at 888.834.4448.

For Commercial Storage, Agricultural Structures, and Homes, Post Frame is the Best Answer

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Storage facility owners, commercial and retail businesses, and agricultural concerns require durable, economical, and attractive buildings. The same is true for homeowners who are planning to build a residence that is energy efficient, affordable, flexible, and blends well with the surroundings. Pacemaker Post Frame Buildings offers an ideal solution from their Northern Indiana headquarters, serving the Great Lakes region of Indiana, Michigan, Ohio.

Moreover, Pacemaker can recommend affordable financing through “hometown” institutions to either buy or lease the new construction. These highly credible lenders work with owners to secure the best funding possible to address cash flow and tax liability issues.

Pacemaker Post Frame Buildings is a premium supplier and builder of post frame structures. The company has been producing quality buildings for over 40 years, employing a diverse team of skilled employees plus in-house manufacturing to deliver precisely what the customers need.

Examples and Feedback for Pacemaker Projects

Commercial Storage in Syracuse, Indiana: The Pack Rat Storage Inc.
“Pacemaker has been a competent and enjoyable Partner in our ability to build the 20+ buildings housing 400+ storage units in the Lakeland area.”
Various sized storage structures.

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Commercial Building in Merrillville, Indiana: Size: I&C Enterprises.
 “Great job and on time…I would recommend Pacemaker Buildings…Very Service oriented… Thanks”
60’x117’x12’ Slope: P-6 4/12

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Suburban Storage, Bourbon, Indiana: Size: 30’x60’x12’ Slope P-6 4/12  Slope-P-6 4/12
“We were very impressed with everyone…and thankful that we went with Pacemaker…Thank you”  Richard and Tami

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Suburban Residence, Syracuse Indiana: Size: 40’x78’x18’ Slope: P-6 4/12
“I am very pleased with the building and plan to move in next week…thank you”
John & Sarah

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Agricultural Building, Mishawaka, Indiana: Size: 66’x128’x17’ Slope: P-8 4/12
“Value vs. Cost…We have recommended you to others…Our third building with Pacemaker…Thanks”
Jim

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These beautiful and highly functional post frame buildings can be viewed on the Pacemaker website.

Characteristics of Post Frame Private Homes

One of the primary advantages of post frame construction is the design flexibility and adaptability to unique sites. In a setting with a panoramic view, for example, the design of a post frame home allows for expansive unbroken vistas without the usual interior obstructions. Moreover, as the family size grows and recedes, the ability to change the floor plan and add or subtract rooms is substantially easier with post frame construction. The elimination of interior load-bearing walls accommodates design changes with few complications.

Also, a post frame residence can be as beautiful as any other home. Because post frame is simply a framing alternative, any exterior cladding or architectural feature that is available for “stick frame” homes may be added to a post frame house.

Agricultural Buildings

Barns, stables, and storage facilities require wide, clear space for managing animals, vehicles, and high volumes of supplies and feed. By creating a structure with no interruptions from weight-bearing columns, normal agricultural activities are handled more efficiently. Plus, owners have greater cubic space utilization within the structure.

Financing a Modern, Functional and Beautiful Post Frame Building

Pacemaker knows that financial decisions and financing are an integral part of the construction and development process. With close working relationships with several “hometown-style” financial institutions, Pacemaker can direct clients to lenders who understand their clients’ needs and can help work through decisions like buying or leasing, tax considerations, and mortgage matters.

Check out some of the preferred financial institutions on the Pacemaker Buildings Funding Page. Some of the preferred lenders are:

  • 1st SOURCE BANK
    South Bend, Indiana
  • FIRST NATIONAL BANK OF MONTEREY
    Culver, Indiana
  • FIRST FARMERS BANK & TRUST
    Converse, Indiana
  • SCI LEASING COMPANY
    Sheridan, Indiana

Contact Pacemaker Post Frame Buildings

A leader in the post frame construction industry in the Midwest, Pacemaker has over 40 years’ experience in developing, producing, and marketing the high-quality materials that make the building process faster, more efficient, and less expensive. These durable buildings designed for agricultural, residential, municipal, or commercial use can be the best answer for any application.

The experts at Pacemaker take pride in their collaborative approach always focused on the clients’ needs. For more information, call Pacemaker Post Frame Buildings at 1-888-834-4448.

Building and Financing a Beautiful and Practical Post Frame Building

Building-and-Financing-a-Beautiful-and-Practical-Post-Frame-Building-315Durable, attractive, functional, and affordable, post frame buildings offer many advantages over more conventional construction methods. More than ever, homeowners, retailers, and farm and equestrian managers are turning to post-frame construction to solve their challenges.

Post frame structures are no longer the simple pole barns of the past. These highly engineered and beautifully adorned buildings are as attractive as any other building while offering many practical advantages.

Moreover, financing can be simple. In our low-interest-rate environment, many lenders in the area are excited to help you build your new home, construct a commercial facility, add additional storage, or build a new barn or horse stables using post frame construction methods. A retailer like an automobile dealership may find the necessary financing from reputable local lenders to grow their businesses with beautiful, wide-open display space.

Advantages of Post Frame Structures

  • Design Flexibility: Post frame structures do not incorporate permanent load-bearing walls within. This feature allows owners to reconfigure the space with minimal physical restrictions. Additions to the structure are far more straightforward as well since the vertical posts are usually eight feet apart at least.
  • Open, Clear Space: For auto dealers, fire stations, retail businesses, equestrian centers, agricultural buildings, and even private residences, post frame buildings are ideal for creating plenty of space to maneuver vehicles and animals while providing broad, unobstructed views.
  • Durability: Post frame buildings often endure high wind and storm conditions better than other structures. Because the vertical posts are sunk and anchored at least four feet below the ground, the force of high winds channels the energy directly into the ground below.
  • Lower Cost: Less material, less labor, fewer specialized workers, and shorter time to completion often equals lower cost.
  • Time to Completion: Because of the simplicity of design and less material required, post frame structures can often be completed in less time than conventional “stick” frame buildings.
  • Easy Financing: Many area lenders look forward to helping meet the needs for new construction or expansion.

Client Endorsements for Pacemaker Project Showcase

Below are just a few examples of the versatility of post-frame construction and the collaborative, customer-focused efforts exhibited by Pacemaker Post Frame Buildings:

Equestrian Center in Mishawaka, Indiana:  Dimensions: 66’ x 144’ x 15’ on P-8 4/12 Slope.
“Pacemaker was great…they made several extra visits and their design suggestions and knowledge made our project. The crew was outstanding…we are so pleased…Thanks for our perfect project. ”  Trace & Ann

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Suburban Home in Edwardsburg, Michigan: Dimensions: 45”x90’x12’ on P-6 4/12 Slope.
“One of the best experiences we have ever had… They took very good care of us…I would recommend Pacemaker to anyone…Thanks” Ken & Pam

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Agricultural Building in Buchanan, Michigan: Dimensions: 36’x48’x13’ on P-6 6/12 Slope.
“I want to thank you and your excellent crews for constructing the superb building that now graces our 163-year old Sesquicentennial Family Farm. Your team performed excellent work, were always courteous, kept the work site clean and organized. Thank you, Jack!” Richard & Mary

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Automotive Showroom Addition in Ligonier, Indiana: Dimensions: Various.
“Excellent company to work with…our addition is even better than we anticipated…thanks we will continue to use you for our future expansions.” Burnworth Zollers, Inc

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Suburban Personal Storage Facility in Nile, Michigan: Dimensions: 26’x36’x9’ on P-6 4/12 Slope.
“Highly recommend to anyone looking to build to choose Pacemaker…The Pacemaker staff, construction of our building and Jack’s commitment far exceeded our expectations…keep up the good work.” James & Katherine

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Visit the Pacemaker website’s Gallery of completed projects to see the many applications and successes of Pacemaker’s post frame construction. If you have questions regarding this highly functional and beautiful construction method, phone Pacemaker at 888.834.4448.

Financing Options

Whether expanding or building new, the question of how to pay for it is always present. In Northern Indiana and Great Lakes region, Pacemaker and their clients work with several high-quality lenders, each with a sensible business support approach. Pacemaker also believes in taking the “hometown approach” with lenders who better understand their client’s financial environment.

Check out the funding information and lenders on Pacemaker’s Financial Page on their website. Whether you choose to buy or lease your new building, home, or addition, these lenders will assist in accommodating your cash flow. Here are three excellent choices for helping turn your objective into reality:

  • SCI LEASING GROUP
    Sheridan, Indiana
  • FIRST NATIONAL BANK OF MONTEREY
    Culver, Indiana
  • FIRST FARMERS BANK AND TRUST
    Converse, Indiana

For further assistance, contact the professional at Pacemaker Post Frame Buildings at +1-888-834-4448.