Background of our Building Loan

This loan was originated in 2007 to fund a building project. This building project provided the fellowship hall and three floors of classrooms above it, a new nursery wing, and a renovated church office and storage space. We are so grateful for the facility God has provided!

Because of these new facilities, Forcey was able to bring the 6th-8th grades of Forcey Christian School onto our campus to grow the school ministry, provide better space for children and adult Sunday classes, have a fellowship hall for large events, and greatly improve outdated office and nursery spaces.

We are reminded that in all seasons, God has been so good to us at Forcey.

Loan Details & History

We took out a 30-year loan in 2007 with these features:

• It required us to pay off any remaining balance in 2017 and 2027, with a final payoff in 2037. It allowed us to make additional principal payments at any time, which immediately reduced the interest portion of our monthly payment.
• In 2017, God used the generosity of our church family to pay down an additional $850,000 of principal right before the refinance, which decreased the monthly payments by $10,000. 
• In 2021, we reduced our monthly payments due to a better loan rate of 3.99%, which had been the current interest rate until 2027. The new monthly payment was $18,500 per month.
• Sensing a unique opportunity, and prompted by the generosity of church members, we began a loan paydown effort in 2023 with an ambitious goal of $1.3 million. Over $1.35 million was collected!
• Through the entirety of the loan, Forcey never missed a monthly payment.
• With continued generous giving to the loan, in addition to regular monthly payments, the loan was fully paid off and announced in church on September 14, 2025!