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Ways to Finance your New Post Frame Building in Colorado

Now that you have your heart set on putting up a new post frame building, let’s talk money. Can you pay cash? Garage, shop, horse barn with the bells and whistles may send you for at least a partial loan. Or are you planning to get a construction loan of sorts?

If you are prepared, you will easily pull off the financing challenge. You will need to show potential lenders that you have a clear, well-thought plan. Your pole building construction company can give you a solid plan and much of the information that you need to get ready.

1.  Floor plan drawings
2.  Elevations
3.  Detailed comprehensive pricing for the pole building and construction

Search for the Best Lender

To come upon the best lender for your new post frame building, you might need to do a little bit of searching. Although pole barns and post frame building methods have been around for over 50 years, they are far less common than traditional building methods. Some banks are more familiar with this recent construction method that others.

Interview a few lenders to find one that can give you all-in-one service. Stay away from those who force you to communicate separately with the construction department and the mortgage department. Go to the pole building experts. And, if you will be stretching your financial capacities, make sure your lender is backed by Fannie Mae.

Your Financial Confidence

Dig into your finances and your budget to come up with the maximum cash outlay you are willing to give to this project. Now figure out how much you’d feel most comfortable parting with from your savings and investments. This will help you speak confidently with any type of lender.

Why do the custom pole buildings by our supplier Lester Buildings typically cost less than a traditionally framed building? We have eliminated the need for interior costs and load bearing walls. We offer large open spans and soaring ceilings with the capacity to add a second floor. The buildings are also easy to maintain and come with a Lifetime Structural Warranty.

Pole Building Lenders

A few lenders specialize in the financing for new pole buildings. Alan Lierz of New Century Bank is one of them according to the blog on the Lester Buildings website entitled, “How Do I Finance My Pole Barn Home?” Other banks and credit unions are willing to get involved in good plans for a new post frame building.

Colorado Builders Post Frame Construction

If you’re looking for a post frame builder in Central Colorado, Sapphire Construction, Inc. can help. For information about one-stop shopping for a post frame building, contact Sapphire Construction, Inc. at (303) 619-7213. Headquartered in Douglas County, our team custom designs each building using high-quality, engineer-tested materials from Lester Buildings. Check out the project library at lesterbuildings.com.