Warner Represented CDF Capital in $750 Million Offering

Warner Norcross + Judd LLP represented Church Development Fund, Inc., d/b/a CDF Capital (“CDF Capital”) in its offering of up to $750 million of time certificates and flex certificates for the 2024-2025 offering period. CDF Capital is a California nonprofit religious corporation and 501(c)(3) based in Irvine, California. For more than 70 years, CDF Capital has worked to provide Christian churches, ministries and Christian educational institutions across the United States with the financial capital they need to acquire, renovate and build their facilities. CDF Capital will use the funds raised in the offering of certificates primarily to make loans to these borrowers for those purposes. "CDF benefits from the expertise, responsiveness and strategic guidance provided by Warner,” said Anna Bedley, senior vice president, Loans & Compliance of CDF Capital. “They consistently work with us to navigate complex church extension fund advertising and registration requirements. They've proven to be not just a trusted advisor but also an essential part of our team." This national securities offering was made pursuant to federal exemptions from securities registration available for charitable organizations and pursuant to registration or exemption of the securities in each of the applicable states. The Warner transaction team was led by Sarah Harper and included Tim Horner, John Muhs, Dana Dawe, Sherri VanEck and Alex Rey.