Warner Represented The International Pentecostal Holiness Church Extension Loan Fund in $65 Million Offering

Warner Norcross + Judd LLP represented The International Pentecostal Holiness Church Extension Loan Fund, Inc. (IPHC ELF) in the offering of up to $65 million of savings certificates and fixed rate certificates for the 2023-2024 offering period. IPHC ELF is a nonprofit church extension fund that, since 1958, has assisted the International Pentecostal Holiness Church by providing loans and investments to support the denomination’s development. It will use capital raised in the offering of certificates primarily to loan money to local churches, conferences and other institutions of the denomination for their acquisition of property, construction or acquisition of buildings and other capital expenditures or operating needs. According to Travis Lowe, President of IPHC ELF: “Warner provided reliable counsel that reflects their understanding of what we do as a denominational mission-focused lender. All of us at the Extension Loan Fund have come to view our Warner colleagues as trusted advisors, who are seamlessly integrated into our processes. Throughout the offering, John Muhs and his team kept us informed with proactive communication and showed sharp judgment based on our goals and knowledge of the industry and regulatory landscape.” 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 transactional team was led by John Muhs and included Tim Horner, Dana Dawe, Sherri VanEck and Alex Rey.