The attorneys at Penwell Bowman + Curran have had the unique and rewarding opportunity to work with a unique brand of non-profit, church extension funds, in all aspects of their businesses. In the highly specialized church extension fund industry, the church extension fund exists to support its denomination’s affiliated churches and related religious organizations. In that regard, one of the primary objectives of the church extension fund is the offer and sale of notes. The proceeds from the annual sale of notes are used by the church extension fund to fund loans to finance or refinance the purchase, construction or improvement of church property or related capital expenditures or the operational needs of those affiliated churches and related religious organizations.