Church Capital fund ... Faith-Based Investing. [View All]

[TWiley]

Church Capital Fund Raises Rates March 15, 2009
On March 15, 2009 Church Capital Funding, LLC raised the rates on its Certificates of Participation, which were originally issued May 15, 2008. The rates for these certificates (available in 2, 3, 4, and 5-year maturities) have increased from 5.0-6.6% to 5.6-7.35%.

Investing in the Church Capital Fund
The fund is now open for investing by residents in the following states :

Alaska, *California, Delaware, Florida, Georgia, Hawaii, Illinois, Maine, Massachusetts, Minnesota, Mississippi, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, Rhode Island, South Dakota, Texas, Utah and West Virginia.

*There are certain suitability requirements imposed by the Department of Corporations.

The fund is not currently open to residents of other states pending regulatory approval from those jurisdictions.

A wholly owned subsidiary of California Baptist Foundation, Church Capital Funding LLC (also referred to as Church Capital Fund or CCF) was established for the purpose of creating an investment fund from which to extend loans to evangelical churches for the construction and expansion of their buildings.

The Church Capital Fund is administered by Strongtower Financial, a FINRA-registered company

Links and Details here: http://www.churchcapitalfund.com/

They claim to be paying up to 7.35% on "Certificates of Participation". I looked for tax exempt status, and could not find any information on that. I do hope it is not another tax advantage for Evangelical Christianity to take advantage of. Which bonds would Jesus buy?