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American Church Mortgage offering investor certificates

American ChurchMortgage Co. has filed a prospectus related to a best effortsoffering of $10 million of its series D secured investor certificates.

The company estimates total proceeds of $9.5 million. The companymay offer certificates with five, seven, eight, nine, 10, 11, 12, 13, 14 and 15year maturities. Interest on the certificates will be paid quarterly.

The company will use the proceeds principally to fundmortgage loans it makes to churches and other nonprofit religious organizationsand to purchase bonds issued by those organizations. Some of the proceeds maybe used to redeem equity securities and repay maturing certificates.