Articles from Churchill Stateside Group, LLC

Churchill Stateside Group, LLC (“CSG”), a real estate and renewable energy financial services company, is proud to announce the closing of a $7,865,000 forward-committed permanent loan for The Reserve at Hunter Trace, a new 95-unit affordable senior living housing development located in Lancaster, Ohio.

Churchill Stateside Group, LLC (CSG), a real estate and renewable financial services company, is proud to announce that Dan Duda, Senior Vice President & National Director of CSG, has become a partial owner of the company. Mr. Duda now joins Keith Gloeckl, CEO, and Devin Sanderson, President, and COO, as part of CSG’s ownership team.

Churchill Stateside Group, LLC (CSG), a real estate and renewable financial services company, is pleased to announce Devin Sanderson's promotion to President and Chief Operating Officer. In this role, Mr. Sanderson will continue to build on CSG’s success and drive the company’s strategic vision and growth initiatives.

Churchill Stateside Group, LLC (“CSG”), a real estate and renewable energy financial services company, is pleased to announce the closing of financing for the preservation and rehabilitation of a 6-property USDA Rural Development 515 portfolio in Kentucky. This portfolio consists of existing apartment communities totaling 221 total units. Churchill Mortgage Investment LLC (“CMI”), a subsidiary of CSG, is providing the $10,130,443 of USDA Rural Development 538 debt for the rehabilitation of these existing communities. Additionally, Churchill Stateside Securities, LLC (“CSS”) is assisting in the bond underwriting of the $14,000,000 of short term tax exempt bond issuance. In addition, the financing includes the allocation of 4% Low Income Housing Tax Credit Equity. All 6 of these multifamily sites will aim to help the preservation of affordable housing in multiple counties throughout the state of Kentucky.

Churchill Stateside Group, LLC (“CSG”), a real estate and renewable energy financial services company, is pleased to announce the closing of financing for the preservation and rehabilitation of a 14-property USDA Rural Development 515 portfolio in North Carolina. This portfolio consists of existing apartment communities totaling 383 total units. Churchill Mortgage Investment LLC (“CMI”), a subsidiary of CSG, is providing the $11,282,000 of USDA Rural Development 538 debt for the rehabilitation of these existing communities, and Churchill Stateside Securities sold $15,200,000 of short-term cash collateralized bonds to financial institutions. In addition, the financing includes the allocation of 4% Low Income Housing Tax Credit Equity. All 14 of these multifamily sites will aim to help the preservation of affordable housing in multiple counties throughout the state of North Carolina.

Churchill Stateside Group, LLC (CSG), a real estate and renewable energy financial services company, is pleased to announce that John DePasquale has been appointed as Vice President of Originations for the Northeast market. John's tenured experience spans over 20 years in commercial banking, financial services and multifamily originations. He has strong roots in the Northeast and has developed meaningful relationships in the broker and multifamily investor communities during his career. His specialization in agency multifamily financing and knowledge of the Northeast housing markets will aid in growing Churchill’s market presence in the region.

Churchill Stateside Group, LLC (“CSG”), a real estate and renewable energy financial services company, is pleased to announce the closing of financing for the preservation and rehabilitation of a 14-property USDA Rural Development 515 portfolio in North Carolina. This portfolio consists of existing apartment communities totaling 383 total units. Churchill Mortgage Investment LLC (“CMI”), a subsidiary of CSG, is providing the $11,282,000 of USDA Rural Development 538 debt for the rehabilitation of these existing communities. Additionally, Churchill Stateside Securities, LLC (“CSS”) is assisting in the bond underwriting of the $15,200,000 of short term tax exempt bond issuance. In addition, the financing includes the allocation of 4% Low Income Housing Tax Credit Equity. All 14 of these multifamily sites will aim to help the preservation of affordable housing in multiple counties throughout the state of North Carolina.

Churchill Stateside Group, LLC (CSG), a real estate and renewable energy financial services company, is pleased to welcome Alex Stillpass as our newest Vice President of Investor Relations at Churchill Stateside Securities, LLC. With over 35 years of financial industry experience, Alex possesses the necessary skills to foster relationships and focus on educating investors in regards to tax credit and tax advantaged investing. His knowledge of Renewable Energy Credits, New Market Tax Credits, Environmental Credits, and State and Federal Tax Incentives, focused programmatic issuance of securities, and structured transactions will provide valuable growth to Churchill’s mission and direction.

Churchill Stateside Group, LLC (“CSG”), a real estate and renewable energy financial services company, is pleased to announce the closing of Deerwood Apartments, a 144-unit new construction community located in Lake Charles, Louisiana. CSG utilized its PUBLIC-TEL Loan Program to facilitate the closing. The financing includes a $20,840,000 Taxable Construction Loan through Churchill Mortgage Construction, LLC (“CMC”), a $4,800,000 Unfunded Forward Tax-Exempt Permanent Loan Commitment, and a $600,000 Equitable Recovery Program Loan Commitment through Churchill Mortgage Investment, LLC ("CMI"), as well as $21,500,000 of short-term cash backed tax-exempt bonds through Churchill Stateside Securities, LLC (“CSS”).

Churchill Stateside Group, LLC (“CSG”), a real estate and renewable energy financial services company, is pleased to announce the closing of Deerwood Apartments, a 144-unit new construction community located in Lake Charles, Louisiana. CSG utilized its PUBLIC-TEL Loan Program to facilitate the closing. The financing includes a $20,840,000 Taxable Construction Loan through Churchill Mortgage Construction, LLC (“CMC”), a $4,800,000 Unfunded Forward Tax-Exempt Permanent Loan Commitment, and a $600,000 Equitable Recovery Program Loan Commitment through Churchill Mortgage Investment, LLC ("CMI"), as well as $21,500,000 of short-term cash backed tax-exempt bonds through Churchill Stateside Securities, LLC (“CSS”).

Churchill Stateside Group, LLC (“CSG”), a real estate and renewable energy financial services company, is pleased to announce the closing of The Summit at Rexburg, a 40-unit new construction Affordable Housing community located in Rexburg, Idaho. The financing for this closing includes a $8.2MM construction loan provided by Churchill Mortgage Construction (“CMC”) and a $2.7MM unfunded forward-committed permanent loan provided by Churchill Mortgage Investment LLC ("CMI").

Churchill Stateside Group, LLC (“CSG”), a real estate and renewable energy financial services company, is pleased to announce the closing of a 168-unit new construction community located in Morehead City, North Carolina. The financing for the construction of this community includes a $14,236,200 FHA/HUD 221(d)(4) Construction Advance loan and $18,000,000 of short-term cash collateralized tax-exempt bonds through Churchill Stateside Securities.

Churchill Stateside Group, LLC (“CSG”), a real estate and renewable energy financial services company, is pleased to announce the closing of Mountain Glen, a 56-unit 515 rural development community located in Brevard, North Carolina. The financing for the rehabilitation of the community includes a $1,005,000 Bridge Equity Loan, $1,795,000 USDA-Rural Development 538 Loan, a USDA Rural Development 515 loan transfer, and 9% Federal Low Income Housing Tax Credits. Churchill Mortgage Investment LLC ("CMI") is providing the USDA Rural Development 538 loan and Sandhurst Community Capital, a not-for-profit corporation ("SCC") is providing the bridge equity loan.

Churchill Stateside Group, LLC (“CSG”), a real estate and renewable energy financial services company, is pleased to announce the closing of Azalea Park, a 64-unit 9% Low Income Housing Tax Credit development in Summerville, South Carolina. The financing for the rehabilitation of this community includes a $10,600,000 Construction Loan and a $4,850,000 Forward Permanent Loan with a 40-year amortization. This funding, arranged by Churchill Mortgage Construction LLC ("CMC") and Churchill Mortgage Investment LLC ("CMI"), subsidiaries of CSG, marks a significant milestone for the project.

Churchill Stateside Group, LLC (“CSG”), a real estate and renewable energy financial services company, is pleased to announce the closing of the Preserve at Hanover Park in Beaufort, South Carolina. The financing for Preserve at Hanover Park is provided by Churchill Mortgage Investment LLC (“CMI”), a subsidiary of CSG. This $53,875,000 Construction Advance Loan marks the largest USDA-RD 538 loan in U.S. history providing financing for both the construction and permanent phases of this community.