Responsible for originating CSG’s complete line of debt and equity products, including FHA/HUD Multifamily and Healthcare, USDA-RD, forward rate lock commitments & construction loans, as well as 4% and 9% Low Income Housing & Historic Tax Credit Equity.
CLEARWATER, FL,April 20, 2021 — Churchill Stateside Group, LLC (CSG), a real estate and renewable energy financial services company, is pleased to announce the hiring of Eric Shorter, Vice President, Northeast Regional Production Officer; Guy Spieler, President of Churchill Stateside Securities to take on additional responsibilities as the Vice President, West Regional Production Officer; and Allan K. Rugg, Vice President, FHA/HUD Multifamily and Healthcare Finance Officer.
“We are very pleased that Eric, and Guy accepted the VP regional production officer roles for the Northeast and West regions and Allan as the Healthcare Finance Officer. All three team members have excellent knowledge of all of CSG’s debt & equity products and will undoubtedly continue to provide superior customer service to our existing and future clientele,” noted Keith Gloeckl, CEO of CSG.
Eric Shorter is the Vice President, Northeast Regional Officer for Churchill Stateside Group, working from the company’s Providence office. Mr. Shorter is responsible for originating innovative debt and equity solutions for both affordable and market-rate properties across the Northeast region. Prior to joining Churchill Stateside Group, Mr. Shorter was Director of Development for Rhode Island Housing Mortgage and Finance Corporation (RIHousing), Rhode Island’s Housing State Finance Agency where he was responsible for the daily operation of RIHousing’s multi-family lending platform, including all community development investment and loan programs such as the issuance of taxable and tax-exempt bonds for multi-family development, allocation of Low-Income Housing Tax Credits (LIHTC) Program, Federal HOME and Housing Trust Funds, and other corporation and state multi-family debt and subordinate financing sources.
Guy Spieler accepted the position of West Regional Production Officer where he will be originating debt and equity solutions for both affordable and market-rate properties across the West region. In addition, he will continue to serve as the President of Churchill Stateside Securities, LLC with over 30 years of municipal bond experience. He is responsible for underwriting of bonds created through 4% LIHTC projects for Churchill Stateside Securities institutional accounts and for expanding the bond underwriting/trading platform as additional opportunities are presented. At his most recent firm in Chicago, Guy opened an office and started a municipal bond underwriting group that participated in over 400 municipal bond transactions. These municipal bond deals totaled over $5.6 billion in par amount in the most recently completed calendar year. In addition to his underwriting role, Mr. Spieler was also a secondary trader in the municipal bond market working with five institutional salespeople as well as 30 generalists. Previous major firms where Mr. Spieler worked include Lehman Brothers, Banc One and Incapital LLC. Mr. Spieler graduated from the State University of New York at Buffalo and holds B.S. in Business Administration. He currently holds Series 7, 24, 50, 53, 54 and 63 licenses.
Allan K. Rugg is an HUD/FHA Originator for Churchill State Group working from the company’s Maryland office. He is responsible for originating HUD insured mortgage loans for multifamily, senior housing projects and healthcare facilities. Allan’s clients include developers and owners of market rate and senior housing projects as well as assisted living facilities and skilled nursing facilities. Allan has 38 years of experience in commercial real estate loan originations which includes 21 years originating FHA/HUD Multifamily and Healthcare Finance. In addition is also an experienced FHA underwriter and has held both MAP and Lean designations with HUD. Prior to joining Churchill State Group, Allan worked as FHA/HUD originator for Gershman Mortgage, Cosmopolitan Capital Funding L.L.C., Great Lakes Financial Group L.P, Arbor Commercial Mortgage L.L.C., Evanston Financial Corporation, MMA Financial L.L.C. and Quaker Capital L.P.
“The addition of Eric, Allan, and Guy to CSG’s Acquisitions and Originations team is significant as they bring a great deal of industry experience. We are excited for them to be a part of the team and look forward to see their success.” stated Daniel Duda, Senior Vice President National Director of Originations and Acquisitions.
Eric Shorter VP – Northeast Regional Production Officer: Eric Shorter is the Vice President, Northeast Regional Officer for Churchill Stateside Group, working from the company’s Providence office. Mr. Shorter is responsible for originating innovative debt and equity solutions for both affordable and market-rate properties across the Northeast region. Prior to joining Churchill Stateside Group, Mr. Shorter was Director of Development for Rhode Island Housing Mortgage and Finance Corporation (RIHousing), Rhode Island’s Housing State Finance Agency where he was responsible for the daily operation of RIHousing’s multi-family lending platform, including all community development investment and loan programs such as the issuance of taxable and tax-exempt bonds for multi-family development, allocation of Low-Income Housing Tax Credits (LIHTC) Program, Federal HOME and Housing Trust Funds, and other corporation and state multi-family debt and subordinate financing sources.
For more information about CSG’s multifamily finance programs and services, please contact Dan Duda, SVP and National Director of Originations and Acquisitions, at (727) 269-5198 or via email at dduda@csgfirst.com.
About Churchill Stateside Group
Churchill Stateside Group and its wholly owned affiliates (CSG) serve the affordable housing and renewable energy industries. CSG sponsors tax credit equity investment funds for institutional investors and provides a variety of construction, permanent, and bondfinancing solutions. With over $3 Billion of assets under management, CSG has long-standing and successful investment relationships with numerous corporate investors and pension funds. The company’s investor and developer clients benefit from our experienced staff, prominent and proactive senior leadership, and attractive debt and equity platforms. The company, through its subsidiary Churchill Mortgage Investment LLC, is an approved USDA Rural Development and HUD/FHA MAP and LEAN lender and Ginnie Mae Issuer.
© 2021 Churchill Stateside Group. All rights reserved. Churchill Stateside Securities, LLC is a wholly-owned by Churchill Stateside Group, LLC. Securities are offer though Churchill Stateside Securities, LLC, member FINRA/SIPC. Investing involves the risk of loss. Past performance is not indicative of future results.
For more information, please visit www.CSGfirst.com.
Read the press release here.