Unfunded Forward Permanent Commitment for an Affordable New Construction project in Florida.
ORLANDO, Fla. November 18, 2022 — Churchill Stateside Group, LLC (CSG), a real estate and renewable energy financial services company, has provided financing for a 138-unit, new-construction affordable housing project catered to senior tenancy in Orlando, FL. The improvements will be constructed utilizing Federal Low-Income Housing Tax Credit Equity and conventional loan financing. CSG will be providing a $9.57 MM permanent loan commitment.
Michael Spain, Vice President of the Southeast region for CSG, said, “We are proud to participate as the permanent lender on another Private TEL in the city of Orlando, Florida. We look forward to the completion of this 138-unit new construction project that will help serve the demand for safe affordable homes in the Orlando community.”
Keith Gloeckl (GLEK-el), Chief Executive Officer of CSG, added, “As always Churchill is pleased to deliver financing for much needed affordable housing to the Senior’s Market in Orlando, FL.
If you would like 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 firstname.lastname@example.org.
About Churchill Stateside Group
Churchill Stateside Group (CSG) and its wholly owned affiliates serve the affordable housing and commercial renewable energy industries. CSG sponsors tax credit equity investment funds for institutional investors and provides a variety of construction, permanent, and bond financing 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.
For more information, please visit www.CSGfirst.com.
Read the press release here.