Project Category: multifamily

Project: The Havens at Oxford Completed: Under Construction; to be completed 2023 Project Type: New Construction Location:  Oxford, NC The Havens at Oxford will be a new-construction affordable housing development to contain 60 apartment units catering to senior tenancy. Churchill Financing: USDA Option 3 Construction Advance Loan – $2,230,000 Equity Bridge Loan - $6,023,520

Project: Meadows at Troutman Completed: Recently Completed 2022 Project Type: New Construction Location:  Troutman, NC Meadows at Troutman is a recently completed 84-unit affordable housing community catered towards family tenancy. Households must earn either less than 50% or 60% of the area median income to qualify for these units. Churchill Financing: USDA Rural Development 538 [...]

Project: Holly Tree Grove Completed: Under Construction; to be completed 2023 Project Type: New Construction Location:  Benson, NC Holly Tree Grove will be a newly constructed 48-unit community catering to senior tenancy in Benson, NC. Churchill Financing: USDA Rural Development 538 Option 3 Construction Advance Loan - $2,150,000

Project: Vernon Pioneer Crossing Completed: Under Construction; to be completed 2023 Project Type: New Construction Location:  Vernon, TX Vernon Pioneer Crossing will be a newly constructed 64-unit community catering to family tenancy in Vernon, TX. Churchill Financing: USDA Rural Development 538 Option 3 Construction Advance Loan - $3,000,000

Project: Fern Grove Completed: Under Construction; to be completed 2023 Project Type: New Construction Location:  Orlando, FL Fern Grove Apartments are a 138-unit, new-construction affordable housing community catered to senior tenancy in Orlando, FL. The homes will be constructed utilizing Federal Low-Income Housing Tax Credit Equity and conventional loan financing. Churchill Financing: Forward Permanent Loan [...]

Project: Tranquility at Ferry Pass Completed: Under Construction; to be completed 2023 Project Type: New Construction Location:  Pensacola, FL Tranquility at Ferry Pass will be a 36 unit apartment complex located in the City of Pensacola, Florida. The development will consist 36 three-bedroom units and will serve incomes below 35% and 60% of the area [...]

Project: Grande Oak Completed: Under Construction; to be completed 2023 Project Type: New Construction Location:  Williamsburg, VA Grande Oak is a new-construction, 49-unit, affordable housing community catered towards senior tenancy in Williamsburg, VA. Churchill Financing: USDA Rural Development 538 Option 3 Construction Advance Loan - $4,725,000

Project: Pine Crossing Completed: Under Construction; to be completed 2022 Project Type: New Construction Location:  Valdese, NC Pine Crossing apartments broke ground in summer 2021 is expected to be completed in 2022. The community will consist of 66 units catering to family tenancy. The capital stack consists of a USDA Rural Development 538 Option 3 [...]

Project: Burlington Commons Completed: Completed late 2022 Project Type: New Construction Location:  Knoxville, TN Burlington Commons consists of 50 units catering to family tenancy. The improvements were constructed utilizing equity from the sale of 4% Low Income Housing Tax Credits; issuance of private activity bonds; and, CSG’s Private Tax Exempt Loan Program. Churchill Financing: Unfunded [...]

Project: Central Terrace Completed: Under Construction; to be completed 2023 Project Type: New Construction Location:  Knoxville, TN Central Terrace is a new construction affordable housing development to contain 112 apartment units catering to family tenancy. Churchill Financing: Tax-Exempt Construction Loan – $16,000,000 Unfunded Forward Permanent Commitment - $11,280,000