Churchill Stateside Group Team & Affiliates
CSG’s principals are industry veterans who have demonstrated lengthy commitments and successful track records. In fact, our entire team is exceptionally experienced. We’ve all worked hard to establish the connections necessary to finance and build real estate while structuring sound solutions that benefit our investor clients. Our business has always been about creating lasting partnerships. What this means for you is a partner that opens the lines of communication, thinks creatively, and approaches your financing needs in a flexible yet straightforward way.
Expect direct communication and innovative solutions from our professional team.
In 1988, Mr. Gloeckl and two associates purchased the company and created a group of companies that became known as The Midland Companies. The companies specialized in construction, permanent and equity financing for conventional and affordable multifamily apartment complexes nationwide with an emphasis on tax credit properties. During this time, Mr. Gloeckl served as President and Chief Operating Officer of the organization, which grew to over 150 employees in 7 offices across the country. In addition to Midland’s long standing relationships with large municipal pension funds, Midland became a Fannie Mae DUS Lender and FHA/MAP underwriter which broadened the investment base options for its clients.
In 1999, Mr. Gloeckl and his associates sold The Midland Companies to MuniMae (NYSE:MMA), and the company became known later as MMA Financial. Mr. Gloeckl continued to serve the company and its clients as Chief Investment Officer and a member of Senior Management Committee. During his tenure with MMA, Mr. Gloeckl was responsible for a range of functions across all debt and equity product types for all real estate finance business, as well as the supervision of Production, Underwriting, Closing, Secondary Markets, Tax Credit Origination, and various product development and management initiatives. Mr. Gloeckl also served as Trustee of the MMA Affordable Housing Group Trust and the MMA Multifamily REIT where he worked with various pension fund groups and proprietary funds.
Mr. Gloeckl departed MMA Financial in 2005 and founded Churchill Financial which eventually became known as Churchill Stateside Group (CSG). The company initially focused on Multifamily Affordable Housing Finance and added Renewable Energy Finance providing both debt and equity for both business lines. Mr. Gloeckl serves as Chief Executive Officer. Since the formation of Churchill the company has grown to become a HUD MAP Lender, RD 538, Ginnie Mae Seller/Servicer, Construction Lender, Bond Underwriter and provides Equity & Debt products for the Commercial Solar Renewable Energy sector.
Since 1992 Mr. Gloeckl has been instrumental in the syndication of more than $1 billion of federal low income housing tax credits. Mr. Gloeckl is a member of the Mortgage Bankers Association of America. Mr. Gloeckl has served as an officer for organizations such as Council for Affordable and Rural Housing, the Florida Council for Affordable and Rural Housing and is a member of various industry organizations. Mr. Gloeckl is a graduate of Walsh University and has served on its Board of Directors.
Mr. Sanderson serves as Chief Operating Officer and Executive Vice President at CSG. As a thought leader in the company, his responsibilities include spearheading new product development initiatives for all available capital sources in the renewable energy, investment tax credit, and corporate financing space. Mr. Sanderson provides the management, leadership and vision necessary to ensure that the company has the proper operational controls, administrative and reporting procedures, and people systems in place to effectively grow the organization and to ensure financial strength and operating efficiency.
In addition to his corporate duties at CSG, Mr. Sanderson leads the Renewable Energy Finance Group and is responsible for the development and financing of over $2 Billion of solar assets throughout the United States. His responsibilities include identifying market trends, strategic investment, and tax credit equity for renewable energy projects through a broad range of financing sources including banks, insurance companies, and non-financial sector investors.
Previously, Mr. Sanderson worked at Churchill Financial and served as Vice President responsible for the origination, analysis, negotiation and placement of Low Income Housing Tax Credit (LIHTC) and renewable energy debt and equity finance investments. He managed many of the day-to-day operations, including overseeing the servicing and asset management of a $100M+ project portfolio, planning and development for Marketing, Finance & Accounting and Technology departments.
Mr. Sanderson graduated from the University of South Florida, where he received his Bachelor of Science degree in Finance and was awarded three varsity letters in football.
As a CFO, Vern completed six debt and equity offerings on Wall Street. In 2003, Vern formed Capital Life Cycle Inc., an advisory firm serving both traditional financial services companies and high growth FinTech firms. Vern held the position of President and Managing Director until joining Churchill in March 2020.
At Churchill, Vern is focused on client needs and strives to develop debt and equity capital strategies to aid our customer’s growth and success.
Vern currently services on the board of directors of two independent financial services firms. He holds a FINRA Series 79 license.
Prior to joining CSG, he was employed by AmeriNational Community Services as Director of Multifamily Services and by Oak Grove Capital as a Deputy Chief Underwriter. Prior to these positions, Mr. Tilley was employed for more than ten years by MMA Financial/The Midland Companies. During his tenure with MMA Financial/The Midland Companies, Mr. Tilley held the title of Fannie Mae Chief Underwriter and was in charge of staff ranging from 7 to 25 professionals responsible for underwriting, closing and servicing multifamily debt and equity investments. Prior to MMA Financial/The Midland Companies, Rex was employed by AmSouth Bank and Glendale Federal Bank in their real estate valuation departments.
Mr. Tilley holds a Bachelor’s degree in Finance from Florida State University and is a Certified General Real Estate Appraiser in the State of Florida.
Prior to CSG, Mr. Dedek was the divisional chief financial officer with the Credit Suisse Tax Credit Group (CS) responsible for the general financial management and the oversight of the family of CS tax credit funds in excess of $850 million of invested equity. Before joining CS, Mr. Dedek spent seven years with the affordable housing and mezzanine debt and equity divisions of KeyBank Real Estate Capital Private Equity Group as its chief financial officer managing invested equity in excess of $1.3 billion. Mr. Dedek began his career at KPMG departing as a Manager in the audit practice.
Mr. Dedek holds a Bachelor of Science degree in Business Administration with a major in accounting from John Carroll University and is a Certified Public Accountant.
Prior to joining CSG in 2013, Mr. Duda served as a Financial Analyst at Investors Bank in New York City. He focused primarily on originating and underwriting multifamily, mixed-use, retail, and industrial loans in the Northeast. He holds a Bachelor of Science degree in Finance from East Carolina University. Mr. Duda sits on the Board of the National Housing & Rehabilitation Association (NH&RA) and Rural Multifamily Lenders Council (RMLC) In addition, he is a frequent speaker at many industry events across the country.