The Churchill Companies Announce its Partnership with St. James Capital, LLC

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Churchill expands its lending solutions for multifamily real estate developers to include FHA HUD/MAP lending capabilities. St. James Capital to become a minority owner in a strategic partnership designed for competitive advantages in the multifamily lending marketplace.

The Churchill Companies, financiers of commercial and multifamily real estate and renewable energy installations, announces its partnership with St. James Capital, LLC; effective May, 1 2010. St. James Capital, LLC, a Federal Housing Administration (FHA) approved HUD/MAP Lender, will own a minority interest in Churchill Financial. The companies will work together to originate and close FHA insured apartment loans. Churchill will work with its clients throughout the process of securing HUD financing. Churchill’s expansion into FHA lending does not signify it is new to the HUD marketplace as Keith Gloeckl, Churchill’s founder, has more than 20 years of experience managing, originating, underwriting and closing HUD loans.

Both companies offer real estate developers access to a variety of sources of capital for construction, substantial rehabilitation, acquisition or refinancing of apartment properties that are affordable or market-rate communities.

St. James Capital, LLC, is a privately held Michigan company specializing in multifamily housing finance and has served developers nationwide for more than 11 years. St. James principals have combined experience of over 50 years in multifamily finance. “My partner, Nancy Ludwick, and I have known Keith for over twenty years and are excited to be working with him and his team,” stated Mark Wiedelman, President of St. James.

Keith J. Gloeckl, President and Chief Operating Officer of The Churchill Companies stated, "We are extremely pleased to partner with such an experienced FHA lending team. Expanding our product line is another way to deliver excellent service for our clients."

About The Churchill Companies
The Churchill Companies are a full-service mortgage-banking firm with its office in Clearwater, Florida. The company specializes in providing financing for commercial real estate and renewable energy installations.

Churchill Financial LLC is a member of Q10|Capital LLC and benefits from a national infrastructure enabling immediate access to real time financing data from across the country. In the past three years, Q10|Capital companies have produced over $16.5 billion in commercial finance transactions and currently service over $17 billion in commercial mortgage loans. For more information, please contact Devin Sanderson by calling (727) 461-2200.

About St. James Capital
St. James Capital, located in Bloomfield Hills, Michigan, specializes in multifamily financing for non-profit and for profit developers/owners. Debt and equity financing includes new construction, substantial rehab, acquisition and refinancing of both affordable and market rate properties.

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Devin Sanderson

Mark Wiedelman
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