Churchill Stateside Group Appoints New Vice President, Investor Relations and Senior Vice President

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CSG continues to grow and strengthens Tax Credit Equity and HUD Production teams

The increasing demand for tax credit equity in LIHTC, Renewable Energy and Historic led us to look for an addition to our team who will fit in with our ethos of innovation and exceptional service

Churchill Stateside Group (CSG) is pleased to announce David Carr has joined the CSG team as Vice President, Investor Relations to further develop and manage the growing tax credit equity investor base. In addition, CSG welcomes Edward “Skip” Santos as Senior Vice President to focus on originating HUD-FHA multifamily and other CSG loan products.

Mr. Carr has over 25 years’ experience as a senior financial manager focused almost exclusively on tax structured investments. He most recently was a Principal and CFO of Hunter Chase & Company, a real estate private equity company. Mr. Carr had primary responsibility for Hunter Chase’s New Markets Tax Credit Program, where he was accountable for raising and managing $134 Million in NMTC structured investments.

Prior to joining Hunter Chase, Mr. Carr held the position of COO for Key Housing Capital’s (“KHC”) Tax Advantaged Equity Group. Mr. Carr had direct responsibility for syndicating, structuring and negotiating in excess of $1 Billion in Low Income Housing Tax Credit investments. Prior to joining Key, Mr. Carr was a partner at The Boston Financial Group, a national LIHTC syndicator, acting as controller for the Property Management division. Mr. Carr is a retired CPA, having started his career at Ernst & Whinney, leaving as a Tax Manager. He graduated with honors from the University of Massachusetts, Amherst with Bachelors Degree in Business Administration.

Devin Sanderson, Chief Operating Officer and Executive Vice President of Churchill Stateside Group said, “David’s wealth of experience and industry knowledge has already made him a key addition to the CSG family. The increasing demand for tax credit equity in LIHTC, Renewable Energy and Historic led us to look for an addition to our team who will fit in with our ethos of innovation and exceptional service, and it is very fortunate what we are able to find someone of David’s caliber to fulfill this role.”

Edward “Skip” Santos is a Senior Vice President and will focus on originating multifamily loans to be processed through the HUD-FHA MAP Program and is based out of New Orleans, LA. Mr. Santos began his banking career at Hibernia National Bank in 1989 in Credit Analysis where he received formal credit training. As a commercial lender he specialized in Mortgage Warehouse and Commercial Real Estate lending. During 2000, Mr. Santos became the bank’s chief originator for a partnership between Hibernia National Bank and Standard Mortgage of New Orleans focusing on the origination of multifamily loans to be placed in the permanent market through FNMA and conduits.

Since 2001, Skip has concentrated on multifamily loan requests processed through the HUD MAP Program with responsibilities including origination, underwriting, and issuance of GNMA securities.    His experience in multifamily lending include: Historic Tax Credits, LIHTC, affordable, market rate, and healthcare properties. Mr. Santos received his B.S in Accounting from Louisiana Tech University and an M.B.A from Loyola University.
“Skip comes to us with extensive experience in HUD and provides CSG with deep HUD production experience that will benefit our clients and entire staff,” states Keith J. Gloeckl, Chief Executive Officer of Churchill Stateside Group.

About Churchill Stateside Group

Churchill Stateside Group (CSG) and its wholly owned affiliates serve the affordable housing and renewable energy industries. CSG pursues high quality lending and investment opportunities across the nation. The company, through its subsidiary Churchill Mortgage Investment LLC, is an approved USDA Rural Development and HUD/FHA MAP lender and Ginnie Mae Issuer. CSG sponsors tax credit equity investment funds for institutional investors and provides a variety of construction and permanent financing solutions. The company's investor and developer clients benefit from our experienced staff, prominent and proactive senior leadership, and attractive debt and equity platforms.

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Media: Michelle Holguin
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