Unfunded Forward Permanent Commitment for an Affordable New Construction project in Florida
ORLANDO, Fla., Nov. 18, 2022 /PRNewswire-PRWeb/ -- 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 [email protected].
About Churchill Stateside Group
Churchill Stateside Group (CSG) and its wholly owned affiliates specialize in affordable housing and commercial renewable energy. CSG sponsors tax credit equity investment funds for institutional investors and provides a variety of construction, permanent, and bond financing solutions. With more than $3 billion under management, CSG maintains long-term relationships with many corporate investors and pension funds. Apart from the company's experienced staff and prominent and proactive leadership, investors and developers also benefit from its debt and equity platforms. CSG, 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 http://www.CSGfirst.com.
Jennifer Driscoll, Churchill Stateside Group, 727 461 2200, [email protected]
SOURCE Churchill Stateside Group