Latest news with #KeithGloeckl
Business Wire
21-05-2025
- Business
- Business Wire
Churchill Stateside Group Closes $10,120,000 Tax-Exempt Permanent Loan for 122-Unit Senior Housing Development in Stonecrest, GA
CLEARWATER, Fla.--(BUSINESS WIRE)--Churchill Stateside Group, LLC ('CSG'), a real estate and renewable energy financial services company, is pleased to announce the closing of a $10,120,000 tax exempt permanent loan on a new 122-unit affordable 4% Low Income Housing Tax Credit senior housing community located in Stonecrest, Georgia. The financing was provided by Churchill Mortgage Investment LLC ('CMI') under CSG's Churchill Private Tax-Exempt Loan Program ('Churchill PTEL'). The project will deliver high-quality, affordable housing for seniors through the development of a modern apartment complex consisting of 20 one-bedroom units and 102 two-bedroom units. All units will be income-restricted to residents earning no more than 60% of the Area Median Income (AMI). The development also received 4% Loan Income Housing Tax Credits. Situated just east of Atlanta in one of Georgia's fastest-growing areas, the community offers close proximity to medical facilities, retail centers such as The Mall at Stonecrest, public transportation, local parks, and entertainment—enhancing access and quality of life for senior residents. Dan Duda, EVP, National Director of Originations and Acquisitions for CSG, stated, 'We are proud to support the creation of quality, affordable housing that allows senior residents to age with dignity and independence in a vibrant community. This project exemplifies our mission to bring lasting impact to underserved populations through strategic financial solutions. Our Churchill Private Tax Exempt Loan program is a great tool for developers to capitalize on long term low interest rate fixed financing.' Keith Gloeckl, Chief Executive Officer of CSG, added, 'With a growing demand for affordable senior housing in Georgia, this community development is a critical step toward addressing the needs of this underserved community. We're proud to partner with a sponsor who shares our commitment to creating high-quality, affordable housing in communities where it's needed most. This closing is a testament to the expertise of our team and our continued focus on financing solutions that make a real difference.' Churchill Stateside Group remains dedicated to providing financial solutions that promote sustainable, inclusive housing opportunities across the nation. Looking to finance your next affordable housing project? Visit or contact our production team at production@ to learn how Churchill can help support your project's success. About Churchill Stateside Group Churchill Stateside Group and its wholly owned affiliates (CSG) serve the affordable housing and commercial renewable energy industries. CSG sponsors tax credit equity investment funds for institutional investors and provides a variety of construction, permanent, and bond financing solutions. With over $6.5 Billion of assets under management, CSG has long-standing and successful investment relationships with numerous corporate investors. The company's investor and developer clients benefit from our experienced staff, prominent and proactive senior leadership, and attractive debt and equity platforms. The company, through its subsidiary Churchill Mortgage Investment LLC (CMI), is an approved USDA Rural Development and HUD/FHA MAP and LEAN lender and Ginnie Mae Issuer, seller, and servicer.
Yahoo
01-05-2025
- Business
- Yahoo
Churchill Stateside Group Highlights Strength of USDA Rural Development 538 Loan Program Amid Industry Changes
CLEARWATER, Fla., May 01, 2025--(BUSINESS WIRE)--As the housing finance industry navigates governmental changes and shifting market dynamics, Churchill Stateside Group, LLC ("CSG"), a real estate and renewable energy financial services company, is reaffirming its strong support of the USDA Rural Development Section 538 Guaranteed Rural Rental Housing Program, which remains fully operational and active for new business. With continued demand for quality housing in rural communities, the USDA RD 538 Loan Program offers a critical financing solution for developers — and CSG stands ready to deliver. CSG has been a leading participant in the USDA RD 538 program for over a decade. "In a time when many are uncertain about the direction of affordable housing programs, we want to make it clear: the USDA RD 538 Program is open for business — and so are we," said Keith Gloeckl, CEO of Churchill Stateside Group. "Churchill has a long-standing partnership with USDA Rural Development, and we're actively originating and closing loans through the program right now." Recent developments in the housing finance sector have raised questions about the status of government-supported loan programs. Churchill Stateside Group is pleased to highlight and clarify that the USDA RD 538 Program remains a viable and attractive option for affordable housing developers, particularly in underserved rural markets. The USDA RD 538 Program provides competitive terms with long-term low fixed rates, and supports the development, acquisition, and rehabilitation of affordable multifamily housing. CSG's dedicated team brings deep experience, industry relationships, and a streamlined process to help developers access these funds efficiently. "Our mission is to be a reliable source of capital for developers who are creating and preserving rural housing," added Dan Duda, Executive Vice President & National Director of Churchill Stateside Group. "The USDA RD 538 Program plays a vital role in this, and Churchill is proud to help lead the way." About Churchill Stateside Group Churchill Stateside Group and its wholly owned affiliates (CSG) serve the affordable housing and renewable energy industries. CSG sponsors tax credit equity investment funds for institutional investors and provides a variety of construction, permanent, and bond financing solutions. With over $6 Billion of assets under management, CSG has long-standing and successful investment relationships with numerous corporate investors. The company's investor and developer clients benefit from our experienced staff, prominent and proactive senior leadership, and attractive debt and equity platforms. The company, 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, visit or contact production@ View source version on Contacts Press Release ContactCarter DaignaultChurchill Stateside GroupMarketing@ 727-233-0614 Sign in to access your portfolio
Business Wire
29-04-2025
- Business
- Business Wire
Churchill Stateside Group Closes $7,865,000 Forward-Committed Permanent Loan for 95-Unit New Construction Senior Living Housing Community in Lancaster, OH
CLEARWATER, Fla.--(BUSINESS WIRE)--Churchill Stateside Group, LLC ('CSG'), a real estate and renewable energy financial services company, is proud to announce the closing of a $7,865,000 forward-committed permanent loan for The Reserve at Hunter Trace, a new 95-unit affordable senior living housing development located in Lancaster, Ohio. The financing, provided by Churchill Mortgage Investment LLC ('CMI'), supports the development of a three-story building offering a mix of one- and two-bedroom apartment homes. All units will be income-restricted at 60% of the Area Median Income (AMI), ensuring affordable housing options for senior residents in the region. Construction is scheduled for completion in 2026. Located just 30 miles southeast of Columbus, Ohio, The Reserve at Hunter Trace offers convenient access to local services, retail, and public transportation, while placing residents within commuting distance of employment opportunities in the greater Columbus area. Ben Goates, Vice President, Director of Originations for CSG, said, 'What an honor it is to work with such an incredible sponsor as Fairfield Homes who has been dedicated to serving the residents of Central Ohio for generations. We're thrilled to participate in the inaugural round of the State of Ohio Low Income Housing Tax Credit program by providing this uniquely effective forward-committed loan product for The Reserve at Hunter Trace, which includes a 40-year amortization, 1.15 DCR, 3 years of interest-only payments after stabilization, and the ability to size to greater proceeds upon conversion.' Keith Gloeckl, Chief Executive Officer of CSG, added, 'We at Churchill are proud to support the financing of this much-needed affordable senior housing development. The Reserve at Hunter Trace represents a meaningful investment in the Lancaster community, providing quality, affordable housing options for older adults. I commend our dedicated team at Churchill for their expertise and commitment in bringing this project to a successful close.' Churchill Stateside Group remains committed to financing projects that foster strong, sustainable communities and meet the growing need for affordable housing across the United States. Interested in financing solutions for your next multifamily affordable housing project? Visit us at or reach out directly to our production team at production@ We're here to help you achieve your financial objectives with customized solutions backed by decades of experience. Churchill Stateside Group and its wholly owned affiliates (CSG) serve the affordable housing and commercial renewable energy industries. CSG sponsors tax credit equity investment funds for institutional investors and provides a variety of construction, permanent, and bond financing solutions. With over $6 Billion of assets under management, CSG has long-standing and successful investment relationships with numerous corporate investors. The company's investor and developer clients benefit from our experienced staff, prominent and proactive senior leadership, and attractive debt and equity platforms. The company, through its subsidiary Churchill Mortgage Investment LLC (CMI), is an approved USDA Rural Development and HUD/FHA MAP and LEAN lender and Ginnie Mae Issuer, seller, and servicer.
Yahoo
27-01-2025
- Business
- Yahoo
Churchill Stateside Group Closes $24.1MM in Financing for the Preservation and Rehabilitation of a 6-Property USDA Rural Development 515 Portfolio in Kentucky
CLEARWATER, Fla., January 27, 2025--(BUSINESS WIRE)--Churchill Stateside Group, LLC ("CSG"), a real estate and renewable energy financial services company, is pleased to announce the closing of financing for the preservation and rehabilitation of a 6-property USDA Rural Development 515 portfolio in Kentucky. This portfolio consists of existing apartment communities totaling 221 total units. Churchill Mortgage Investment LLC ("CMI"), a subsidiary of CSG, is providing the $10,130,443 of USDA Rural Development 538 debt for the rehabilitation of these existing communities. Additionally, Churchill Stateside Securities, LLC ("CSS") is assisting in the bond underwriting of the $14,000,000 of short term tax exempt bond issuance. In addition, the financing includes the allocation of 4% Low Income Housing Tax Credit Equity. All 6 of these multifamily sites will aim to help the preservation of affordable housing in multiple counties throughout the state of Kentucky. Dan Duda, Senior Vice President and National Director of Originations and Acquisitions for CSG, said, "We are proud to provide financing solutions to help USDA Rural Development 515 owners preserve their existing communities across the country. CSG's ability to help facilitate the USDA RD 538 loan, bonds, and 515 loan transfer, allows our development and owner partner to focus on the necessary rehabilitation and development of these communities. We are very thankful to the ownership and development team to allow us to be a part of this much needed rehabilitation of these communities." Keith Gloeckl, Chief Executive Officer of CSG, added, "We are pleased to work with the sponsor and USDA Rural Development for the preservation of these rural multifamily communities. There are multiple tasks involved with the transfer, rehabilitation, and preservation of existing multifamily units. Churchill has the experience and knowledge required to undertake these rehabilitations and have provided the expertise required, not only on this group of properties, but also on numerous other 515 portfolios over the last decade." For more information about CSG's multifamily finance programs and services nationwide, please contact our production team via email at Production@ About Churchill Stateside Group Churchill Stateside Group and its wholly owned affiliates (CSG) serve the affordable housing and commercial renewable energy industries. CSG sponsors tax credit equity investment funds for institutional investors and provides a variety of construction, permanent, and bond financing solutions. With over $6 Billion of assets under management, CSG has long-standing and successful investment relationships with numerous corporate investors. The company's investor and developer clients benefit from our experienced staff, prominent and proactive senior leadership, and attractive debt and equity platforms. The company, through its subsidiary Churchill Mortgage Investment LLC (CMI), is an approved USDA Rural Development and HUD/FHA MAP and LEAN lender and Ginnie Mae Issuer, seller, and servicer. Securities are offered through Churchill Stateside Securities, LLC (CSS), a SEC and MSRB registered broker-dealer, and member FINRA/SIPC. Certain individuals associated with, or employed by, CSG may also be Registered Representatives associated with CSS. Investing involves the risk of loss. Past performance is not indicative of future results. View source version on Contacts Carter DaignaultE: CDaignault@ P: (727) 233-0614
