Latest news with #DanDuda
Business Wire
7 days ago
- Business
- Business Wire
Churchill Stateside Group Closes $7,237,900 FHA/HUD 221(d)(4) Loan for 84-Unit Affordable Family Housing Community in Panama City, FL
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 $7,237,900 FHA/HUD 221(d)(4) Loan for Tranquility at St. Andrews, an 84-unit new construction affordable housing community located in Panama City, Florida. The FHA/HUD 221(d)(4), provided through Churchill Mortgage Investment LLC ('CMI'), will fund both the construction and permanent financing of this new garden-style apartment community. The FHA/HUD 221(d)(4) loan is a nonrecourse loan with a 40-year term and amortization and an exceptionally low rate. In addition, the equity is funded through the syndication of 9% Low-Income Housing Tax Credits (LIHTC). Tranquility at Saint Andrews will consist of three three-story buildings, offering 42 two-bedroom and 42 three-bedroom apartments. Of the 84 total units, 73 will be income-restricted at 60% of the Area Median Income (AMI), 9 units will be restricted to 40% AMI, and the remaining 2 units will be rented at market rate. Each apartment will feature private patios or balconies, and residents will have access to community amenities including a swimming pool, fitness center, business center, playground, and clubhouse, enhancing quality of life and providing a positive living environment for families in the Panama City area. Dan Duda, Executive Vice President, National Director of Originations & Acquisitions for CSG, commented, 'Tranquility at Saint Andrews represents the type of meaningful development we are proud to support. This project will help address the growing need for high-quality affordable housing in Panama City while providing families with long-term stability and access to key amenities. We are honored to work with our development partners to bring this community to life.' Keith Gloeckl, Chief Executive Officer of CSG, added, 'At Churchill, we are committed to financing housing solutions that make a lasting impact. Tranquility at Saint Andrews not only expands the supply of affordable housing, but it does so in a way that promotes dignity, community, and opportunity for its residents. We are proud to play a part in this important effort.' Churchill Stateside Group continues to be a leader in affordable housing finance, dedicated to advancing strong, inclusive communities through creative, client-focused capital solutions. Looking for creative financing solutions for your next affordable housing project? Visit us at or reach out to our production team at production@ 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
17-06-2025
- Business
- Yahoo
Churchill Stateside Group Provides $4,528,000 Permanent Loan Commitment for 101-Unit Affordable Family Housing Community in North Charleston, SC
CLEARWATER, Fla., June 17, 2025--(BUSINESS WIRE)--Churchill Stateside Group, LLC ("CSG"), a real estate and renewable energy financial services company, is pleased to announce the commitment of a $4,528,000 permanent loan for Cooper Crest Apartments, a 101-unit new construction affordable family housing community located in North Charleston, South Carolina. The financing, provided through Churchill Mortgage Investment LLC ("CMI"), will support the development of this modern apartment community with a 16-year term and 35-year amortization. The community will feature a mix of one-, two-, three-, and four-bedroom apartments, all income-restricted between 20% and 70% of the Area Median Income (AMI), offering high-quality, affordable living options for families in the region. Construction of the Cooper Crest Apartments is scheduled for completion in 2026. Dan Duda, Executive Vice President, National Director of Originations & Acquisitions for CSG, commented, "It's a privilege to support this impactful project that addresses the critical demand for affordable family housing in the Charleston area. Our forward-committed permanent loan structure continues to offer unique value to our developer partners, helping them lock in long-term financing certainty with favorable terms. Thank you to our development partners for allowing CSG to be part of the financing." Keith Gloeckl, Chief Executive Officer of CSG, added, "We're proud to play a part in expanding access to affordable housing through Cooper Crest Apartments. At Churchill, we remain committed to financing developments that strengthen communities and improve quality of life for families nationwide." Churchill Stateside Group continues to be a leader in affordable housing finance, dedicated to advancing strong, inclusive communities through creative, client-focused capital solutions. Looking for creative financing solutions for your next affordable housing project? Visit us at or reach out to our production team 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 $6.5 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. View source version on Contacts Carter Daignault(727) 233-0614Marketing@ Sign in to access your portfolio
Business Wire
17-06-2025
- Business
- Business Wire
Churchill Stateside Group Provides $4,528,000 Permanent Loan Commitment for 101-Unit Affordable Family Housing Community in North Charleston, SC
CLEARWATER, Fla.--(BUSINESS WIRE)-- Churchill Stateside Group, LLC ('CSG'), a real estate and renewable energy financial services company, is pleased to announce the commitment of a $4,528,000 permanent loan for Cooper Crest Apartments, a 101-unit new construction affordable family housing community located in North Charleston, South Carolina. The financing, provided through Churchill Mortgage Investment LLC ('CMI'), will support the development of this modern apartment community with a 16-year term and 35-year amortization. The community will feature a mix of one-, two-, three-, and four-bedroom apartments, all income-restricted between 20% and 70% of the Area Median Income (AMI), offering high-quality, affordable living options for families in the region. Construction of the Cooper Crest Apartments is scheduled for completion in 2026. Dan Duda, Executive Vice President, National Director of Originations & Acquisitions for CSG, commented, 'It's a privilege to support this impactful project that addresses the critical demand for affordable family housing in the Charleston area. Our forward-committed permanent loan structure continues to offer unique value to our developer partners, helping them lock in long-term financing certainty with favorable terms. Thank you to our development partners for allowing CSG to be part of the financing.' Keith Gloeckl, Chief Executive Officer of CSG, added, 'We're proud to play a part in expanding access to affordable housing through Cooper Crest Apartments. At Churchill, we remain committed to financing developments that strengthen communities and improve quality of life for families nationwide.' Churchill Stateside Group continues to be a leader in affordable housing finance, dedicated to advancing strong, inclusive communities through creative, client-focused capital solutions. Looking for creative financing solutions for your next affordable housing project? Visit us at or reach out to our production team 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 $6.5 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
17-06-2025
- Business
- Yahoo
Churchill Stateside Group Provides $4,528,000 Permanent Loan Commitment for 101-Unit Affordable Family Housing Community in North Charleston, SC
CLEARWATER, Fla., June 17, 2025--(BUSINESS WIRE)--Churchill Stateside Group, LLC ("CSG"), a real estate and renewable energy financial services company, is pleased to announce the commitment of a $4,528,000 permanent loan for Cooper Crest Apartments, a 101-unit new construction affordable family housing community located in North Charleston, South Carolina. The financing, provided through Churchill Mortgage Investment LLC ("CMI"), will support the development of this modern apartment community with a 16-year term and 35-year amortization. The community will feature a mix of one-, two-, three-, and four-bedroom apartments, all income-restricted between 20% and 70% of the Area Median Income (AMI), offering high-quality, affordable living options for families in the region. Construction of the Cooper Crest Apartments is scheduled for completion in 2026. Dan Duda, Executive Vice President, National Director of Originations & Acquisitions for CSG, commented, "It's a privilege to support this impactful project that addresses the critical demand for affordable family housing in the Charleston area. Our forward-committed permanent loan structure continues to offer unique value to our developer partners, helping them lock in long-term financing certainty with favorable terms. Thank you to our development partners for allowing CSG to be part of the financing." Keith Gloeckl, Chief Executive Officer of CSG, added, "We're proud to play a part in expanding access to affordable housing through Cooper Crest Apartments. At Churchill, we remain committed to financing developments that strengthen communities and improve quality of life for families nationwide." Churchill Stateside Group continues to be a leader in affordable housing finance, dedicated to advancing strong, inclusive communities through creative, client-focused capital solutions. Looking for creative financing solutions for your next affordable housing project? Visit us at or reach out to our production team 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 $6.5 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. View source version on Contacts Carter Daignault(727) 233-0614Marketing@ Sign in to access your portfolio
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.
