Churchill Stateside Group Provides $11,075,000 in USDA-RD Option 3 Construction Advance Loans and $15,500,000 Equity Bridge Loan for 13-Property Rural Apartment Portfolio in Georgia

CLEARWATER, Fla.--(BUSINESS WIRE)--Churchill Stateside Group, LLC (“CSG”) is pleased to announce the closing of $11,075,000 in USDA Rural Development Section 538 Option 3 Construction Advance Loans and a $15,500,000 Equity Bridge Loan for a 13-property existing rural apartment portfolio located throughout Georgia. The portfolio is owned by CAHEC Properties Corporation (“CPC”) and includes Autumn Lane, Barton Village, Brightwood Lane, Brooks Hollow, Carriage Hill, Forrest Hills, Greenwood Village, Jasmine Lane, Marshall Lane, Meadowbrook Lane, Oak Lane, Pecan Grove, and Tan Yard Branch I.

The USDA-RD Option 3 Construction Advance Loans provide interim financing to support rehabilitation and capital improvements across the rural multifamily portfolio. In addition, CSG structured a $15,500,000 Equity Bridge Loan to facilitate the timely funding of anticipated equity proceeds, enabling coordinated execution across multiple properties.

Dan Duda, Executive Vice President, National Director of Originations & Acquisitions for CSG, stated:

“Executing a multi-asset rural portfolio transaction requires careful coordination and a deep understanding of USDA-RD program requirements. Our team worked closely with the sponsor to structure financing that supports preservation efforts while maintaining operational stability across the portfolio.”

Keith Gloeckl, Chief Executive Officer of CSG, added:

“Rural housing preservation remains a critical component of the affordable housing landscape. This closing reflects our continued commitment to delivering tailored capital solutions that support sponsors and strengthen communities throughout Georgia.”

George Baker, Senior Vice President for CPC, stated:

“Successful execution of a rural preservation portfolio occurs when you have a team of knowledgeable and dedicated affordable housing professionals working together towards a common goal. Originally underwritten over two years ago, this transaction went through numerous variations, and its closing is a testament to the perseverance and innovative thinking of CSG, USDA RD, GA Department of Community Affairs and many other firms committed to the affordable housing mission. It really does take a team.”

Churchill Stateside Group remains a national leader in multifamily and affordable housing finance, providing capital solutions through HUD, USDA, renewable energy, and tax credit programs.

Visit CSGfirst.com or contact CSG’s production team at [e-mail] to learn more.

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.