Churchill Stateside Group Highlights HUD Section 223(f) Loan Program for Acquisition and Refinancing of Multifamily Properties

CLEARWATER, Fla.--(BUSINESS WIRE)--Churchill Stateside Group (“CSG”) is pleased to highlight its HUD Section 223(f) loan program, a long-term, fixed-rate financing solution designed for the acquisition and refinancing of stabilized multifamily properties nationwide.

As an approved U.S. Department of Housing and Urban Development (HUD) MAP and LEAN lender, CSG provides access to FHA-insured 223(f) financing, offering borrowers a reliable permanent loan execution with attractive leverage, non-recourse structure, and competitive interest rates.

The HUD Section 223(f) program is well-suited for existing multifamily communities, including market-rate, mixed-income, and affordable housing properties.

Key features of CSG’s HUD Section 223(f) loan program include:

• Long-Term, Fixed-Rate Financing: Fully amortizing loan terms of up to 35 years provide stability and predictable debt service.
• Attractive Leverage: Loan sizing is based on property type and performance, with higher leverage available for affordable and rental assistance properties.
• Non-Recourse Structure: Loans are non-recourse, subject only to standard carve-outs.
• Assumability: Loans are fully assumable, subject to HUD approval, enhancing long-term asset value and exit flexibility.
• Flexible Use of Proceeds: Available for both acquisition and refinance transactions, including the ability to access cash-out in certain scenarios.

The program is designed for stabilized multifamily properties, with loan sizing based on actual operating performance.

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

“HUD Section 223(f) financing remains one of the most reliable and efficient permanent loan executions available for stabilized multifamily properties. By leveraging HUD-insured financing, we are able to provide borrowers with long-term, fixed-rate capital that supports both operational stability and long-term ownership.”

Churchill Stateside Group remains a leader in multifamily and affordable housing finance, delivering capital solutions through FHA/HUD, USDA Rural Development, renewable energy, and tax credit programs.

For more information about CSG’s HUD Section 223(f) loan program, please contact our Production team at [e-mail] or visit CSGfirst.com.

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.