Churchill Stateside Group Announces Addition of David Bonomo to Production Team

CLEARWATER, Fla.--(BUSINESS WIRE)--Churchill Stateside Group, LLC (CSG), a multifamily real estate and renewable energy financial services company, is pleased to announce that David Bonomo has joined the company’s production team as Director of Bond Finance and Debt Originations.

In his dual role, Bonomo will originate multifamily debt financing solutions for multifamily and affordable housing developments nationwide. He will expand CSG’s production platform across its lending programs, including FHA/HUD-insured loans, USDA Rural Development 538 financing, as well as CSG’s proprietary acquisition, bridge, construction, and permanent loan products. In addition, David will drive the expansion of the bond finance practice of CSG’s broker-dealer affiliate, Churchill Stateside Securities, LLC (CSS). CSS provides tax-exempt and taxable bond financing solutions for multifamily developers nationwide, both on a stand-alone basis and in support of CSG’s affordable housing debt financing platforms.

“The Churchill Stateside teams have emerged as innovative thought-leaders, dedicated to providing unmatched personal attention and creative financing alternatives to the affordable housing community. It is an honor to join such a distinguished group of professionals. I am inspired by the challenges ahead, and I look forward to contributing to the growth of CSG and its affiliates,” said Bonomo.

Bonomo joins Churchill Stateside with an extensive finance and banking background and a core concentration in real estate and affordable housing finance. For the past decade, David has executed complex multifamily financings for prominent developers and sponsors in the US across all major platforms - FHA/HUD, Fannie Mae, Freddie Mac, USDA, and conventional CRE programs. David has held senior banking positions at M&T Realty Capital Corp and Lument. He is also the former CFO of the New Jersey Housing & Mortgage Finance Agency (NJHMFA). As CFO, he developed and managed NJHMFA’s highly successful Conduit Bond Program, executed turnaround financings for distressed projects, and presided over notable ratings upgrades from Standard & Poor's.

David has a B.A. in Economics from Trinity College in Hartford, CT, and a J.D. from New York Law School in New York City. He is a member of the New York Bar and holds FINRA Series 7, 52, 63, and 79 securities licenses.

"As we continue expanding our capabilities, adding someone with David's level of experience and industry knowledge is a major step forward for our organization. We’re excited about the expertise and perspective David will bring to the role," said Dan Duda, Executive Vice President & National Director of CSG.

For information about CSG's multifamily finance programs and services, please contact our Originations team at [e-mail].

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.