Churchill Stateside Group Closes $15.4M in Financing for the Rehabilitation of a 64-Unit LIHTC Apartment Community in Summerville, SC

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 Azalea Park, a 64-unit 9% Low Income Housing Tax Credit development in Summerville, South Carolina. The financing for the rehabilitation of this community includes a $10,600,000 Construction Loan and a $4,850,000 Forward Permanent Loan with a 40-year amortization. This funding, arranged by Churchill Mortgage Construction