Weekly Real Estate News
Churchill Stateside Group LLC (CSG), a Clearwater, Florida-headquartered real estate financial services and renewable energy company, has introduced a bridge loan product for owners seeking acquisition financing for affordable housing communities.
The product can be used in bridge financing for the acquisition of affordable housing projects, for cash flow support during transitional periods – including tax credit syndication, rehabilitation, refinance, etc. – and in paying off existing debt or buying out GPs, LPs, etc.
The company said the product offers competitive interest rates along with flexible loan terms to suit the borrower’s cash flow – including one- to five-year terms – and up to 100% LTV.
“We understand the importance of timely access to capital in today’s dynamic business environment,” said Keith Gloeckl, CEO of CSG. “Our bridge loan product is designed to provide the financial flexibility necessary for our clients to seize opportunities and overcome temporary obstacles with confidence.”
