Churchill Stateside Group, LLC (CSG) announced the closing of Deerwood Apartments, a 144-unit new construction community located in Lake Charles, LA. CSG utilized its PUBLIC-TEL Loan Program to facilitate the closing. The financing includes a $20,840,000 Taxable Construction Loan through Churchill Mortgage Construction, LLC, a $4,800,000 Unfunded Forward Tax-Exempt Permanent Loan Commitment and a $600,000 Equitable Recovery Program Loan Commitment through Churchill Mortgage Investment, LLC, as well as $21,500,000 of short-term cash backed tax-exempt bonds through Churchill Stateside Securities, LLC.
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