Churchill Stateside Group Announces the Grand Opening of Inskip Flats, a 66-Unit New Construction Affordable Housing Project in Knoxville, TN

Churchill Stateside Group financed Inskip Flats with a $9M conventional construction loan and a $7.2M forward permanent loan via its Private TEL Program.

CLEARWATER, Fla., Oct. 3, 2023 /PRNewswire-PRWeb/ — Churchill Stateside Group, LLC (CSG), a real estate and renewable energy financial services company, is pleased to announce the grand opening of a new-construction 4% bond deal for an affordable housing project in Knoxville, Tennessee. CSG financed both the construction phase and the permanent phase through their Private Tax-Exempt Loan (P-TEL) Program. The financing for this project consists of a $9M conventional construction loan and a $7.2M permanent loan placed in 2021. Inskip Flats consists of 66 units catering to family tenancy, including 33 2-bedroom, 1-bath units and 33 3-bedroom, 2-bath units. All 66 units at Inskip Flats are currently pre-leased as a result of high demand for affordable housing in the area. CSG is proud to be playing a part in helping the city of Knoxville fulfill the demand for affordable housing which they are currently facing.