Churchill Stateside Group Closes Record Setting Preserve at Hanover Park Completing Largest USDA-RD 538 Loan in U.S. History, $53.8M
The financing for Preserve at Hanover Park is provided by Churchill Mortgage Investment LLC (“CMI”), a subsidiary of CSG.
- The financing for Preserve at Hanover Park is provided by Churchill Mortgage Investment LLC (“CMI”), a subsidiary of CSG.
- This $53,875,000 Construction Advance Loan marks the largest USDA-RD 538 loan in U.S. history providing financing for both the construction and permanent phases of this community.
- It is also planned that there will be commercial businesses included as part of the Preserve at Hanover Park community.
- Workforce housing, like Preserve at Hanover Park, brings increased opportunity to employers and employees making it substantially beneficial to local economies.