Churchill Stateside Group, LLC , a real estate and renewable energy financial services company, announced the closing of a $31,054,000 FHA 221(d)(4) Construction Advance Loan to finance Vaucluse Mill Lofts, a 140-unit adaptive reuse and historic substantial rehabilitation project located in Aiken, South Carolina.
The FHA 221(d)(4) loan, insured by HUD, provides long-term, fixed-rate financing to support both new construction and substantial rehabilitation of multifamily housing nationwide. In this case, the loan will fund the transformation of the historic Vaucluse Mill, located in the Village of Vaucluse, the oldest mill village in South Carolina, into a modern, high-quality community.
