Common Contracts

4% LIHTC Projects Churchill Private Placement Tax Exempt Loan Program

Funding Loan Agreement • February 18th, 2022

• Contract Type
  Funding Loan Agreement
• Filed
  February 18th, 2022

• Rather than purchasing bonds, Churchill Stateside Group (or the “Funding Lender”) makes a loan (the “Funding Loan”) directly to the Municipal Entity (the “Governmental Lender”). The Governmental Lender then loans the proceeds of the Funding Loan directly to the Borrower (the “Borrower Loan”). This is basically a tax-exempt loan to a governmental lender, which loans the proceeds to the Borrower.