HUD lender profile

Churchill Mortgage Investment LLC: HUD multifamily lending record

HUD insured 11 multifamily loans with Churchill Mortgage Investment as lender in FY2022-FY2026, for $110 million and 1,222 units. That is 0.2% of all HUD multifamily dollars in those years and #52 among lenders.

$110Mendorsed, FY2022-FY2026
11loans, FY2022-FY2026
$7.2Mmedian loan size
16active HUD apartment loans it services

What the numbers say

In FY2026 it closed 2 HUD loans for $19.6 million, down 49% from FY2025 and ranking #48 among HUD multifamily lenders that year.

NC/SR was its largest program at 80% of five-year dollars, followed by 223(f) at 20%.

It lent in 6 states; North Carolina was the largest at 41% of dollars.

Its median loan was $7.2 million, below the $14.3 million median for all HUD multifamily endorsements in the same years.

On 223(f) loans, the median time from firm commitment to initial endorsement was 91 days (5 loans), against 87 days for all lenders.

9 of its 11 loans (82%) carried low-income housing tax credits, against 32% across all HUD multifamily endorsements.

HUD volume by fiscal year

$0M$10M$20M$30M$40M'17'18'19'22'23'24'25'26
  • 223(f)
  • New construction / sub rehab
  • Other programs
Mortgage dollars at initial endorsement, FY2017 to FY2026. Table below.
Churchill Mortgage Investment LLC, initial endorsements by fiscal year
FYLoansDollarsUnits223(f)NC/SROtherRank
FY2026 2 $19.6M 303 1 1 0 #48
FY2025 2 $38.3M 220 0 2 0 #41
FY2024 1 $14.2M 168 0 1 0 #46
FY2023 4 $31.6M 411 2 2 0 #40
FY2022 2 $5.9M 120 2 0 0 #55
FY2019 2 $14.8M 172 0 2 0 #51
FY2018 2 $20.3M 269 1 1 0 #50
FY2017 1 $7.1M 142 1 0 0 #62
Since FY201519$160M2,107

Program columns count loans. Rank is by dollars among all HUD multifamily lenders that fiscal year.

Program mix, FY2022-FY2026

By HUD program category
ProgramLoansDollarsMedian loanAll lenders' median
New construction or substantial rehab (221(d)(4), 220, 231, 213)6$87.6M$13.7M$23.9M
223(f) purchase or refinance5$22.1M$2.3M$13.5M

Where it lends

Top states, FY2022-FY2026
StateLoansDollars
North Carolina4$44.9M
Texas2$6.6M
South Carolina2$33.4M
Georgia1$14.0M
Florida1$7.2M
Indiana1$3.5M

Firm commitment to closing

Days from the firm commitment date HUD records to initial endorsement, for this lender's FY2022-FY2026 loans. This is the last stretch of a HUD deal, after underwriting is done; it is not the whole timeline from application.

All its loans with both dates (11)
92 days median
Middle half of its loans
78-202 days
223(f) (5 loans)
91 days
NC/SR (6 loans)
161 days
All lenders, FHA programs, FY2022-FY2026
91 days

Most recent HUD endorsements

Latest 12 loans with Churchill Mortgage Investment as lender at initial endorsement
EndorsedPropertyCityProgramLoanUnits
2025-12-18 Retreat at Esther · TX Houston NC/SR $5.6M 103
2025-10-30 Lakeview Terrace Apartments · GA Augusta 223(f) $14.0M 200
2025-09-17 Vaucluse Mill Lofts · SC Aiken NC/SR $31.1M 136
2025-05-22 Tranquility at Saint Andrews · FL Panama City NC/SR $7.2M 84
2024-06-28 Elijah's Landing · NC Morehead City NC/SR $14.2M 168
2023-06-15 Toulon Place · NC Raleigh NC/SR $16.3M 200
2023-03-24 The Summit at Sawyer · NC Raleigh NC/SR $13.1M 154
2022-11-22 Gregory Oaks Apartments · NC Raleigh 223(f) $1.2M 32
2022-11-21 Bonham Village Apartments · TX Bonham 223(f) $964,700 25
2022-08-24 Fountain Hills Apartments · SC Greenville 223(f) $2.3M 48
2022-03-10 Brookshire Apartments · IN Valparaiso 223(f) $3.5M 72
2019-03-07 The Woodlands of Albany · GA Albany NC/SR $1.9M 80

Largest loans, FY2022-FY2026

Largest 8 by mortgage amount at endorsement
PropertyCityProgramLoanEndorsed
Vaucluse Mill Lofts · SC Aiken NC/SR $31.1M 2025-09-17
Toulon Place · NC Raleigh NC/SR $16.3M 2023-06-15
Elijah's Landing · NC Morehead City NC/SR $14.2M 2024-06-28
Lakeview Terrace Apartments · GA Augusta 223(f) $14.0M 2025-10-30
The Summit at Sawyer · NC Raleigh NC/SR $13.1M 2023-03-24
Tranquility at Saint Andrews · FL Panama City NC/SR $7.2M 2025-05-22
Retreat at Esther · TX Houston NC/SR $5.6M 2025-12-18
Brookshire Apartments · IN Valparaiso 223(f) $3.5M 2022-03-10

Its HUD servicing book today

HUD's active insured mortgage file (as of September 30, 2026) lists Churchill Mortgage Investment as servicer on 16 apartment loans with $121 million of balance and 1,673 units. The median note rate on that book is 4.88%. 5 of the loans carry a rate under 4%. HUD lists the same name as holder of 16 loans.

221(d)(4)
9 loans
223(f)
7 loans

Largest servicing states: North Carolina (5), Georgia (2), Michigan (2), South Carolina (2), Texas (2), Florida (1).

Compare it with the rest of the market in the HUD lender league table, see what recent loans closed at on HUD rates, or read how the 223(f) and 221(d)(4) programs work.

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