Our Team

Our Team & Affiliates

CSG’s principals are industry veterans who have demonstrated lengthy commitments and successful track records. In fact, our entire team is exceptionally experienced. We’ve all worked hard to establish the connections necessary to finance and build real estate while structuring sound solutions that benefit our investor clients. Our business has always been about creating lasting partnerships. What this means for you is a partner that opens the lines of communication, thinks creatively, and approaches your financing needs in a flexible yet straightforward way. Expect direct communication and innovative solutions from our professional team.

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    Keith J. Gloeckl

    Chief Executive Officer

    Mr. Gloeckl began his career in the insurance industry with American General of Pittsburgh, Pennsylvania. In 1974, Mr. Gloeckl formed Burne & Gloeckl Insurance Agency and grew the firm into a successful enterprise, which he sold in 1984. At that time, Mr. Gloeckl accepted a position as a Commercial Mortgage Banker with Midland Mortgage Investment Corporation, a company that originated multifamily construction loans throughout the United States. During the 1980’s the company grew significantly. In 1988, Mr. Gloeckl and two associates purchased the company and created a group of companies that became known as The Midland Companies. The companies specialized in construction, permanent and equity financing for conventional and affordable multifamily apartment complexes nationwide with an emphasis on tax credit properties.

    During this time, Mr. Gloeckl served as President and Chief Operating Officer of the organization, which grew to over 150 employees in 7 offices across the country. In addition to Midland´s long standing relationships with large municipal pension funds, Midland became a Fannie Mae DUS Lender and FHA/MAP underwriter which broadened the investment base options for its clients. Mr. Gloeckl has worked with a number of corporate investors throughout his tenure.

    In 1999, Mr. Gloeckl and his associates sold The Midland Companies to MuniMae (NYSE:MMA), and the company became known later as MMA Financial. Mr. Gloeckl continued to serve the company and its clients as Chief Investment Officer and a member of Senior Management Committee. During his tenure with MMA, Mr. Gloeckl was responsible for a range of functions across all debt and equity product types for all real estate finance business, as well as the supervision of Production, Underwriting, Closing, Secondary Markets, Tax Credit Origination, and various product development and management initiatives. Mr. Gloeckl also served as Trustee of the MMA Affordable Housing Group Trust and the MMA Multifamily REIT where he worked with various pension fund groups and proprietary funds.

    Since 1992, Mr. Gloeckl has been instrumental in the syndication of more than $1 billion of federal low income housing tax credits.

    Mr. Gloeckl is a member of the Mortgage Bankers Association of America and the National Multifamily Housing Council. Mr. Gloeckl has served as an officer for organizations such as Council for Affordable and Rural Housing, the Florida Council for Affordable and Rural Housing and is a member of various industry organizations. Mr. Gloeckl is a graduate of Walsh University and has served on its Board of Directors.

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    Devin Sanderson

    Chief Operating Officer and Executive Vice President

    Mr. Sanderson brings a wealth of experience providing financing solutions in both the debt and equity capital markets, including project identification, evaluation, financial modeling and structuring of tax advantaged transactions as well as managing the performance of staff and funds to maximize investor benefits and company profitability.

    Mr. Sanderson serves as Chief Operating Officer and Executive Vice President at CSG.  As a thought leader in the company, his responsibilities include spearheading new product development initiatives for all available capital sources in the renewable energy, investment tax credit, and corporate financing space.  Mr. Sanderson provides the management, leadership and vision necessary to ensure that the company has the proper operational controls, administrative and reporting procedures, and people systems in place to effectively grow the organization and to ensure financial strength and operating efficiency.

    In addition to his corporate duties at CSG, Mr. Sanderson leads the Renewable Energy Finance Group and is responsible for the development and financing of over $250 million in solar assets throughout the United States.  His responsibilities include identifying market trends, strategic investment, and tax credit equity for renewable energy projects through a broad range of financing sources including banks, insurance companies, and non-financial sector investors.

    Previously, Mr. Sanderson worked at Churchill Financial and served as Vice President responsible for the origination, analysis, negotiation and placement of Low Income Housing Tax Credit (LIHTC) and renewable energy debt and equity finance investments.  He managed many of the day-to-day operations, including overseeing the servicing and asset management of a $100M+ project portfolio, planning and development for Marketing, Finance & Accounting and Technology departments.

    Mr. Sanderson graduated from the University of South Florida, where he received his Bachelor of Science degree in Finance and was awarded three varsity letters in football.

     

  • Rex Tilley

    Rex Tilley

    Senior Vice President, Chief Underwriter

    Mr. Tilley is responsible for all transaction risk assessments for CSG. Rex has more than 27 years of commercial real estate underwriting and valuation experience with the last 15 years focused on multifamily affordable housing.

    Prior to joining CSG, he was employed by AmeriNational Community Services as Director of Multifamily Services and by Oak Grove Capital as a Deputy Chief Underwriter. Prior to these positions, Mr. Tilley was employed for more than ten years by MMA Financial/The Midland Companies. During his tenure with MMA Financial/The Midland Companies, Mr. Tilley held the title of Fannie Mae Chief Underwriter and was in charge of staff ranging from 7 to 25 professionals responsible for underwriting, closing and servicing multifamily debt and equity investments. Prior to MMA Financial/The Midland Companies, Rex was employed by AmSouth Bank and Glendale Federal Bank in their real estate valuation departments.

    Mr. Tilley holds a Bachelor’s degree in Finance from Florida State University and is a Certified General Real Estate Appraiser in the State of Florida.

  • Wendy Stamnas

    Wendy Stamnas

    Senior Vice President, FHA Chief Underwriter

    Ms. Stamnas is Senior Vice President, FHA Chief Underwriter at CSG and is MAP and LEAN approved. She is responsible for screening, underwriting and closing HUD MAP and LEAN transactions. In addition, Ms. Stamnas assists in creating Multifamily and LEAN underwriting policy, training staff, supporting loan originations, ensuring quality control procedures are met, and serving as the company’s representative to HUD and to the industry. Ms. Stamnas is President of the Eastern Lenders Association and is a member of NIC, and MBA.

    Wendy has more than 27 years experience in commercial real estate including underwriting, originations, portfolio management, screening, and closing FHA, Fannie Mae, conduit loans and all MAP and 232 Programs. Ms. Stamnas underwrote or oversaw more than $1 billion in FHA insured loans that closed under all FHA programs nationwide. She developed underwriting, tracking, and process models to implement efficient analysis and delivery of final products to HUD that are being used successfully today at several companies.

    Prior to joining CSG in October 2013, Ms. Stamnas served as Chief Underwriter for Metropolitan Funding Corp. beginning August 2009. She earned the FHA construction loan administrator designation in June 2010. In addition, Ms. Stamnas closed over $100 million in FHA loans and received FHA Firm Commitments and pre-application FHA LEAN program approvals on an additional $70 million of loans.

    From 2003 to 2009, Ms. Stamnas was Chief Underwriter at Arbor Commercial Mortgage, LLC. She reviewed all FHA Insured loan application packages for quality control prior to submission. She underwrote all Fannie Mae Senior Housing transactions and was a member of the FHA Credit Committee. From 1999 to 2002, Ms. Stamnas was Chief Underwriter for Rockport Mortgage Corporation where she underwrote FHA/MAP, Fannie Mae, and conventional loans for multifamily and healthcare projects nationwide. During that time, she underwrote 25 FHA loans that closed, totaling over $252 million.

    Ms. Stamnas served the U.S. Department of Housing and Urban Development from 1991 to 1999, beginning as a Regional Economist in Boston, MA from 1991 to 1996 and then as Project Manager for the Special Workout Assistance Team (SWAT) in Washington, DC until 1999 where she worked on troubled loans. Prior to that she worked in Housing Development at the Boston Redevelopment Authority.

    Ms. Stamnas holds a BA from University of New Orleans and an MBA in Economics & Real Estate Investment Analysis from Suffolk University in Boston, MA.

  • Tom Vandegrift

    Tom Vandegrift

    Senior Vice President, Asset Management Director

    Mr. Vandegrift leads CSG’s asset management functions and is responsible for monitoring all of the operational and compliance aspects of the portfolio. Mr. Vandegrift has over 20 years of commercial real estate asset management experience where his primary focus has been on implementing and directing the asset management functions for tax credit syndicators.

    Previously, Mr. Vandegrift served with MMA Financial/The Midland Companies and Guilford Capital/Credit Suisse. While at MMA/Midland, he also implemented and directed the company’s commercial loan servicing operations for a period of 10 years. Total debt and equity investments under Mr. Vandegrift’s management while at Midland/MMA exceeded $3.5 billion. Early in his career Mr. Vandegrift was employed by NationsBank for six years where his work included portfolio management, special assets and asset disposition.

    Mr. Vandegrift holds a Bachelor’s degree in Finance from West Virginia University (Cum Laude), and an MBA with a dual emphasis in Finance and Real Estate from The Pennsylvania State University. While achieving his MBA, Mr. Vandegrift taught undergraduate real estate classes, and was a scholarship recipient from the American Society of Real Estate Counselors.

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    Joseph Dedek

    Senior Vice President, Tax Credit Fund Manager

    Mr. Dedek is a Senior Vice President at CSG and serves as Tax Credit Fund Manager leading the fund management function, responsible for assembling, evaluating, structuring and monitoring Low Income Housing Tax Credit (LIHTC), Historic Tax Credit (HTC) and Renewable Energy Investment Tax Credit (ITC) investment portfolios. Additional responsibilities include the coordination of tax reporting, quarterly and annual investor reporting, annual fund audits and tax returns. Mr. Dedek has over 15 years of experience managing investments in multifamily and commercial real estate portfolios.

    Prior to CSG, Mr. Dedek was the divisional chief financial officer with the Credit Suisse Tax Credit Group (CS) responsible for the general financial management and the oversight of the family of CS tax credit funds in excess of $850 million of invested equity. Before joining CS, Mr. Dedek spent seven years with the affordable housing and mezzanine debt and equity divisions of KeyBank Real Estate Capital Private Equity Group as its chief financial officer managing invested equity in excess of $1.3 billion. Mr. Dedek began his career at KPMG departing as a Manager in the audit practice.

    Mr. Dedek holds a Bachelor of Science degree in Business Administration with a major in accounting from John Carroll University and is a Certified Public Accountant.

  • Joe Switzer

    Joseph Switzer

    Senior Vice President of Churchill Stateside Securities, LLC - A Member of FINRA & SIPC

    Mr. Switzer is Senior Vice President of Churchill Stateside Securities. He specializes in tailoring offerings to market segments such as insurance companies and physician groups. Mr. Switzer has throughout his career been a developer of and investor in market leading innovations in the financial services and other industries.Within the financial industry, Mr. Switzer was a Senior Vice President at the Robinson Humphrey Co. who specialized in the distribution of high growth southeastern securities to institutional and high net worth individual clients. Earlier in his career he was a cash management officer at the First National Bank of Atlanta and, and he was also a Senior Vice President at Oppenheimer & Co.

    Mr. Switzer also has been prominent in the development of new industries outside of Financial Services. Mr. Switzer was one of the initial drivers of the competitive telephone industry with his founding of National Telephone Services, which was one of the fastest growing companies in that industry, reaching $80 million in revenues in three years. He was also the founder of the Consumer Financial Network, the first competitive insurance marketplace on the internet with over one million employee subscribers.

     

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    David Carr

    Vice President, Investor Relations

    Mr. Carr has over 25 years’ experience as a senior financial manager focused almost exclusively on tax structured investments.  He most recently was a Principal and CFO of Hunter Chase & Company, a real estate private equity company.  Mr. Carr had primary responsibility for Hunter Chase’s New Markets Tax Credit Program, where he was responsible for raising and managing $134 Million in NMTC structured investments.

    Prior to joining Hunter Chase, Mr. Carr was the COO for Key Housing Capital’s (“KHC”) Tax Advantaged Equity Group.  Mr. Carr had direct responsibility for syndicating, structuring and negotiating in excess of $1 Billion in Low Income Housing Tax Credit investments. Prior to joining Key, Mr. Carr was a partner at The Boston Financial Group, a national LIHTC syndicator, acting as controller for the Property Management division.

    Mr. Carr also has held the role of CFO for Eardish Corporation, music based social network located in Studio City, CA.  Mr. Carr is a retired CPA, having started his career at Ernst & Whinney, leaving as a Tax Manager. He graduated with honors from the University of Massachusetts, Amherst with Bachelors Degree in Business Administration.

     

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    Jerome Sullivan, CFA, CPA

    Senior Vice President, Midwest Regional Director

    Mr. Sullivan is Senior Vice President, Midwest Regional Director for Churchill Stateside Group and leads the company’s Chicago office. Mr. Sullivan is focused on originating debt and equity opportunities as well as product development. He has extensive experience originating and underwriting debt for Fannie Mae and FHA-HUD, as well as LIHTC equity.

    Prior to joining CSG, Mr. Sullivan served as senior vice president at Great Lakes Capital Fund, a non-profit community development financial institution where he managed their lending business and Illinois and Wisconsin operations. Prior to joining Great Lakes Capital Fund, Mr. Sullivan served as vice president for the mortgage operations of the Enterprise Social Investment Corporation where he established an office in Chicago and oversaw Midwest operations. Prior to joining Enterprise, he served for ten years with a $15 billion private pension fund where he managed community development and investment activities. Mr. Sullivan finished his tenure at the pension fund as manager of alternative investments.

    Mr. Sullivan graduated with a Bachelor of Science in Accounting degree and a second major in Economics from the University of Illinois. Mr. Sullivan is a Chartered Financial Analyst and a Certified Public Accountant. He has been a frequent speaker at affordable housing conferences throughout the Midwest.

  • Gary

    Gary Sirotzke

    Controller

    Mr. Sirotzke is Controller of Churchill Stateside Group based in the Clearwater office. Gary is responsible for managing day-to-day accounting functions as well as evaluating and establishing procedures to improve the company’s financial reporting and processes.

    Gary has more than thirty years of accounting, finance, investment and operations expertise. Before relocating to Florida, Gary served as Chief of Finance for the Kane County Division of Transportation in Illinois for more than 12 years. Prior to that he served as Controller of Dek Cable Accessories, a Division of Tyco Electronics in St. Charles, Illinois. In addition, Gary was a Registered Representative with Cetera Advisor Networks and was Series 6 and 63 licensed in Illinois until he sold his practice upon relocating to Tampa.

    Gary obtained his Certified Public Accountant certification in 1986 in the State of Illinois and graduated from the University of Illinois at Chicago with a B.A. in Accounting.

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    Michelle Kedzierski

    Investment Analyst

    Michelle is a member of Churchill Stateside Group’s accounting team serving as a financial analyst out of the Clearwater office. Along with standard accounting functions such as reconciliations, payroll processing and month end closing procedures, she is also responsible for budgeting and cash flow forecasts. In addition, Ms. Kedzierski will work closely with the Controller on special projects alongside the Loan and Servicing department.

    Prior to joining CSG, Michelle has worked as a staff accountant since her graduation from USF. Her first role was with an environmental equipment company where she quickly excelled and was promoted to Operations Manager. Michelle was able to create peak profitability within the company with a focus on inventory and more efficient operational procedures, despite industry and economic downturns. She also traveled for the company, exposing her to a full range of marketing, sales and account management functions and activities to which she really enjoyed. Subsequently, Michelle worked as a corporate staff accountant for a multi-billion-dollar construction equipment company, gaining knowledge and further exposure to costing, budget schedules, and intercompany transactions.

    While in college, Ms. Kedzierski worked as a private and peer tutor, assisting students in Accounting, Economics, and Spanish courses. Michelle is a proud member of Alpha Kappa Psi, a professional business organization and has been recognized by the National Dean’s List several years in a row. She also was recognized most prestigiously as the sole recipient of the “Outstanding Academic Achievement” award in her field of accounting. Enjoying the analytical side of Accounting, Ms. Kedzierski pursued and graduated with her Bachelor’s degree in Business Economics. Michelle looks forward to furthering her education and has already begun her pursuit to gaining her CPA license.

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    Edward “Skip” Santos

    Senior Vice President

    Edward “Skip” Santos is a Senior Vice President and will focus on originating multifamily loans to be processed through the HUD-FHA MAP Program and is based out of New Orleans, LA. Mr. Santos began his banking career at Hibernia National Bank in 1989 in Credit Analysis where he received formal credit training. As a commercial lender he specialized in Mortgage Warehouse and Commercial Real Estate lending. During 2000, Mr. Santos became the bank’s chief originator for a partnership between Hibernia National Bank and Standard Mortgage of New Orleans focusing on the origination of multifamily loans to be placed in the permanent market through FNMA and conduits.

    Since 2001, Skip has concentrated on multifamily loan requests processed through the HUD MAP Program with responsibilities including origination, underwriting, and issuance of GNMA securities. His experience in multifamily lending include:  Historic Tax Credits, LIHTC, affordable, market rate, and healthcare properties. Mr. Santos received his B.S in Accounting from Louisiana Tech University and an M.B.A from Loyola University.

  • Rakita Aniko

    Aniko Rakita

    Vice President, West Regional Officer

    Aniko Rakita is Vice President, West Regional Production Officer for CSG in the Dallas office. Aniko is responsible for debt and equity origination for both affordable and market rate properties in the Southwest region.

    Aniko brings diverse real estate experience ranging from analysis and underwriting to debt and equity origination.  She comes to CSG from Neighborhood Builders Community Development Corporation in Dallas where she served as Director of Real Estate Development.  At NBCDC, Aniko was responsible for evaluating and expanding development opportunities, structuring debt and equity finance packages, and supervising the process from pre-development to completion while working with various lenders, legal counsel, city and state entities and capital partners.

    Prior to that, Aniko worked as a Customer Account Manager at the Dallas Fannie Mae office in the conventional multifamily division, and at JPMorgan Chase Bank in Dallas as Vice President, Community Development Real Estate Banker.  At Chase, Aniko completed formal credit training and was the top affordable housing loan originator in 2012.  Aniko is from Hungary where she earned a BBA in Finance; she also received a BBA in Finance and Real Estate from Baylor University.

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    Daniel Duda

    Vice President, East Regional Officer

    Dan Duda is Vice President, East Regional Officer for CSG in the Clearwater office. Dan is responsible for debt and equity origination for both affordable and market rate properties in the East region.  Dan previously served CSG as an Underwriter and was responsible for identifying risk in debt and equity real estate transactions throughout the United States.

    Prior to joining CSG in 2013, Mr. Duda served as a Financial Analyst at Investors Bank in New York City. He focused primarily on originating and underwriting multifamily, mixed-use, retail, and industrial loans in the Northeast. Throughout his career, Dan has been responsible for underwriting loans totaling $200M.

    Mr. Duda attended East Carolina University and received a Bachelors of Science degree in Finance.

  • Alex Holverson

    Alex Holverson

    Production Manager

    Alex Holverson is the Production Manager at Churchill Stateside Group and is responsible for analyzing debt and equity opportunities, reporting deals in process, composing offer packages, and preparing deals for the underwriting process. Prior to joining CSG, Mr. Holverson was a claims adjuster for a nationally recognized insurance company, handling primarily commercial and residential property claims.

    Mr. Holverson received his Masters in Real Estate from the University of South Florida, and a BS in Finance with an emphasis on Real Estate from the University of Missouri.

  • Lois Pemberton

    Lois Pemberton

    Vice President, Transaction Coordinator

    Mrs. Pemberton is a Vice President at CSG and provides support to the team through the effective organization of various due diligence requirements and the processing of loans through HUD, USDA Section 538 and other lending sources.

    Lois brings to the team more than 20 years of commercial real estate finance and banking experience and has previously held positions in Credit, Underwriting and Commercial Banking. After roles in commercial banking, she joined the Midland Companies where she held various positions in underwriting and loan delivery management. As Vice President at Midland, she was instrumental in the implementation of the loan delivery processes to Fannie Mae, Freddie Mac and other secondary market sources. Throughout her career, Lois has been responsible for the successful packaging and delivery of loans totaling $2.3 billion.

    Lois has extensive experience as a liaison between lenders, borrowers, legal counsels, title agents, and various parties to ensure the successful funding for many types of transactions.

  • Linda Carroll

    Linda Carroll

    Vice President, Closing and Loan Administration

    Ms. Carroll serves as CSG’s Closing and Loan Administrator and brings more than 25 years of mortgage banking experience to the team. She began her career with MMA Financial/The Midland Companies as a Loan Closing Coordinator. Ms. Carroll was responsible for processing monthly construction draws, preparing loan documents for investors and coordinating wire transfers.

    During her 20 year tenure with MMA/Midland, Ms. Carroll served as Vice President of the Loan Administration Department and as Vice President/Closing Support Manager. As part of her responsibilities, she developed and implemented loan closing policies, procedures and processing manuals, and met daily deadlines for processing millions of dollars in construction loans and tax credit equity installments.

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    Jackie Friend

    Construction Loan Administrator

    Ms. Friend serves as CSG’s Construction Loan Administrator and is a seasoned, results-oriented professional who brings more than 30 years of commercial real estate finance and banking experience to the team.  She has previously held positions as a real estate paralegal and served as Vice President of Construction and Permanent Loan Servicing with MMA Financial. As Vice President at MMA, she was responsible for successfully managing a team whose portfolio was comprised of over 900+ loans valued at over $5 billion.   She has experience in multi-family tax-exempt and credit-enhanced Bond loan servicing, taxable construction and permanent loan servicing, commercial and residential loan closings and Low Income Housing Tax Credit asset management.

     

  • Clark

    Mary A. Clark

    Underwriter

    Mary Clark is an Underwriter at Churchill Stateside Group and is responsible for identifying risk in debt and equity real estate transactions throughout the United States. Mary has more than 30 years of commercial real estate finance experience ranging from underwriting and originations to asset management with a special focus on multifamily and hospitality from serving with both national and Chicago area lenders. Prior to joining CSG, Mary was a Commercial Asset Manager at Quantum Servicing Corporation and Rialto Capital Corporation where she managed more than 200 performing and non-performing commercial assets. Prior employers include Freddie Mac Multifamily division, FINOVA Capital Corporation and ITT Real Estate.

    Ms. Clark has Bachelors degree from DePaul University and holds a Certified Commercial Investment Member (CCIM) designation.

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    Jody Conner

    Analyst

    Jody Conner is an Analyst for CSG, assisting and supporting the underwriting team with processing of multifamily HUD loans. Jody brings a unique perspective to the team with a diverse background in office administration, marketing, customer service and sales. She has worked mainly in the financial and real estate industries including investment banks, accounting, venture capital, syndication, retail and residential development as well as HUD multifamily lenders.

    Previously, Jody served as an Analyst with Love Funding Corporation where she was instrumental in streamlining the processing systems for both MAP and LEAN transactions. Here, she prepared loan applications, served as liaison between clients, HUD and the development team, assisted underwriters with all aspects of the loan process, trained staff and developed an efficient and productive system for many HUD financing programs. In 2014, Jody processed $95M+ in HUD loans in both MAP and LEAN transactions in various HUD programs and earned the Outstanding Employee Quarterly Award for the second quarter.

    Earning a Bachelor’s degree in Business Administration in 2002, Jody went on to obtain a Real Estate License and sold homes part-time for a number of years.

  • Christina Thornton

    Christina Thornton

    Loan Processor

    Mrs. Thornton is a Loan Processor at CSG and supports the underwriting team through the organization of various due diligence and the processing of transactions through HUD, USDA Section 538 and other lending sources.

    Chris brings more than 25 years of administrative and loan processing expertise from positions in the institutional and private investment management and commercial real estate finance industries. While with The Midland Companies, she held various positions in underwriting and focused on the loan delivery processes to Fannie Mae, Freddie Mac and other secondary market sources. During that time, Chris participated on a team that managed the packaging and delivery of loans totaling $2.3 billion. Chris’ prior employers also include AEGON USA, Inc., MetLife and Ameriprise Financial.

  • Mary Settle

    Mary Settle

    Office Services Administrator

    Ms. Settle is primarily responsible for maintaining the Office Services functions at CSG and providing administrative support to the CEO and originations team. Mary brings extensive expertise in various organizational functions and also plays a key role in marketing and human resources functions.

    Ms. Settle draws on a range of organizational and management skills from her extensive background assisting in legal, developer and business owner platforms which included land use law, development permitting and planning, commercial property management, and business office management. Previously, Mary worked at MMA Financial in various capacities and gained invaluable experience working with the Chief Underwriter and staff, and assisting with the Fannie Mae loan delivery process. Later, in the Production Acquisition Department, she was responsible for preparation of legal documentation for the Supplemental Loan Program and assisting with the preparation of Debt Applications and Loan Commitments.