Cinnaire Announces Key Appointments to Lending and Underwriting Teams

Cinnaire ushered in the new year by announcing five appointments to its Lending and Underwriting teams. These industry leaders will support the organization’s growth as both a community development lender and equity investor funding affordable housing developments.

Sarah Greenberg has joined Cinnaire as Senior Vice President, Underwriting (Debt), in the organization’s Madison, WI, office. She leads and manages the affordable housing lending team, overseeing workflows and business processes, and ensuring sound decision-making regarding portfolio performance. A nationally recognized leader in affordable housing and community development, Sarah is committed to advancing racial, social, and economic equity. She has worked in community investment and economic development for more than 18 years, holding leadership positions at High Impact Financial Analysis, Forward Community Investments, Northwest Side CDC, and NeighborWorks America. During her tenure at NeighborWorks, Sarah was one of the founders of the National Community Stabilization Trust (NCST). At Forward Community Investments, she launched the Emerging Developer Loan Program to provide financing to BIPOC real estate developers. Sarah is on the executive committee for the national CDFI Women’s Network and holds Board positions with Historic Milwaukee, Housing Resources, inc., Tempo Milwaukee Foundation, and MobiliSE.

Sabrina Iga has joined Cinnaire as Senior Vice President, Finance, in the organizations Wilmington, DE, office. She will play a key role developing and implementing the financial and funding strategy for Cinnaire’s lending business, managing investor and loan participant relationships, and identifying new investors in target markets. Intent on helping communities overcome systemic failures, Sabrina has dedicated her career to working for a wide range of mission-driven organizations. Most recently, she served as Treasury Manager with Enterprise Community Loan Fund, creating and maintaining strategic relationships with investors to help developers create affordable homes and community facilities.

Elaine Magil recently joined Cinnaire’s Wilmington team as Senior Vice President of Underwriting (Equity) to lead its Equity Underwriting. Elaine joined Cinnaire from Tax Credit Asset Management (TCAM), where she helped to build and lead the firm’s Advisory and Transactions practice area. At Cinnaire, she will provide underwriting review on prospective projects across the nine-state footprint and will focus on building organizational infrastructure to support the company’s ongoing growth. Elaine serves on the Board of Directors for Action Housing Inc. and the Steering Committee for Women in Housing and Finance of Pennsylvania.

Larry Chan has joined Cinnaire’s Wilmington team as an Equity Underwriter, supporting Cinnaire’s LIHTC investing cross its nine-state footprint. Larry adds to Cinnaire’s staff based in Pittsburgh and comes to Cinnaire having most recently managed community development lending and investing for BNY Mellon’s community development lending and investing efforts in the Pittsburgh market. Prior to his role at BNY Mellon, he held various positions in affordable housing, local government, and community development over the prior 10 years.

Erik Ingbretson has been appointed Portfolio Manager, Community Development, in Cinnaire’s Chicago, IL, office. Erik monitors borrowing for reporting and covenant compliance, manages and mitigates potential defaults and credit losses, and conducts annual review of borrowers in Cinnaire’s portfolio. A financial professional with more than 20 years of experience in corporate, middle-market, and small business commercial banking, Erik has excelled in the management of complex and large credit/deposit portfolios. Prior to joining Cinnaire, he served as Vice President of Commercial Lending at Pan American Bank and Trust, and Chase Bank, where he was responsible for new loan origination, portfolio management, establishing new commercial banking relationships, and the sourcing and closing of multi-million-dollar commercial clients.

About Cinnaire

Cinnaire is a non-profit financial partner that supports affordable housing developments along with community and economic revitalization initiatives through creative investments, loans and real estate development services. Since 1993, Cinnaire has invested $4.9 billion to support the development of 863 housing communities in 10 states, providing 53,146 affordable apartment homes for more than 114,000 individuals and families and has provided community development loans to support the creation/retention of more than 4.7 million square feet of commercial, mixed-use, and community space. In its mission to change lives and transform neighborhoods into thriving communities, Cinnaire has helped to create or retain over 80,000 jobs and spur $9.3 billion in economic impact.  https://cinnaire.com 

NOTE: This press release was submitted to Urban Milwaukee and was not written by an Urban Milwaukee writer. While it is believed to be reliable, Urban Milwaukee does not guarantee its accuracy or completeness.