Great Lakes Capital Fund Announces Three Affordable Housing Developments to Serve Indiana Communities

Equity totaling $22.3 million will support 134 apartment homes in the communities of Bedford, Beech Grove and Delphi, Indiana Following the recent announcement of Fund 29 closing, equity from Great Lakes Capital Fund (Cinnaire) has been delivered to finance 134 quality, affordable apartment homes in three different communities. The total equity delivered to Indiana senior and family housing, by […]

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Michigan Banks Generate $13 Million for the Development of Affordable Housing

Cinnaire and Michigan Bankers Association established an equity fund for low-income seniors, families and residents with disabilities Cinnaire (Cinnaire) and Michigan Bankers Association Service Corporation (MBASC) recently closed its third equity fund, bringing $13 million to support the development and rehabilitation of 11 different apartment communities across the state, providing 774 units of quality, safe

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Capital Fund Services Arranges $10.35M Mortgage to Support 150-unit Multifamily Development

Chicago-based Capital Fund Services (CFS), a related company of Cinnaire, arranged $10,350,000, 3.60% first mortgage for a 150 unit multifamily development in Northern New Jersey. “As the CFS and the Cinnaire family of companies expands in the northeast with the acquisition of Delaware Community Investment Corporation (DCIC), we are pleased to facilitate the loan for

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Great Lakes Capital Fund partners as Title Sponsor for Season 3 of “From Glory Days”

From Glory Days, a TV show featuring the lives of former professional Hall of Fame, All-Star, World Champion, and other former professional athletes begun its third season on November 16, 2014, at 7:30pm on WADL-Detroit and will air through February 8, 2015 every Sunday at 7:30 PM. Daily rebroadcasts will occur on Comcast channel 900

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Permanent Financing Provided by Capital Fund Services Strengthens Indiana Housing Stock

Chicago-based Capital Fund Services (CFS), a related company of Great Lakes Capital Fund, sourced permanent financing totaling near $1,100,000 for a 64-unit multifamily affordable housing development in south eastern Indiana, between Louisville and Cincinnati. “We are pleased to help facilitate locking in long-term debt for this much needed affordable housing development in a more rural part of Indiana,”

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Capital Fund Services Funds Sources Permanent Financing to Preserve Indiana Affordable Housing Stock

Chicago-based Capital Fund Services (CFS), a related company of Great Lakes Capital Fund, sourced permanent financing totaling near $4,000,000 on a Fort Wayne Indiana portfolio totaling 138 units.   “We were able to bring the needed debt capital to a very long term client of the firm which allowed them to enhance bottom line cash

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GLCF Hits The Gong For Fund 29

Each year after our incredibly hard-working team closes a fund, we get to ring this very authentic, celebratory “gong.” Cinnaire would like to give an extra special thanks to the thirteen investors who contributed. We look forward to working with all of you on the next Fund and the one after that! CapFund’s Capital Raising Team

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Great Lakes Capital Fund Closes $138.5 Million Affordable Housing Fund

Fund 29 Delivers Essential Equity to 23 Projects in Five States Cinnaire (Cinnaire) is pleased to announce the closing of its most recent fund, Cinnaire for Housing Limited Partnership 29, or Fund 29, with $138.5 million raised to support affordable housing across the Midwest. Thirteen investors contributed to Fund 29, comprised of 12 banks and

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Detroit’s M-1 RAIL Ride to Completion Officially Begins

GROUNDBREAKING CEREMONY CELEBRATES UNPRECEDENTED PUBLIC TRANSIT SYSTEM IN DETROIT This September, business leaders, foundations, government officials and Detroit residents celebrated the groundbreaking for the M-1 RAIL Streetcar project. An unprecedented public-private partnership and model for regional collaboration, the M-1 RAIL Streetcar project is the first major transit project led and funded by private businesses and

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Homeless No More: Genesis Woods Apartments Celebrate Grand Opening for Supportive Housing

Late September, Cinnaire, Genesis Non Profit Housing Corporation, development partners and new residents celebrate the grand opening of Genesis Woods Apartments special needs housing. Genesis Woods Apartments provides 33 apartment homes for people who are formerly homeless, have special needs, and/or who are physically disabled. All the apartments are fully leased. Click here to see

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Construction begins on Abandoned Civil War-Era Building Downtown Mason, Mich.

Capital Fund Title Services and development partners from Kincaid Henry Building Group and the Ingham County Land Bank, are pleased to announce the beginning of construction for the historically sensitive redevelopment of the long vacant former Shopping Guide buildings in downtown Mason, Mich. In late September, development partners, business leaders and local government officials celebrated

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Ten Years a Family: Hope Woods Senior Community Living Celebrates Ten Year Anniversary

Hope Woods Senior Apartments is anything but old and tired after ten years of operation. The lively residents in Kalamazoo, Michigan threw themselves a ten year anniversary party this September to celebrate all of the things that make Hope Woods the perfect place to call home. If you want to see what a real “community”

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