CDFI Lending Services
Cinnaire Lending is a certified Community Development Financial Institution (CDFI) and a Federal Home Loan Bank (FHLB) of Chicago member working with mission-driven investors and organizations to create out-of-the-box lending products to support the creation and preservation of affordable housing and community facilities.
Cinnaire builds stronger and more equitable communities by providing financing for affordable housing, education, healthcare, community facilities and economic development. As a national CDFI, we are a trusted partner with other nonprofits, government and mission-driven businesses to connect communities, regardless of income or zip code, with capital that generates economic opportunity and stability.
We invest in people and places to transform lives through equitable financial and development solutions.Â
Loan Products
- Acquisition
- Construction
- Pre-development
- Mini-perm financing
- New Markets Tax Credit leveraged loans
- Lines of Credit
- Bridge loans
- Other loan products depending on community needs
Eligible Borrowers
Nonprofit and for-profit entities that improve lives, create jobs and contribute to vibrant, strong communities in our primary geographies: Delaware, Illinois, Indiana, Maryland, Michigan, New Jersey, New York, Pennsylvania and Wisconsin.
Loan Amounts
- Minimum loan amount $500,000
- Maximum loan amount $10,000,000 with larger loan sizes considered on a per deal basis
Loan Terms
- 1 to 7 years depending on the type of loan
- Longer term loans available on a per deal basis
Loan Fee
- Origination fee 1.5% (minimum $5,000)
- Application deposit used towards borrower third party costs and the origination fee
- All lender costs including required third party reports, search fees, and legal costs associated with closing the loan
IT TAKES MORE THAN GOOD INTENTIONS TO TRANSFORM COMMUNITIES.
IT TAKES CAPITAL, EXPERTISE AND TRUSTED PARTNERSHIPS.
Allen Place, Lansing MI
Allen Place is a comprehensive project that provides 21 units of mixed-income housing along with commercial space, integrative services and programming for the community. Facilities include a Health Clinic, an Incubator Program for aspiring culinary entrepreneurs, a Farmer's Market and a Food Co-op. This $11M project in Lansing, MI, serves as a nonprofit hub for neighborhood revitalization and for activities that promote the health and well-being of Lansing’s Eastside community.
The renovation project was sponsored by Allen Neighborhood Center (ANC), co-developed by Cinnaire Solutions and financed with $7.0M in loans from Cinnaire Lending and New Markets Tax Credits.
La Fiesta Early Development Center
Cinnaire provided a $1,600,000 loan to the Latin American Community Center (LACC) to expand its La Fiesta Early Development Center in Wilmington, Delaware. The census tract in this Hilltop neighborhood is approximately 50% Hispanic and LACC is one of the few agencies that serve a primarily Spanish speaking population. The children receive individualized daily care from highly qualified teachers in a Spanish immersion classroom and families are provided on-site mental health counseling, parenting workshops, art therapy classes and family fun activities. This project was financed in partnership with the State of Delaware, the Longwood Foundation and NCALL Loan Fund who provided New Markets Tax Credits along with a term loan.
The Arc of Delaware
The Arc of Delaware is a statewide nonprofit organization dedicated to advocating for and serving Delawareans with intellectual and developmental disabilities (I/DD) and their families. Arc connected with Cinnaire Lending Corporation (CLC) to refinance 14 single-family group homes. The homes are leased from ARC by residential service providers that oversee the physical and mental health services for  residents, including 24-hour staffing, access to public transportation, and in some homes, a vehicle is available for shopping, appointments and social activities.
Learn more about CDFI Lending's Special Programs.
Erik Ingbretson
Director, Loan Originations
Cinnaire Lending
30 Years of Community Impact
Cinnaire In Action
Uptown Reinvestment Corporation, a non-profit development organization in Flint, MI, partnered with Mott Community College to extensively renovate the iconic 100-year old Woolworth Building donated by the Charles Stewart Mott Foundation, to serve as the new home for the Mott Culinary Arts Institute. The new Culinary Arts Institute allowed MCC to expand their curriculum and to more than double their program capacity to serve approximately 400 students, bringing new students to the area and creating secondary economic impact in downtown Flint.
Cinnaire, in partnership with Chase, provided a $9 million New Markets Tax Credit (NMTC) allocation to support the project.
