Cinnaire Lending

People are the Why behind our goal of creating healthy, empowering communities. Funding, through Cinnaire Lending, is one of our primary hows. As a full-service Community Development Financial Institution (CDFI), Cinnaire Lending works with socially conscious investors and mission focused organizations to create out-of-the-box lending options to support housing and community development work. Our approach is based on nurturing partnerships and the ability to leverage donor and investment money and combine it with larger sources of capital.

Cinnaire Lending is a member of the Federal Home Loan Bank of Chicago, giving our development partners access to a number of useful products including gap financing. This gives us the ability to assist in preparing and submitting applications for Affordable Housing Program grants on behalf of our development partners (debt or equity).

Christopher Laurent

Pre-Development Loans

We support the vital first steps for our development partners as they lay the groundwork for community energizing projects. These loans are typically used for land acquisition, third-party due diligence costs, architectural and consulting fees, and other up-front costs.

Acquisition Financing

Revitalizing existing housing is an essential aspect of solving the affordable housing shortage. Cinnaire offers short-term financing for acquiring affordable multifamily properties and, if necessary, funding immediately needed health and safety repairs.

Permanent Financing

Sometimes a simple, straightforward loan package is just what’s needed. Our conventional and FHA financing for affordable housing, both immediate and forward commitment, are tried-and-true products to achieve that goal. And while titled “conventional,” our lending experts are highly creative in structuring and packaging permanent financing to best suit the needs of our development partners.

Flexible Financing

No two projects are alike, and an off-the-shelf lending solutions doesn’t always fit. Our lending professionals take pride in crafting innovative, customized solutions that address the unique needs of each project, including sponsoring Affordable Housing Program applications with the Federal Home Loan Bank of Chicago for gap financing.

Cinnaire has underwritten over $400 million in 575+ community development loans

Federal Home Loan Bank of Chicago Affordable Housing Program

Cinnaire is a member of the Federal Home Loan Bank of Chicago, or FHLBC, giving our clients access to its full suite of products. An important product for rental properties is the Affordable Housing Program, or AHP, which awards grant subsidies of up to $850,000 through a competitive process. These valuable grants, which do not have to be paid back, provide gap funding for affordable rental properties and dovetail well with LIHTC funding.

Lending - Chicago

Advancing Communities Podcast

Cinnaire’s Advancing Communities Podcast brings together our Chief Strategy Officer Jim Peffley with thought leaders, policy makers and others who are making an impact in the community development and affordable housing industries. Our guests share their experiences and perspective on a range of topics, each supporting the belief that all people deserve the opportunities provided by living in healthy communities.

To learn more about our Lending Services, contact:

Zina Risk

President, Cinnaire Lending
(312) 957-7239