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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

Sarah Greenberg has joined Cinnaire as senior vice president, underwriting – debt, in the organization’s Madison, Wis., 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, Greenberg 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, Greenberg 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. Greenberg 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, Del., 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, Iga 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

Elaine Magil recently joined Cinnaire’s Wilmington team as senior vice president of underwriting – equity to lead its equity underwriting. Magil 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. Magil serves on the board of directors for Action Housing Inc. and the Steering Committee for Women in Housing and Finance of Pennsylvania.

Larry Chan

Larry Chan has joined Cinnaire’s Wilmington team as an equity underwriter, supporting Cinnaire’s LIHTC investing cross its nine-state footprint. Chan 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

Erik Ingbretson has been appointed portfolio manager, community development, in Cinnaire’s Chicago, Ill., office. Ingbretson 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, Ingbretson 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.