Cinnaire Bridge Loan
Cinnaire is a full-service community development financial partner that supports community stabilization and economic development by developing and nurturing partnerships with investors and mission-focused organizations. Cinnaire provides creative loans, investments, and best-in-class services to partners. Cinnaire has been in operation for 22 years and has locations in Michigan, Delaware, Indiana, Illinois, Wisconsin, upstate New York and Minnesota. It manages over $2.95 billion of equity investments and permanent loans in the community redevelopment space.
To support Delaware's revitalization efforts, Cinnaire established a Bridge Loan to bridge receipt of DDD “Large Project Set-Aside” Grants. Because DDD grants may not be disbursed until projects are placed in service, the Cinnaire DDD Bridge Loan benefits borrowers by monetizing the grant up front.