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Cinnaire Lending has announced the closing of a $5 million revolving pre-development line of credit to The Michaels Organization to advance its mission of creating sustainable, affordable housing solutions for communities in need, supporting the development of more than 700 affordable apartment homes across three multi-family properties located in Camden, NJ; Honolulu, HI; and Guaynabo, PR. A big shout out to our colleagues for their exceptional work closing this line of credit including Jacob Stern, Erik Ingbretson, Matt Wootton and Wayne Bota. Together with our partners at The Michaels Organization, we are making a lasting impact on communities and improving the quality of life for countless individuals. To read the announcement, please visit: https://lnkd.in/g8FnnkSz

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John Gloria

Superintendent at The Michaels Organization

2w

Keep growing!

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