Berkadia Affordable, Tax Credit Syndication

Marge Novak brings over 25 years of LIHTC experience to Berkadia.  In her role as SVP and Head of Capital Markets, Novak is responsible for raising capital, recruiting new investors, managing investor relationships and coordinating overall capital raising efforts with internal staff and external partners.  She previously served as EVP, Capital Group at Cinnaire where she was responsible for all capital raising efforts and was a member of the Executive Team and Finance Committee.  During her 9 years at Cinnaire, Novak led the company in raising $1.8 billion in LIHTC equity, some of the highest levels of capital in the company’s history.

Prior to joining Cinnaire, Novak was the Executive Director of the Ann Arbor Housing Commission. Previously she was Director of LIHTC for Fannie Mae, Vice President of Funds Management for the National Equity Fund, and Director of Tax Credits for the Illinois Housing Development Authority.

Education & Certifications

  • Brandies University - Bachelors in Economics
  • The University of Chicago - MBA (Finance)
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