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2025 Women In Real Estate Awards
Chicago & Midwest
Marge Novak
Recently closed a $100-million national LIHTC fund
While with Cinnaire, raised $1.8 billion in LIHTC equity
In her role as Senior Vice President and Head of Capital Markets, Marge 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 has taken the lead in closing several Berkadia multi-funds, including a California regional fund and, most recently, a $100-million national LIHTC fund.
Prior to joining Berkadia, Novak served as Executive Vice President, 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 nine years at Cinnaire, Novak led the company in raising $1.8 billion in LIHTC equity.
Novak is a member of the Senior Management team for Berkadia’s Tax Credit Syndication (TCS) Group and a member of the TCS Investment Committee. She represents Berkadia as a speaker on industry-specific conference panels. GlobeSt honored her with its Women of Influence award.
These are just a few reasons Marge Novak is among the Chicago & Midwest Connect CRE 2025 Women in Real Estate Award winners. Connect CRE’s Women in Real Estate Awards honor the achievements and inspirational stories of women who have reached respected leadership positions and taken on mentorship roles.