Ian McCormack Promoted to Senior Vice President of Development - Finance
McCormack Baron Salazar (MBS) is pleased to announce that Ian McCormack has been promoted to Senior Vice President of Development - Finance. McCormack will work with the heads of new business, development finance and asset management to underwrite new and current transaction structures from a risk/return prospective. He will help drive deals to closings, overseeing them from new business to development.
McCormack will be responsible for ensuring that all financing structures meet MBS standards. He has more than 13 years of experience in structuring and underwriting mixed-finance, low-income housing tax credit, workforce and new markets tax credit developments, corporate risk management, and new business. Since joining MBS in 2009, McCormack has worked on and closed transactions totaling more than $500 million in total investment, for the development of more than 2,000 mixed-income residential units, creating sustainable, transformative communities across the United States.
McCormack holds a Bachelor of Science degree in finance from the University of Illinois in Urbana-Champaign, Ill., and two law degrees from Washington University in St. Louis.
“Ian has a deep understanding and comprehensive knowledge of the intricacies of affordable housing finance and the details of regulations across the states in which we work,” said Vincent R. Bennett, CEO and President of McCormack Baron Salazar. “We’re excited he will be filling this new role that fully draws on his skills and expertise in structuring mixed-finance real estate deals.”