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Senior Commercial Loan Officer
Location: Hybrid-Remote, this person must reside in the South Florida, preferably Miami area, but is not required to regularly report to an office
Overview
TalentoHCM is currently seeking a motivated and experienced Senior Commercial Loan Officer for a national award-winning non-profit organization, with a mission to rebuild and empower underserved communities. The organization provides access to affordable and equitable capital to homeowners, landlords, developers, contractors, and small businesses, fostering the transition towards an inclusive clean energy economy. As the Senior Commercial Loan Officer, you will play a crucial role in promoting sustainable and affordable housing through commercial lending projects. Your responsibilities will involve overseeing two primary loan products, one providing catalytic capital to minority and novice housing developers, and the other offering low-cost capital for landlords to implement efficiency and resiliency retrofits. In this dynamic position, industry experience, creativity, and drive are essential qualities.
Responsibilities
Marketing/Business Development:
Serving as the primary loan officer for the organization’s commercial lending projects.
Assisting in developing a lending pipeline by screening inquiries, identifying and responding to new business opportunities, and engaging with clients, potential borrowers, and lending partners to discuss their development pipelines and credit needs.
Managing and strengthening relationships with borrowers, funding partners, technical assistance providers, local governments, and community organizations.
Making workshop presentations and participating in forums to inform the public and special audiences about borrower opportunities.
Collaborating with sources of project capital, such as primary lenders, grantors, and public funds.
Partnering with technical assistance providers to deliver training services to prepare potential borrowers for the borrowing process.
Underwriting:
Performing due diligence, site inspections, appraisal review, credit evaluations, and financial statement and pro-forma credit analysis of potential borrowers.
Preparing credit memos and supporting documentation to present loans for internal review and approval.
Originating, underwriting, and analyzing loan applications for commercial loans.
Applying creativity while working within established underwriting criteria to ensure projects maximize social impact and remain financially viable.
Closing, Monitoring, and Servicing:
Following financial approval, drafting a commitment letter and coordinating loan documentation and work to be performed by the team.
Maintaining communication with the borrower and servicer throughout the loan process, inspecting the final product, and ensuring borrower satisfaction before initiating servicer payment.
Ensuring compliance with Green Certification standards by working with partners.
Meeting lending goals
Requirements
A Bachelor’s Degree, preferably in a business-related field.
A minimum of 3-5 years of experience in construction and commercial lending for multi-family housing developments.
A valid NMLS license.
Experience with construction loans and multifamily affordable and workforce housing loans, including debt structuring and capital stacking (preferred).
Knowledge of the principles of CRE (Commercial Real Estate) underwriting and financing processes, such as predevelopment, acquisition, construction, bridge, and permanent loans.
Experience with proformas, credit analysis, deal structuring, underwriting, due diligence, and loan closings.
Strong analytical skills, including the ability to analyze proformas and create spreadsheets for analysis.
Proficiency in Microsoft Excel, PowerPoint, and Word.
Experience with housing development financial structures.
Experience with community development financial tools, including LIHTC (Low-Income Housing Tax Credits), NMTC (New Markets Tax Credits), tax-exempt bonds, and federal, state, and city subsidy programs (desirable but not required).
Experience with mortgage lending (desirable).
Excellent verbal and written communication skills.
Highly organized and detail-oriented
Salary Range: $90K – $110K DOE
Talento Human Capital Management is an equal opportunity employer. People are at the center of what we do! Our organization continues to thrive through our ongoing commitment to building an inclusive and diverse workforce from different backgrounds, perspectives, and skills is how.
People + Passion + Perseverance = Progress.
About Talento:
Talento Human Capital Management provides talent and organizational solutions enabling businesses to evolve beyond tactical human resources management. Our footprint spans across the Americas, Europe and Asia.
