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Multifamily Loan Originator - Affordable Housing

Salary
Competitive
Employment
Full Time
Real Estate Field
  • Legal / Transactions
Location
Chicago
 IL
Postal Code
60606
Country
United States

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Description


Job Summary

 

The ideal candidate will have extensive Affordable Multifamily Loan Originations experience, in broad geographic areas, with a preference for the Midwest. The candidate will bring a solid track record of accomplishments and be connected within the affordable housing industry.

 

Ideally this candidate will also have a background in originating multifamily affordable loans under the Federal National Mortgage Association (“Fannie Mae”) and balance sheet programs catering to permanent financing.

 

Benefits of SOME OF our RE Lending Platform:

  • Long term direct balance sheet lender
  • Agency lender (Fannie Mae, Freddie Mac and FHA)
  • Non-recourse loan products
  • 5, 7, 10, 12, 15, 30, 35 and 40-year fixed rate programs
  • 30 and 35-year amortization schedules
  • Up to 85% LTV
  • Competitive interest rates
  • Interest-only options are available
  • $310 billion company with a solid track record

 

Typical Responsibilities

  • Responsible for loan originations and transaction management, including but not limited to preliminary underwriting, structuring, and negotiating.
  • Primarily originate Fannie Mae Multifamily Affordable Loans and some affordable balance sheet loan...
  • Obtain required preliminary underwriting information.
  • Analyze preliminary loan information and provide initial loan sizing, pricing and terms.
  • Prepare term sheets and applications as part of the approval process.
  • Work with group head to strategize on identifying and winning both balance sheet and agency loans.
  • Utilize creative thinking and analytical skills to identify solutions and/or attractive affordable or workforce loan structures.
  • Establish strong professional relationships with existing and prospective borrowers.
  • Work with borrowers, as needed, to win loan opportunities.
  • Act as the Clients central point of contact with respect to all loan issues.
  • Ability to skillfully negotiate term sheets and/or commitments.
  • Work with local housing agencies and consultants to promote and market company products and platform.
  • Collaborate with other members of the investment team to achieve company objectives.

 

Knowledge Requirements

  • Bachelor’s degree required
  • 7-10 years of experience with an institutional real estate lender with responsibility for affordable multifamily real estate origination and transaction management.
  • Demonstrated origination track record with identifiable client list in affordable housing.
  • Strong knowledge of fundamental real estate cash flow and loan debt sizing for affordable and workforce multifamily loans.
  • A general understanding of low-income housing tax credit equity and subordinate financing structures.
  • Ability to analyze real estate markets/sub-markets and exit strategy tests at loan maturity.
  • Experience in multifamily real estate fundamentals, capital markets, and good working knowledge of current industry practices and market competition.

 

Competencies

  • Strong analytical skills with the ability to model and/or do initial loan sizing
  • Skillful negotiating techniques
  • Ability to operate autonomously with transparency and integrity
  • Dedication to providing excellent service to clients
  • Ability to multi-task among various client requests
  • Organized, diligent and detail oriented
  • Strong client management skills
  • Strong interpersonal skills to establish and manage relationships with borrowers, construction lenders and consultants
  • Excellent written and verbal communication skill
  • Meet borrower deadlines and make key recommendations and decisions
  • Willingness and ability to travel 

Job Functions


  • Investment Management
  • Transaction
  • Due Diligence
 

Job Sectors


  • Alternative Investments
  • Residential
 

Experience


7+ to 10 years


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