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Multifamily Loan Originator - Affordable Housing

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

This job is no longer active.

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 
 
 

Experience


7+ to 10 years


This job is no longer active.

Legal / Transactions Residential Chicago Full Time IL Investment Management, Transaction, Due Diligence Multifamily Loan Originator - Affordable Housing other