2 LIHTC Lender jobs

JOB SUMMARY The position supports the underwriting process for permanent financing of mortgage and tax- exempt bonds secured by multifamily affordable housing developments within the State of California. Specific tasks include site inspections, appraisal review, pro-forma analysis, analysis of sponsor’s financial statements, and assisting with the preparation of loan underwriting credit packages. The position will also assist in analyzing existing commitments in the process of converting and funding to verify accuracy of underwriting at commitment. Interface extensively with team members and some sponsor/borrowers as analysis is performed. PRINCIPAL RESPONSIBILITIES 1.      Assist in the underwriting of permanent debt on affordable multi family rental projects utilizing 9% tax credits and 4% credits in tax exempt bond transactions within California. Analyzes project pro-forma sources/uses, appraisal, market studies, environmental...

KEY RESPONSIBILITIES   ·         Supports the Head of the Originations Department to provide business development and underwriting oversight to team members. Uses independent judgment and provides guidance to relationship managers and analysts in analyzing project pro-forma sources/uses, appraisal, market studies, environmental reports, sponsor financial statements, and other due diligence. ·         Provides guidance to loan origination team members on deal structuring for term sheets on prospective transactions. Support Originations by compiling and summarizing portfolio metrics on an as-needed basis. Coordinate with Fiscal Services department as necessary to gather data ·         Coordinate with the Asset Management department to confirm underwriting is consistent with existing portfolio performance....