Vice President , Senior Loan Originator, Small Balance Multifamily/Agency

SVI Recruiting Group

Vice President , Senior Loan Originator, Small Balance Multifamily/Agency

Des Moines, IA
  • Responsibilities

    Top 10 Non-Bank Originator of Agency Multifamily is growing and is hiring in key growth markets. To be considered for the highly visible opportunity you MUST have direct Multifamily/Commercial Real Estate Origination experience, focused on Agency Products.

    Freddie Mac Small Balance Lender – $1 million to $7.5 million - Fannie Mae Small Balance Lender – $1 million to $5 million - Proprietary Bridge Loan Program – $5 million to $50 million Benefits of SOME OF our loan programs - Non-recourse - No escrows for ongoing replacement reserves - 5, 7, 10, 12, 15 and 30-year fixed rate programs – eliminate interest rate uncertainty with a long term fixed rate - 30-year amortization schedule – reduce your monthly payments and increase your cash flow - Up to 80% LTV – cash out equity on a refi or reduce your down payment on an acquisition - Very low rates – - Very low closing costs - Interest-only options are available

    Job Summary

    The ideal candidate will have extensive Small Balance Loan (SBL) Multifamily /Agency Multifamily OR Agency Focused Origination work experience, in broad geographic areas, across numerous property types. The candidate will bring a solid track record of accomplishments and be connected within the broker / borrower industry. A thorough understanding of commercial real estate fundamentals, real estate finance, capital markets, and good working knowledge of current lending guidelines.

    Essential Duties & Responsibilities

    • Responsibility for commercial whole loan origination and transaction management, including but not limited to preliminary underwriting, structuring, and negotiating.
    • Prepare term sheets and applications as part of the approval process
    • Utilize creative thinking and analytical skills to identify solutions and/or attractive commercial loan structures
    • Establish strong professional relationships with existing and prospective clients
    • Obtain required preliminary underwriting information.
    • Review preliminary loan information and provide initial loan sizing, pricing and terms
    • Recommend to client appropriate financing alternatives
    • Act as the Client’s central point of contact with respect to all loan issues
    • Ability to skillfully negotiate loan applications

    Education, Skills, & Experience

    • Bachelor’s degree required
    • 7-10 years of experience with an institutional real estate lender with responsibility for commercial real estate origination and transaction management.
    • Demonstrated origination track record with identifiable client list
    • Extensive knowledge of fundamental real estate cash flow and valuation analysis for office, industrial, retail, self-storage, manufactured housing communities, hotel and multifamily sectors
    • Ability to analyze real estate markets and sub-markets and the positioning of the subject property within them
    • Strong analytical skills with the ability to model complex financial structures.
    • Skillful negotiating techniques
    • Dedication to providing excellent service to clients
    • Ability to review and analyze third party reports including engineering, environmental and appraisal reports
    • Highly organized, diligent and detail oriented
    • Strong project management skills
    • Exemplary interpersonal skills to establish and manage relationships with borrowers, mortgage bankers and team members
    • Excellent written and verbal communication skill