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Community Development Banking Underwriter
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$80,000 - $141,700 a year
Full-time
- Key responsibilities include underwriting aspects of a credit transaction (e.g., construction debt, term debt, and tax credit equity) for all product types, performing material modifications to existing facilities, and advising the Commercial Real Estate Banking portfolio group on any post-closing credit actions as needed.
- The CDB Underwriter will be joining a nationally recognized team known for developing project finance expertise for affordable housing and other commercial, retail and residential real estate projects that utilize tax credit equity.
- We specialize in debt financing and tax credit equity for projects that serve a range of affordable housing needs from individuals, families, seniors, students and veterans, to the formerly homeless, those with special needs and other at-risk groups.
- Leads the underwriting of secured and unsecured transactions to Commercial Real Estate clients, including real estate secured construction and term debt, tax credit equity investments, unsecured corporate revolvers, bridge financing, commercial agency warehouse lines, and subscription lines
- Post closing work as needed to advise, restructure or resolve in partnership with portfolio management, asset management and operations
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