Commercial Real Estate Construction Loan Admin
About The Position
U.S. Bank is seeking a Commercial Real Estate Construction Loan Administrator to support complex commercial construction lending projects from pre-closing through project completion. This role serves as a key partner to Relationship Managers, borrowers, attorneys, title companies, construction consultants, and other internal stakeholders to ensure construction loan disbursements are properly administered and the bank's interests are protected throughout the life of each project. The position focuses specifically on commercial real estate construction lending and construction disbursement administration. Team members oversee construction budgets, review draw requests and supporting documentation, monitor project progress, analyze funding requirements, and facilitate loan disbursements until construction is complete.
Requirements
- High school diploma or equivalent.
- Three to five years of experience in commercial real estate loan administration, construction lending, construction disbursement administration, or a related field.
- OR Seven or more years of transferable experience in commercial lending, commercial real estate, construction finance, real estate development, general contracting, or related construction industry functions.
Nice To Haves
- Experience supporting commercial real estate construction loans and construction disbursements.
- Strong understanding of commercial construction projects, including project budgets, draw administration, contractor payment processes, and construction documentation.
- Knowledge of commercial real estate lending structures and project financing.
- Familiarity with construction contracts, change orders, lien waivers, title requirements, and inspection processes.
- Experience working with developers, contractors, subcontractors, or commercial real estate organizations.
- Ability to analyze complex financial and project documentation while maintaining attention to detail.
- Strong relationship management and communication skills with both internal and external stakeholders.
- Experience managing multiple projects and competing priorities in a deadline-driven environment.
Responsibilities
- Review and analyze construction loan documents before closing, with a focus on construction disbursement requirements and project funding structures.
- Participate in the negotiation and administration of construction-related loan provisions to ensure appropriate controls and risk mitigation.
- Establish and maintain construction budgets, funding sources, and project cost tracking throughout the construction lifecycle.
- Review construction draw packages, including invoices, contractor pay applications, change orders, lien waivers, and supporting documentation.
- Analyze project expenditures and verify that disbursement requests align with approved budgets and project progress.
- Coordinate with inspectors, title companies, attorneys, borrowers, and relationship managers to support timely funding decisions.
- Monitor projects to identify budget shortfalls, documentation deficiencies, title concerns, insurance issues, or other risks that could impact project completion.
- Validate construction progress through inspections and supporting documentation prior to loan funding.
- Prepare recommendations and obtain necessary approvals before construction draw disbursements are released.
- Maintain ongoing oversight of assigned construction projects from closing through stabilization and transition to long-term servicing teams.
Benefits
- Healthcare (medical, dental, vision)
- Basic term and optional term life insurance
- Short-term and long-term disability
- Pregnancy disability and parental leave
- 401(k) and employer-funded retirement plan
- Paid vacation (from two to five weeks depending on salary grade and tenure)
- Up to 11 paid holiday opportunities
- Adoption assistance
- Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
High school or GED
