Loan Officer, Northeast Region

Low Income Investment Fund•New York, NY

2d•Hybrid

About The Position

The Low Income Investment Fund is a non-profit Community Development Financial Institution (CDFI) that mobilizes capital and partners to achieve opportunity, equity and wellbeing for people and communities. LIIF innovates financial solutions to create more equitable outcomes for all by building and preserving affordable homes, quality educational opportunities from early childhood through higher education, health clinics, healthy food retail and community facilities. In this way, LIIF provides a bridge between private capital markets and communities. LIIF’s headquarters is in San Francisco and has offices in Los Angeles, New York, Atlanta, and Washington D.C. The Loan Officer position is New York City-based, serving a geographic area that includes, but is not limited to, the New York City metro area, New York State, and other states throughout the Northeast United States. The Loan Officer is responsible for originating and underwriting loans that support the development of affordable housing and, occasionally, community facilities the region. Financing may include acquisition/predevelopment, construction, and term loans, as well as transactions involving Low Income Housing Tax Credits (LIHTC), , and, in some cases, grant components. The Loan Officer plays a key role in structuring transactions, preparing credit memos, and guiding loans through approval, closing, and post-close management. This position supports regional lending goals, engages in marketing and business development, and represents the organization externally.

Requirements

Bachelor’s degree in finance, real estate, urban planning, public policy, business administration, or a related field.
Minimum of 5 years of progressively responsible experience in real estate or community development lending.
Proven experience in loan underwriting, credit analysis, structuring, and closing.
Strong skills in financial modeling and reviewing financial statements.
Excellent written and verbal communication, including public speaking.
Familiarity with public and private sector financing sources, including LIHTC, and other affordable housing tools.
Ability to work independently and manage competing priorities with limited supervision.
Strong relationship-building skills and an interest in long-term client engagement.

Nice To Haves

Experience working with nonprofit developers, community development financial institutions (CDFIs), or public agencies.

Responsibilities

Identify and pursue new lending opportunities in collaboration with the regional team.
Maintain strong, consultative relationships with current and potential borrowers, developers, and lending partners.
Represent the organization at industry events and meetings with public officials, clients, and community groups.
Monitor local, regional, and national trends impacting affordable housing and real estate finance.
Contribute to new product development through market research and credit risk evaluation.
Evaluate borrower applications through in-depth financial and organizational analysis.
Structure loans to meet borrower’s needs while aligning with internal credit guidelines and risk tolerance.
Conduct thorough due diligence including site visits, market analysis, financial modeling, entitlement and environmental review, and assessment of sponsor capacity and leadership.
Analyze transactions that may include grants or subsidy layering.
Collaborate closely with internal stakeholders, including the Underwriter, Market Director, Director, Chief Credit Officer, and Chief Lending Officer—during deal structuring and review.
Prepare credit memos and present to loan committee and/or other approving bodies for final approval.
Serve as liaison between borrowers and co-lenders or participants for shared transactions.
Coordinate due diligence, approvals, and loan structuring in alignment with partnership agreements and internal policies.
Partner with legal counsel, Loan Administrators, and borrowers to close loans, ensuring loan documentation reflects approved business terms.
Maintain complete and accurate loan files throughout the closing process.
Provide support to Asset Managers post-closing to ensure ongoing loan monitoring, reporting, and relationship management.
Collaborate as part of a relationship management team for each borrower.
Participate in internal initiatives, process improvements, and cross-functional collaboration to support overall strategy and mission.
Take on organization-wide or cross-departmental leadership opportunities as appropriate.