Vice President, Community Development Lending
About The Position
BlueHub Capital is seeking an experienced Vice President of Community Development Lending to manage all aspects of BlueHub Loan Fund’s national, real estate-focused commercial lending program. The program serves a diverse group of borrowers, primarily affordable housing developers, K–12 public charter school operators, and community health centers. The role calls for demonstrated community development lending experience, a commitment to financing projects that benefit low-income residents, strong credit analysis and underwriting skills, and a proven business development record. The position reports to one of BlueHub Loan Fund’s Senior Vice Presidents of Lending. BlueHub seeks a candidate local to Boston, Massachusetts, who can work a hybrid schedule: in the office Tuesday through Thursday and remotely Monday and Friday. Remote candidates may be considered case by case, particularly those located in the New York/New Jersey market area. BlueHub Capital is a mission-driven nonprofit community development financing organization focused on building healthy communities where low-income people live and work. Its lending supports projects such as affordable housing, school facilities, community health centers, and grocery stores. BlueHub’s offices are in Roxbury, Boston, Massachusetts.
Requirements
- Bachelor’s degree.
- At least 8 years of experience in real estate finance.
- Strong credit analysis, underwriting, quantitative analysis, and financial analysis skills.
- Demonstrated experience in business development.
- Excellent organizational skills and the ability to work independently and as part of a team.
- Excellent verbal and written communication skills.
- Commitment to the mission and goals of BlueHub Capital.
Nice To Haves
- Advanced degree in Finance or Real Estate.
- Experience in multi-family affordable housing and the Capital Magnet Fund program.
- Experience in charter school facilities.
- Experience in community health center facilities.
- Experience in New Markets Tax Credit (NMTC) leverage loans.
Responsibilities
- Expand relationships with community leaders, mission-aligned developers and community-facility operators, CDFIs, lending partners, and other stakeholders.
- Identify commercial real estate lending opportunities and assess their feasibility, impact, and credit strength.
- Underwrite loans, primarily for affordable housing, school facilities, healthcare facilities, and grocery stores.
- Structure predevelopment, acquisition, construction, bridge, term, and leverage loans.
- Prepare approval memoranda and present credit recommendations to the BlueHub Loan Committee.
- Close complex loan transactions, including reviewing loan documents and negotiating with borrowers, other lenders, and public agencies.
- Manage an active portfolio of relationships in partnership with the Portfolio Management team.
- Provide borrowers with technical assistance to strengthen projects, identify additional resource needs, and help projects advance and succeed.
- Identify unmet capital needs in low-income communities that BlueHub Loan Fund could address with financial loan products.
- Represent BlueHub Capital publicly to external stakeholders.
- Occasionally participate in new product development, grant writing, Loan Fund policy and planning, and national CDFI activities and trainings.
- Perform other duties as assigned.
Benefits
- Health, dental, vision, life, and disability insurance, including additional reimbursement for out-of-pocket healthcare expenses.
- Competitive 401(k) matching.
- BlueHub benefits and stipends supporting employee wellness, sustainable practices, and charitable gift matching.
- Vacation time and paid leave, with generous rollover policies.
- Training and growth opportunities.
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What This Job Offers
Job Type
Full-time
Career Level
Senior
