Vice President, Community Development Lending
About The Position
BlueHub Capital is seeking an experienced and dynamic Vice President of Community Development Lending to deliver all aspects of BlueHub Loan Fund’s real estate-focused lending program to a diverse set of borrowers, primarily developers of affordable housing, operators of K-12 public charter schools, and community health centers. The role manages commercial lending services across a nationwide portfolio and calls for demonstrated community development lending experience, a commitment to directing capital to projects that benefit low-income residents, strong credit analysis and underwriting skills, and a proven business development track record. The position reports to one of BlueHub Loan Fund’s Senior Vice Presidents of Lending. BlueHub seeks someone local to the Boston, Massachusetts area who can work a hybrid schedule of three office days (Tuesday through Thursday) and two remote days (Monday and Friday). Remote candidates may be considered case by case, particularly those in the New York/New Jersey market area. The role includes building relationships, identifying and underwriting commercial real estate opportunities, structuring and closing loans, and managing borrower relationships in partnership with Portfolio Management. It also involves providing technical assistance, identifying unmet capital needs, representing BlueHub externally, and occasionally contributing to product development, grant writing, policy and planning, and national CDFI activities and trainings.
Requirements
- Bachelor’s degree.
- Eight or more years of experience in real estate finance.
- Self-motivated, with excellent organizational skills.
- Able to work independently and as part of a team.
- Strong quantitative and financial analysis skills.
- Demonstrated experience with business development.
- 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 with New Markets Tax Credit (NMTC) leverage loans.
Responsibilities
- Expand relationships with community leaders, mission-aligned developers and operators of community facilities, CDFIs, lending partners, and other stakeholders.
- Identify potential commercial real estate lending opportunities and screen them for feasibility, impact, and credit strength.
- Underwrite loan transactions, 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 technical assistance to borrowers to strengthen projects, identify additional resources, and help projects advance and succeed.
- Identify unmet capital needs in low-income communities for which BlueHub Loan Fund can provide financial loan products.
- Represent BlueHub Capital publicly to external stakeholders.
- Occasionally contribute to 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, growth opportunities, and infrastructure to support career development.
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What This Job Offers
Job Type
Full-time
Career Level
Senior
