Senior Vice President, Underwriting

Commercial Property Assessed Clean Energy (C-PACE) is commercial real estate financing that allows property owners to upgrade existing building stock or complete capital stacks for new construction projects. PACE Loan Group (PLG) is a leading lender in this space.

We are adding an SVP, Underwriting to our team. We are a small company, so you will immediately have an impact on our team. You will work with seasoned real estate finance veterans, and you will learn about a growing field in CRE finance.

Reporting to your Managing Director, your day-to-day responsibilities will vary, but primarily will be focused on underwriting and closing commercial PACE loans. If you have a drive to learn and work hard, and enjoy a small, growing environment, this is the role for you!

Underwriting Responsibilities

• Work closely with originators, assess and underwrite complex deals that may use historical tax credits, TIF funding, grants and other sources in their capital stack

• Underwrite multiple asset classes (i.e. multifamily, office, retail, mixed use, etc.)

• Organize and lead kickoff calls with borrowers and other parties in the deal

• Conduct due diligence, and troubleshoot underwriting issues

• Interact with legal teams to ensure deal documents are prepared appropriately

• Execute the PACE due diligence process on (“house” and originator-led) deals

• Review for completeness/accuracy and synthesize appraisal data for the appropriateness of the deal

• Review organizational documents of borrowers to ensure proper loan structuring

• Scrutinize title work for potential issues that impede/supersede a PACE assessment

• Review insurance for all applicable requirements

• Complete underwriting in a timely fashion, in line with closing deadlines

• Close deals working with title companies, banks, attorneys, and other parties, as needed, to ensure timely closing/funding of the loan

• Other tasks as needed

Qualified Applicants have/are:

• At least five years’ experience in finance, and/or commercial real estate

• Strong Excel knowledge

• Problem-solving attitude (identify issues, but also suggest solutions)

• Detail-oriented with demonstrated ability to follow through on tasks

• Ability to work in a fast-paced environment and deliver accurate, quality work-product

• Ability to thrive in a small company, wear multiple hats and grow with the company

We're proud to be an equal opportunity employer and welcome our employees’ differences, regardless of race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, or Veteran status. Difference makes us better. Join us.

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