Senior Loan Officer - Housing Trust of Silicon Valley

Join Housing Trust Silicon Valley as a Senior Loan Officer in Oakland, CA, where your passion meets purpose in a mission-driven, collaborative environment. In this hybrid role, you'll originate and manage loans that support affordable housing developers across the region, helping to implement targeted programs that reduce homelessness and preserve and expand multifamily housing. Reporting to the Chief Lending Officer, you'll collaborate with public and private stakeholders-and have the autonomy to shape lending strategies that drive real, long-term change. Are you ready to make a lasting impact on affordable housing in the Bay Area? Apply today!

Another Source's client, Housing Trust Silicon Valley, is recruiting a Senior Loan Officer to join their team in Oakland, CA. This is a hybrid position, requiring in-office presence three days per week during the initial 90-day period. After that, the expectation will shift to two days per week in the office. You will primarily work in Oakland, CA but will also be in the San Jose office as needed.

Here's a little about Housing Trust Silicon Valley and the position they are recruiting for:

Spearheaded by the County of Santa Clara and the Silicon Valley Leadership Group, a coalition of affordable housing advocates, local businesses, and philanthropic foundations came together to form the nonprofit Housing Trust Silicon Valley. Since its founding in 2000, Housing Trust has stood out as a unique organization where public and private resources converge in innovative ways to support a broad range of housing solutions-from homeownership and rental housing to homelessness prevention.

Learn more about Housing Trust Silicon Valley here: https://housingtrustsv.org/about/

About the role:

The Senior Loan Officer, reporting to the Chief Lending Officer, plays a pivotal role in advancing Housing Trust's Multifamily Lending (MFL) initiatives. This position is responsible for originating and managing loans to support affordable housing developers across the Bay Area. The Senior Loan Officer helps implement targeted loan programs designed to reduce homelessness and preserve and expand the region's multifamily housing stock. In addition, the role involves cultivating strategic partnerships with cities, counties, financial institutions, corporations, and community organizations to increase Housing Trust's lending impact while ensuring prudent risk management.

The anticipated yearly salary range for this position is: $130,000 - $150,000 annually based on experience.

What you will be doing:

Loan Underwriting

Underwriting loans for affordable housing development, including predevelopment, acquisition, construction, and permanent financing purposes

• Collaborating with the Manager of Multifamily Lending to gather essential information needed to process loan applications and underwrite loan requests

• Identifying key project risks and structuring appropriate mitigants independently

• Leading research efforts on new proposed funding methods and assessing their viability

• Preparing analyses of project and borrower financial information-such as operating statements, pro-forma budgets, and borrower financials-as directed by the Chief Lending Officer and/or Manager of Multifamily Lending

• Generating initial termsheets independently, developing loan proposals, and presenting to loan committees

• Conducting site visits as part of the underwriting process

• Assessing the viability of soft funding sources by verifying award likelihood and corroborating potential with awarding city, county, or state agencies

• Ordering and reviewing third-party reports, including appraisals, Phase I Environmental assessments, and plan and cost reviews

Business Development

• Cultivating existing relationships with current and former borrowers

• Marketing loan programs to prospective borrowers, including nonprofit and for-profit affordable housing developers

• Monitoring the evolving financing needs of affordable housing developers to help inform new product development

• Assisting with presentations and developing communications and materials for conferences, events, and the company website

• Representing Housing Trust as part of the Lending Team at conferences, events, and meetings

• Pursuing new borrower relationships and scheduling meetings independently or in coordination with the Chief Lending Officer or Multifamily Lending Manager

Strategy & General Management

• Contributing to the multifamily lending team's achievement of goals and execution of strategies for deploying Housing Trust capital sources

• Supporting the multifamily loan program by suggesting new product designs or enhancements to existing offerings

• Participating in the cultivation of external relationships with all levels of local government

• Managing relationships with outside investors, including proposing meeting agenda items and leading recurring discussions on loan opportunities

Loan Administration & Reporting

• Serving as a resource and providing support to Loan Administration for loan closings as needed

• Supporting smooth cross-functional coordination for reporting and compliance with Housing Trust investors, including bank pool participants, government agencies, and other stakeholders

• Serving as a resource and providing support to the Asset Management team on the existing portfolio as needed

• Assisting proactively with initiatives to strengthen and maintain the risk grading system, participating in quarterly portfolio reviews, and managing the lending relationship side of asset management activities with minimal supervision

What we would like to see from you:

• Bachelor's degree in business, finance, real estate, urban planning, or economics.

• At least 7 years' experience in affordable housing or commercial real estate lending. Additional years of experience can substitute for a bachelor's degree.

• Financial modeling skills in Excel are required.

• Expert knowledge of federal, state, and local government funding sources for capital and operating needs of multi-family housing, affordable housing and/or permanent supportive housing, (e.g., LIHTC, HUD programs, etc.) required.

• Expert knowledge of financial tools and products, including familiarity with public and private funding sources for capital and operating needs related to affordable housing.

• Exceptional relationship-building skills, with a desire to work in a highly external-facing role.

• Experience in analyzing financials of nonprofit and for-profit organizations and real estate operations (in particular, rental housing).

• Detailed knowledge of due diligence items required to underwrite real estate transactions including but not limited to appraisals, environmental, property needs assessments, market studies, geotech and construction cost review reports.

• Experience working with both private sector financial institutions and public agencies.

• Excellent public presentation skills and experience.

• Proficient in Microsoft Office, file management software (Box), and CRM software (Salesforce)

• Ability to manage multiple tasks while exhibiting strong attention to detail and a high level of accuracy. Strategic thinker, able to envision and articulate creative approaches to address community development opportunities.

• Strong time management and organizational skills and ability to manage multiple tasks requiring attention to detail; ability to meet ambitious goals while working with a high level of independence.

• Ability to work effectively in a team environment and collaborating across various levels of diversity including race, color, national origin, ancestry, sex, marital status, disability, religious or political affiliation, actual or perceived gender identity, age, or sexual orientation.

• Embrace a work culture that celebrates creativity and innovation. Operate with the highest degree of integrity.

What's in it for you:

Housing Trust Silicon Valley offers a comprehensive compensation and benefit package, including:

• Medical, Dental and Vision benefits fully covered for employees. Eligible dependents covered at 50%.

• 401K employer contribution at 3% and additional match up to 2%.

• Three (3) weeks of paid vacation

• Twelve (12) paid sick days.

• 11 paid holidays

• Paid year-end shutdown (for winter holidays)

• End of year bonusprogram

• Tuition reimbursement program and more!

Learn more about the benefits here: https://housingtrustsv.org/wp-content/uploads/2021/05/HT-Snapshot-of-Benefits.2021.pdf

Equal Employment Opportunity and Non-Discrimination:

Housing Trust is an equal opportunity employer to all regardless of race, color, national origin, ancestry, sex, marital status, disability, religious or political affiliation, actual or perceived gender identity, age or sexual orientation. Housing Trust is committed to diversity, equity and inclusion and our goal is to have a workforce (at all job levels) that is representative of the communities we serve.

Another Source works with their clients, on a retained project basis. We are committed to building inclusive candidate pools as we partner with hiring teams. Veterans, women, people of color, LGBTQIA+, and people with disabilities are encouraged to apply. As you read through the job posting and review the list of qualifications (required and/or preferred), please do not self-select out if you feel you do not meet every qualification. No one is 100% qualified. We encourage you to apply and share your story with us.

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