Permanent Debt Relationship Manager - Global Commercial Banking/Community Development Banking (CDB)
Company: Disability Solutions
Location: Boston
Posted on: May 5, 2024
|
|
Job Description:
Job Description:At Bank of America, we are guided by a common
purpose to help make financial lives better through the power of
every connection. Responsible Growth is how we run our company and
how we deliver for our clients, teammates, communities and
shareholders every day. One of the keys to driving Responsible
Growth is being a great place to work for our teammates around the
world. We're devoted to being a diverse and inclusive workplace for
everyone. We hire individuals with a broad range of backgrounds and
experiences and invest heavily in our teammates and their families
by offering competitive benefits to support their physical,
emotional, and financial well-being.Bank of America believes both
in the importance of working together and offering flexibility to
our employees. We use a multi-faceted approach for flexibility,
depending on the various roles in our organization. Working at Bank
of America will give you a great career with opportunities to
learn, grow and make an impact, along with the power to make a
difference. Join us!Bank of America's Community Development Banking
(CDB) group is seeking a Permanent Debt Relationship Manager to
join our North Region client coverage team. CDB is part of the
Commercial Real Estate Bank (CREB) and is committed to building
stronger and healthier neighborhoods in low- and moderate-income
communities by providing financing solutions, including equity
investments, to for-profit and non-profit developers of affordable
multifamily housing. In 2023, CDB delivered $7.1 billion in debt
financing and equity investments to help build vibrant, sustainable
communities through affordable housing and economic development
across the country. This position supports the North Region
Community Development Banking team which covers affordable housing
developers in the Northeast and Midwest with offices in New York,
Chicago and Boston. The candidate will be responsible for
partnering with regional Relationship Managers to identify and
structure permanent debt solutions which align with Bank of America
construction loans and LIHTC investments to support affordable
multifamily development and preservation. In this role, the
candidate will prepare permanent loan proposals in conjunction with
designated Bank of America partners as well as other lenders,
manage permanent lender relationships, provide market updates,
manage pipeline reporting, ensure compliance with Bank guidelines
and facilitate loan conversions. In addition, Permanent Debt
Relationship Managers are responsible for coordinating Federal Home
Loan Bank AHP submissions and identifying refinancing opportunities
on behalf of Bank of America clients.The Permanent Debt
Relationship Manager works across our region with our best
customers and prospective clients to create perm loan financing
strategies for the development of affordable housing, community
revitalization and rehabilitation. The Permanent Debt Relationship
Manager acts in an advisory capacity to assist Relationship
Managers and clients in accessing solutions to meet the clients'
financial perm debt needs including GSE, life company, housing
agency and CDFI programs for both taxable and tax exempt
executions.Candidate MUST have prior Commercial Real
Estate/Community Development and/or GSE lending experience;
affordable housing finance, LIHTC investment or similar experience
a plus. Relationships with leaders in the affordable housing
industry, CDFIs, tax credit investors, syndicators, municipalities,
state agencies, intermediaries, consultants, and other lenders is
also desirable.QualificationsMinimum 5 years' experience working
within Commercial Real Estate, Community Development or related
fields.Bachelor's Degree (Master's degree a plus).Excellent
communication and presentation skills.Strong knowledge of real
estate debt markets, GSE and other permanent loan providers, as
well as credit underwriting fundamentals.Must possess the
flexibility to travel throughout the region in support of
Relationship Managers and clients.Shift:1st shift (United States of
America)Hours Per Week: 40
Keywords: Disability Solutions, Billerica , Permanent Debt Relationship Manager - Global Commercial Banking/Community Development Banking (CDB), Executive , Boston, Massachusetts
Click
here to apply!
|