Loan Officer

About the Organization

The Momentus Capital branded family of organizationswhich includes Capital Impact Partnersand CDC Small Business Financeand Momentus Securities(an SEC-registered broker-dealer, MSRB-registered, FINRA/SIPC member) - are transforming how capital and investments flow into communities to provide people access to the capital and opportunities they deserve.

We are working to reinvent traditional financial systems and advance locally-led solutions that create economic mobility and generational wealth. Through our continuum of financial,knowledge, and social capital, we offer a comprehensive package of loan products, impact investment opportunities, training and business advising programs, and technology solutions.

Our holistic and streamlined approach offers comprehensive solutions for small business entrepreneurs, real estate developers, community-based organizations, and local leaders at every stage of growth, from inception to expansion. When these leaders have the opportunity to succeed, their communities, their residents and our country thrive.

POSITION SUMMARY:

The Loan Officer position is part of the Community Development Lending (CDL) team under Capital Impact Partners (CIP). The Loan Officer may work remotely, but preference is given to candidates located in the same city as one of the following CIP offices: Austin, TX, New York, NY, and Atlanta, GA. This role will work on projects across the country.

The ideal candidate is passionate about community and economic development, impact investing, and social justice.

The Loan Officer is responsible for originating and underwriting acquisition/predevelopment, construction, lines of credit, and term loans to support projects in Capital Impact's key sectors: housing, healthcare, education, healthy food, aging, and cooperatives. The position also involves closing transactions that utilize New Markets Tax Credits (NMTCs).

In accordance with Capital Impact's lending policies and procedures, the Loan Officer prepares and presents loan narratives and credit memos to the loan committee or other approved Momentus Loan Administration groups for closing. Additionally, they collaborate with the Momentus portfolio management team on ongoing asset management. The role also supports the achievement of lending work plan goals, markets Momentus products, and manages relationships with borrowers, lending partners, technical assistance providers, government agencies, and public officials.

REPORTING RELATIONSHIPS:

The Loan Officer reports to the Director of, Southern Region. The Loan Officer works closely with the Capital Deployment team, Business Development Officers, and Underwriters on loan closings. They also work with Underwriters and Portfolio Managers on asset management. The Loan Officer communicates regularly with borrowers, third-party lenders, attorneys, and other external stakeholders. Additionally, they attend loan committee meetings and represent Momentus/CIP to outside groups as needed.

Essential Responsibilities

Marketing/Business Development:

• Supports the team in developing the lending pipeline by: helping to screen inquiries for mission and strategic alignment, feasibility, and project readiness; identifying and responding to new business opportunities; and meeting regularly with current CIP clients, potential borrowers, and lending partners to discuss their development pipelines and credit needs.
• Attends various industry and client functions, representing Momentus/CIP as a part of the client team.
• Maintains current knowledge of local, regional, and national trends and conditions in the real estate development sector, including policy initiatives that will affect the underwriting, financing, and development processes.
• Contributes to new product development including researching and analyzing market needs and analyzing credit risk of new product opportunities.

Underwriting:

• Structures loans both to meet customers' needs and to comply with internal guidelines based on extensive review and analysis of information gathered from the potential borrower and other sources and in consultation with the Head of Community Development Credit, the SVP of CDL, the Programs team, and other relevant Momentus/CIP staff.
• Performs due diligence review and evaluation of loan requests, which sometimes include a grant component, including conducting site inspections, analyzing cash flow projections, reviewing appraisals, assessing entitlement status, reviewing environmental reports, understanding market and operating strategy for community facility projects, reviewing organizational capacity and leadership, and spreading/analyzing sponsor financial statements, etc.
• In consultation with the Director, negotiates with borrowers on all aspects of loans, prepares a credit memo, and secures the appropriate level of approvals from internal staff and/or the appropriate loan committee with a recommendation for action.
• Collaborates with co-lenders and third-party participants on co-lending and participations, respectively. In these cases, the Loan Officer mediates between the borrower and co-lender or participant and negotiates all aspects of the loan in accordance with Capital Impact's agreement with the third party.

Closing:

• Following financing approval, drafts an approval letter and coordinates loan documentation and work performed by attorneys and other Momentus/CIP staff.
• When a portion of CIP's loan will be shared with another financial institution, coordinates the distribution of information needed for the other lender to underwrite, approve, and close the loan.
• Working in close collaboration with the assigned Underwriter, guides the transaction through closing. The Loan Officer is responsible for ensuring that the business terms of the transaction as reflected in the loan documents are consistent with the underwriting of the loan.
• With the Underwriter, develops and maintains files to ensure accuracy and completeness.
• After loan closing, provides ongoing support to successful transition to the Portfolio Management Officer.
• Coordinates closely with the applicable Underwriter and Portfolio Manager as part of the relationship management team for each client.

Other Responsibilities:

• The Loan Officer must consistently provide excellent external relationship management and work closely with all internal lending and operations staff to ensure excellent customer service throughout the client's relationship with Momentus/CIP.
• The Loan Officer must maintain knowledge of all products across Momentus Capital products and refer prospective clients and partners to other Momentus teams when applicable.

Requirements

• A degree in finance, real estate, urban planning, public policy, business administration, or a related field is preferred. However, education and experience are considered holistically.
• Minimum of 23 years of lending experience. Community development lending or mission-driven work is preferred.
• Experience in community development or real estate lending, including credit analysis, deal structuring, underwriting, and due diligence. Familiarity with loan documentation is required.
• Familiarity with federal, state, and local development programs, including NMTCs and Community Development Financial Institutions (CDFIs), is a plus.
• Proficiency in analyzing financials for nonprofit organizations and for-profit developers.
• Strong communication skills, including public speaking.
• Knowledge of community facilities is preferred. Knowledge of funding sources for charter schools and community facilities (e.g., childcare centers, health centers, food markets, shelters, and social services).
• Experience managing multiple projects under tight deadlines and developing innovative products for diverse borrowers.
• Self-motivated, dedicated, and flexible, with strong time management and collaboration skills.
• Willingness to travel up to 20%.

Benefits

The salary range for this position is $92,660 -$123,701 and is eligible for an annual incentive/commission plan.

This role is hybrid and is eligible for an annual incentive.

All employees must be legally authorized to work in the United States. The Company will not sponsor applicants for work visas.

EEO: Momentus Capital is an equal opportunity employer committed to a diverse workforce; and, as such, is fully committed to providing employment for qualified individuals, free from discrimination on the basis of race, color, religion, sex, age, sexual orientation, gender identity, national origin, disability, marital status, pregnancy, childbirth or related medical conditions, or any other protected characteristic established by applicable law.

Qualification

Bachelor's Degree