Senior Transaction Manager

Bellwether Enterprise Real Estate Capital, LLC in New York, NY

  • Type: Full Time
position filled
The Senior Transaction Manager - Direct Bond Purchase Program (DBP) will be responsible for managing tax-exempt bond transactions being financed under BWEs direct bond purchase program.The Senior Transaction Manager supports and works directly with producers, analysts, investors, borrowers, outside legal counsel and other internal and external constituencies to assist with all aspects of managing tax-exempt bond transactions from initial screening through closing.The Senior Transaction Manager will also assist in preparing and maintaining program pipeline and help to develop and ensure compliance with program processes and procedures.RESPONSIBILITIESReview soft quote request packages for submission to investor on behalf of multiple originatorsCoordinate the delivery of submissions to investors and tracking capital source terms and pricing.Maintain the DBP pipeline including deal status and key termsAct as intermediary between BWE originators and investorsSchedule and lead weekly conference calls with transaction participants.Help maintain accountability of all parties to ensure key milestones are met on closing calendar.Prepare closing timeline and closing calendar for distribution to all transaction participantsMaintain and distribute working party distribution listsMaintain working relationship with key participants including bond issuer, legal counsel, investors and internal working party.Analyze and provide solutions for all unforeseen issues arising during the loan placement process and handle the issues directly with investors, originators, borrowers, counsel, and internal working party.Assist in the negotiation of loan quotes, loan applications and loan commitments and review to ensure they comply with both internal and investor requirementsResponsible for managing the loan underwriting, analysis, presentation and submission process.Ensure compliance with closing schedules and document submissions.Prepare detailed closing schedule and flow of funds for each individual bond transactionAbility to work with and effectively communicate with multiple production officersAssist in the preparation of program processes and procedures and ensure compliance of each transactionAbility to manage expectations and timeframes for the capital user and capital providers, while ensuring delivery of due diligence and checklist items needed for financing quotes, final loan approval and closing.Ability to understand and comment on critical loan documents to accurately reflect negotiated deal termsEstablish and maintain strong working relationships with outside parties (investors, legal counsel, etc) and internal working party (underwriters, closers, servicers, construction monitoring team)Attend real estate industry trade functions.Assist in managing the timely receipt and delivery of all third-party reports and documents.Manage any task necessary to ensure deals close.Take such other actions as necessary to process the loan from prescreen and initial application through closing, and to ensure a seamless transition to loan set-up and servicing.QUALIFICATIONSBachelors degree in Real Estate or Finance, or equivalent education and related trainingFive years of experience in a commercial real estate mortgage loan production office or equivalent, ideally in affordable housingKnowledge and experience in affordable housing, LIHTC and tax-exempt bond financing is preferredStrong analytical skills as well as ability to think outside the box and provide solutions and optionalityIn depth knowledge of income producing real estate including knowledge oflocal/regional/national real estate marketsreal estate constructionall forms of debt and equity and their common structuresAbility to evolve with the changing capital marketsExcellent organizational skills and drive to succeedAbility to organize, direct and motivate othersDemonstrated ability to meet deadlinesMaturity and self-confidence to simultaneously handle a variety of assignmentsAbility to work harmoniously with internal/external workers/customersExcellent written and verbal communication skillsProven self-starterDemonstrated proficiency in basic computer applications, such as Microsoft OfficeAbility to travel, occasionally overnightPrior history of working in a high-volume loan production office

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