Vice President of Community Development Lending

BlueHub Capital is seeking an experienced and dynamic VP of Community Development Lending to deliver all aspects of BlueHub Loan Fund’s real estate focused lending program to a diverse set of borrowers, primarily developers of affordable housing, operators of K-12 public charter schools, and community health centers. BlueHub’s offices are in Boston, MA and its lending footprint is national. The VP of Community Development Lending will be responsible for managing all aspects of commercial lending services to a diverse portfolio of borrowers nationwide. They will bring to the position demonstrated community development lending experience and commitment to delivering capital in low-income communities to projects that significantly benefit low-income residents. They will have strong credit analysis and underwriting skills and have a proven business development track record. This position will report to the SVP, Team Leader.

Background:

BlueHub Capital is a mission-driven, nonprofit community development financing organization focused on building healthy communities where low-income people live and work. We use innovative financial tools and deploy capital to support projects that make communities more vibrant places to live. BlueHub has four distinct programs: BlueHub Loan Fund (community development financing), BlueHub SUN (foreclosure relief), BlueHub Energy (clean energy access) and One Percent for America (citizenship financing). Since our founding in 1985, BlueHub has invested over $2.6 billion (and leveraged over $13.6 billion) to finance:

• Affordable housing, school facilities, child and youth development programs, community-based health centers, grocery stores, and community gathering places
• Reducing financial barriers to US citizenship
• Clean energy enhancements that expand access to solar and other renewable sources for people with low incomes
• Mortgage lending for families facing foreclosure

Reducing economic inequality is at the heart of why BlueHub exists and why we do the work we do. Our investments focus on marginalized communities, particularly those who’ve been systematically denied access to capital. Our offices are located in the Nubian Square neighborhood of Boston, MA. To learn more about BlueHub Capital, please visit, www.bluehubcapital.org.

Essential Duties and Responsibilities:

Lending:

• Expanding BlueHub’s network of relationships with community leaders, mission-aligned developers and operators of community facilities, Community Development Finance Institutions (CDFI) and lending partners, and other key stakeholders.
• Identifying potential commercial real estate lending opportunities and screening those opportunities for feasibility, impact and credit strength.
• Underwriting loan transactions primarily for affordable housing, school facilities, healthcare facilities and grocery stores.
• Structuring predevelopment, acquisition, construction, bridge, term and leverage loans.
• Preparing approval memoranda and presenting credit recommendations to the BlueHub Loan Committee.
• Closing complex loan transactions, including reviewing loan documents, and negotiating with the borrower, other lenders and public agencies.
• Managing an active portfolio of relationships in partnership with the Portfolio Management team.

Other Duties:

• Provide technical assistance to borrowers with varied levels of sophistication to strengthen projects, identify additional resources required and otherwise help projects advance and succeed.
• Identify unmet capital needs in low-income communities for which BHLF can deliver financial loan products not otherwise being offered.
• Public representation of BlueHub Capital to external stakeholders.
• Occasional involvement in new product development, grant writing, Loan Fund policy and planning, and national CDFI activities and trainings.

Other duties as assigned.

Qualification and Skills:

• Bachelor’s degree
• Advanced degree in Finance or Real Estate is preferable
• 8 or more years of experience in real estate finance, preferably in most or all of the following areas: (1) multi-family affordable housing and the Capital Magnet Fund program; (2) charter school facilities; (3) community health center facilities; (4) New Markets Tax Credit (NMTC) leverage loans
• Self-motivated with excellent organizational skills
• Able to work independently and as part of team
• Has strong quantitative and financial analysis skills
• Demonstrated experience with business development
• Excellent verbal and written communication skills
• Commitment to the mission and goals of BlueHub Capital

Salary and Benefits:

Salary is competitive and commensurate with experience within the guidelines of BlueHub Capital’s scale. As a “life cycle employer,” BlueHub invest in the benefits, training, growth opportunities and infrastructure that let you envision a career here. Benefits include:

• Generous insurance benefits: Health, dental, vison, life and disability insurance, including additional reimbursement for out-of-pocket healthcare expenses
• Retirement benefits: Competitive 401(k) matching
• Unique BlueHub benefits and stipends that support employee wellness, sustainable practices and charitable gift matching
• Excellent package of vacation time and paid leave, as well as generous roll-over policies

Application:

Please submit a resume and cover letter online via our application portal. You may direct your cover letter to Shannon Weiss, Talent Acquisition Specialist. No calls please. Due to the high volume of applications, BlueHub Capital cannot return phone calls about the position and, regrettably, cannot notify applicants of the status of applications unless an interview is requested.

BlueHub Capital is an Equal Opportunity Employer. As an Equal Opportunity Employer, we do not discriminate on the basis of race, color, religion, sex, sexual orientation, gender, gender identity, gender expression, age, national origin, ancestry, active military or veteran status, physical or mental disability, medical condition, pregnancy (which includes pregnancy, childbirth, medical conditions related to pregnancy and childbirth, and breastfeeding and expressing breast milk), genetic information, or other protected status in accordance with applicable federal, state and local laws. It is our goal to make employment decisions that further the principle of equal employment opportunity by utilizing objective standards based upon an individual’s qualifications for a specific job opening.