2024-04-05
AppCast (https://www.appcast.io)
Other
/yr
full-time
employee
Chicago
Illinois
60290
United States
At Barings, we are as invested in our associates as we are in our clients. We recognize those who work diligently for us and reward them for personal and professional integrity, communication skills, distinct competencies and expertise in specific strategies, ability to collaborate as a team member and true dedication to the interests of our clients.
We thank you for your interest in joining the Barings team, and invite you to explore our current employment opportunities.
Title: Commercial Real Estate Finance Transaction Manager - Originator
Business Unit: Affordable Housing Investments
Location: Chicago, IL or Charlotte, NC
Barings is a global investment manager sourcing differentiated opportunities and building long-term portfolios across public and private fixed income, real estate and equity markets. As one of the most active private placement and balance sheet lenders in multifamily housing, this role will support the Affordable Housing Investments team. With investment professionals based in North America, Europe and Asia Pacific, the firm, a subsidiary of MassMutual, aims to serve its clients, communities and employees, and is committed to sustainable practices and responsible investment. Learn more at www.barings.com.
This position is responsible for working on transactions and with sponsors who specialize in the multifamily affordable and workforce housing sector. The individual will be tasked to screen, analyze and manage the overall progress of loans originated by the platform. After transactions go through initial prescreen and term sheet stages, the individual will work closely with the underwriting and closing teams to manage the progression of loans through internal committee approvals. The individual will also have an opportunity to originate loans directly while acting as transaction manager on other loans. Transactions will include debt investments in Low-Income Housing Tax Credits (LIHTC), Workforce and Mixed-Income housing properties. This individual should have a solid understanding of the multifamily affordable housing industry and should be able to navigate and build relationships with developers. Individual will primarily serve the Midwest/Southeast regions of the U.S.
Individual must be able to do initial loan reviews and determine project feasibility based on company's credit parameters. Successful candidate will be able to rely on their experience and judgment to plan and accomplish essential duties and responsibilities for originating balance sheet permanent loans. This is a Director or Senior Director level position based on the candidate's experience and qualification.
Essential Functions
