Principal Associate, Construction Loan Administration - Community Finance

Principal Associate, Construction Loan Administration - Community Finance

A Principal Associate in the Community Finance Construction Loan Administration ("CLA") Team manages a medium- to large-sized portfolio of standard/complex construction loans, primarily consisting of multifamily low‑income housing tax credit ("LIHTC") transactions, with limited oversight from more experienced CLAs. The role involves taking full responsibility for performing monthly due diligence on borrowers’ draw requisitions, including verifying documentation and tracking/balancing budgeted sources/uses, and ensuring proper, loan agreement‑compliant documentation is received for funding while performing risk mitigation efforts.

End‑to‑end administration of construction loans, acting as the primary point of contact for borrowers and coordinating with internal and external partners, including project managers, closers, inspectors, and government agencies. The Principal Associate manages the entire loan lifecycle, starting with reviewing transaction documentation, attending closing calls, and setting up the initial draw process. Ongoing daily operations include processing monthly draw requisitions with full due diligence, managing bank‑controlled accounts (BCAs), and tracking budgets, change orders, and equity contributions.

The associate also handles general ledger transactions, interest payments, and insurance compliance. The loan lifecycle concludes with monitoring maturities, coordinating extensions, processing payoffs, and executing permanent loan conversions. Beyond daily administration, the role requires leading team training, onboarding new members, and driving strategic process improvement projects.

• High School Diploma, GED or Equivalent Certification
• At least 3 years of experience in construction loan management
• At least 3 years of experience in accounting and loan operations, including the direct preparation, review, or processing of loan documents.

• Bachelor’s Degree or Military Experience
• 5+ years of experience in construction loan management
• Experience with construction lending, LIHTC investment or syndication
• Strong critical thinking, credit analysis, and problem‑solving skills

At this time, Capital One will not sponsor a new applicant for employment authorization for this position.

The minimum and maximum full‑time annual salaries for this role are listed below, by location.

McLean, VA: $108,900 - $124,300

Chicago, IL: $98,900 - $112,900

This role is also eligible to earn performance‑based incentive compensation, which may include cash bonus(es) and/or long‑term incentives (LTI).

Capital One offers a comprehensive, competitive, and inclusive set of health, financial, and other benefits that support your total well‑being.

Capital One is an equal‑opportunity employer (EOE, including disability/vet) committed to non‑discrimination in compliance with applicable federal, state, and local laws.