Vice President, Community Development Lending

Blue Hub Capital is seeking an experienced and dynamic VP of Community Development Lending to deliver all aspects of Blue Hub 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.

Blue Hub’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 one of Blue Hub Loan Fund’s Senior Vice Presidents of Lending.

We are seeking a candidate who is local to the Boston, MA area and comfortable working a hybrid schedule of three days of work in the office (Tuesday, Wednesday, Thursday) and two days of remote work (Monday & Friday). We will consider remote candidates on a case-by-case basis, particularly candidates located in our New York/New Jersey market area.

The essential duties and responsibilities will include, but not be limited to, the following:

• Expanding Blue Hub’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 Blue Hub 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.

• 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 Blue Hub 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.

• 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 Blue Hub Capital

This role offers a pay range of $145,000-$170,000.…