Real Estate Securitization Specialist; COM

At the Department of Commerce
, we’re reimagining what’s possible in government. We’re builders, thinkers, and change-makers, working at the intersection of innovation, community, and impact. From unlocking critical funding to fueling inclusive economic growth, we’re turning big ideas into real-world solutions that uplift people and places.

Our agency’s strength lies in the diversity of our workforce and the breadth of the lived experiences and perspectives employees bring to the work. We believe equity is not just a value but a practice, which is reflected in how we design programs, engage communities, and deliver outcomes. We foster a workplace culture where curiosity is encouraged, bold thinking is welcomed, and collaboration drives our impact.

Let’s build what’s next, together.

The Local Government Division (LGD) partners with local governments, nonprofits, and others to strengthen the ability of all forms of local government and community-based organizations to fund and develop critical services to their citizens. The division provides leadership in local government finance and statewide infrastructure initiatives that help create and retain jobs. We also provide grants, loans, and planning and technical assistance to local governments for community development needs, infrastructure improvements, and economic development opportunities.

The Real Estate
Securitization Specialist (COM
4) provides property securitization services to the Local Government Division. This position functions as an expert level technical specialist responsible for evaluating real estate property and project feasibility of awarded projects. These evaluations require expert level knowledge of investment and financing structures, public and private lending, land law and lien priorities, acquisition, appraisals and industry standards to ensure compliance with policies and regulations for the Community Programs section in order to protect the state’s interest in investments.

This position provides expert technical assistance to grantees and responds to inter-division and agency inquiries regarding the requirements for real estate securitization. The position performs expert level specialized analysis of real estate valuations, and financial and investment structures, and directs the process to completion. Positions performs a variety of specialized activities in real or personal property that include, but not limited to, the following: real or personal property appraisals and/or audits, property management, negotiations, relocation, title examination, acquisition, leasing, valuation, and/or project management.

Some positions administer a statewide program such as a senior tax deferral or public utility district privilege tax or serve as a technical expert in the securitization, development, and implementation of various state and/or federal programs.

• Provide expert level consultation to agency, division, grantee, and extended parties reviewing real estate instruments, site control, real estate project feasibility review, tax credit structures, financing structures, state statutes and program implications, and utilize legal expertise and distribute comprehensive determinations from AAG review as applicable.
• Determine and draft appropriate forms of securitization for each grant, instruments such as promissory notes, deeds of trust, Priority Agreements, Subordination Agreements, Partial/Full Reconveyance, Assignments, Tax Credit instruments, site control, Memorandum of Understanding, Easements/Rights of Way, Air Rights Conveyances, and any other related real estate instrument.
• Determine which projects may move forward to…