Loan Officer, Northeast Region in New York, New York at Low Income Investment Fund

THE COMPANY

The Low Income Investment Fund is a non-profit Community Development Financial Institution (CDFI) that mobilizes capital and partners to achieve opportunity, equity and wellbeing for people and communities. LIIF innovates financial solutions to create more equitable outcomes for all by building and preserving affordable homes, quality educational opportunities from early childhood through higher education, health clinics, healthy food retail and community facilities. In this way, LIIF provides a bridge between private capital markets and communities. LIIF’s headquarters is in San Francisco and has offices in Los Angeles, New York, Atlanta, and Washington D.C.

REPORTING RELATIONSHIPS:

This position reports to the Director - Northeast Region.

JOB SUMMARY:

The Loan Officer position is New York City-based, serving a geographic area that includes, but is not limited to, the New York City metro area, New York State, and other states throughout the Northeast United States. The Loan Officer is responsible for originating and underwriting loans that support the development of affordable housing and, occasionally, community facilities the region. Financing may include acquisition/predevelopment, construction, and term loans, as well as transactions involving Low Income Housing Tax Credits (LIHTC), , and, in some cases, grant components.

The Loan Officer plays a key role in structuring transactions, preparing credit memos, and guiding loans through approval, closing, and post-close management. This position supports regional lending goals, engages in marketing and business development, and represents the organization externally.

KEY RESPONSIBILITIES:

Marketing & Business Development

• Identify and pursue new lending opportunities in collaboration with the regional team.
• Maintain strong, consultative relationships with current and potential borrowers, developers, and lending partners.
• Represent the organization at industry events and meetings with public officials, clients, and community groups.
• Monitor local, regional, and national trends impacting affordable housing and real estate finance.
• Contribute to new product development through market research and credit risk evaluation.

Underwriting & Structuring

• Evaluate borrower applications through in-depth financial and organizational analysis.
• Structure loans to meet borrower’s needs while aligning with internal credit guidelines and risk tolerance.
• Conduct thorough due diligence including site visits, market analysis, financial modeling, entitlement and environmental review, and assessment of sponsor capacity and leadership.
• Analyze transactions that may include grants or subsidy layering.
• Collaborate closely with internal stakeholders, including the Underwriter, Market Director, Director, Chief Credit Officer, and Chief Lending Officer—during deal structuring and review.
• Prepare credit memos and present to loan committee and/or other approving bodies for final approval.

Co-Lending & Third-Party Coordination

• Serve as liaison between borrowers and co-lenders or participants for shared transactions.
• Coordinate due diligence, approvals, and loan structuring in alignment with partnership agreements and internal policies.

Loan Closing & Post-Close Support

• Partner with legal counsel, Loan Administrators, and borrowers to close loans, ensuring loan documentation reflects approved business terms.
• Maintain complete and accurate loan files throughout the closing process.
• Provide support to Asset Managers post-closing to ensure ongoing loan monitoring, reporting, and relationship management.
• Collaborate as part of a relationship management team for each borrower.

Organizational & Cross-Functional Engagement

• Participate in internal initiatives, process improvements, and cross-functional collaboration to support overall strategy and mission.
• Take on organization-wide or cross-departmental leadership opportunities as appropriate.

QUALIFICATIONS:

• Bachelor’s degree in finance, real estate, urban planning, public policy, business administration, or a related field.
• Minimum of 5 years of progressively responsible experience in real estate or community development lending.
• Proven experience in loan underwriting, credit analysis, structuring, and closing.
• Strong skills in financial modeling and reviewing financial statements.
• Excellent written and verbal communication, including public speaking.
• Familiarity with public and private sector financing sources, including LIHTC, and other affordable housing tools.
• Ability to work independently and manage competing priorities with limited supervision.
• Experience working with nonprofit developers, community development financial institutions (CDFIs), or public agencies.
• Strong relationship-building skills and an interest in long-term client engagement.

ADDITIONAL INFORMATION:

LIIF offers a hybrid work environment with flexibility to balance in-office and remote work. However, all employees are expected to work on-site at least two (2) days per week. The successful candidate may be expected to travel occasionally for meetings or other Company sponsored events.

All Low Income Investment Fund (LIIF) employees must be fully vaccinated against COVID-19. In accordance with LIIF's policies, we provide reasonable accommodations, absent undue hardship, to qualified individuals who cannot get vaccinated against COVID-19 because of sincerely held religious or medical reasons. If you believe you need an accommodation from the vaccination mandate required by this policy, please notify our Human Resources Department.

HOW TO APPLY:

Please apply with Resume and Cover Letter via our recruitment portal: Recruitment (adp.com)

Notice to Third Party Recruitment Agencies:

Please note that Low Income Investment Fund does not accept unsolicited resumes from recruiters or employment agencies. In the absence of an executed Recruitment Services Agreement, there will be no obligation to any referral compensation or recruiter fee.

In the event a recruiter or agency submits a resume or candidate without an agreement Low Income Investment Fund shall explicitly reserve the right to pursue and hire those candidate(s) without any financial obligation to the recruiter or agency. Any unsolicited resumes, including those submitted to hiring managers, shall be deemed the property of Low Income Investment Fund.

We do not accept unsolicited phone calls. Only candidates being considered for a position will be contacted.

LIIF, an EOE (Equal Opportunity Employer), believes that diversity ensures excellence. All qualified applicants will receive consideration for employment without regard to race, color, religion, sexual orientation, gender, or national origin. Candidates of diverse backgrounds and with diverse experience are strongly encouraged to apply for this position.