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Vice President, Commercial Loan Originations

Company: iBorrow, L.P.
Location: Chicago
Posted on: April 11, 2021

Job Description:

Headquartered out of Los Angeles, iBorrow is a nationwide lending company that finances a significant number of sophisticated bridge loans on all commercial real estate property types. We are seeking a full-time Vice President of Originations to join our dynamic, energetic, and effective team. This is a remote position that offers an amazing opportunity to work with a unique lending company that has the support of experienced leadership and access to capital.
The successful candidate will have a bachelor's degree in Finance, Accounting, or Economics and at least four years of commercial lending and debt placement experience. To be successful in this role you must have built a book of business, exceptional communication & organizational skills, ability to source new business, excellent time-management, be customer service oriented, a self-starter, and maintain a sense of urgency.
Essential Functions:

  • Maintain referral relationships and approach leads.
  • Advise borrowers on loan options, financial status, and method of payment.
  • Collaborate with brokers and borrowers to source new loan opportunities that will fit company lending criteria.
  • Obtain risk assessment data and other relevant appraisal information for analysis.
  • Review opinions of value and appraisals to verify and present to loan/credit committee.
  • Collect, organize, and analyze financial information including cash flows and leasing.
  • Interact with brokers, developers, and owners to develop assumptions for cash flow models.
  • Write financial and market analysis narratives.
  • Research and analyze comparable lease and sales data.
  • Oversee loan process through closing.
  • Assist with other projects as needed.
    Requirements:
    • 4+ years of experience in commercial lending and debt placement.
    • Experience maintaining and tracking a database of financial information.
    • Minimum Bachelor's degree, Finance, Accounting or Economics preferred.
    • Previous relationships with numerous brokers and borrowers.
      Why join our team?
      • Collaborative, fun, casual, and entrepreneurial culture which includes incredible camaraderie and company outings.
      • Supports a healthy work-life balance with unlimited PTO and flexible schedules.
      • Substantial compensation package with competitive base salary and high commission structure.
      • Rich benefit plans including affordable medical, dental, and vision coverage and 401K with up to 4% match.
      • Company paid Long Term Disability and Life Insurance.
        iBorrow is an equal opportunity employer who takes pride in diversification and providing an environment where all team members can thrive. We do not unlawfully discriminate on the basis of any status or condition protected by applicable federal or state law.

Keywords: iBorrow, L.P., Chicago , Vice President, Commercial Loan Originations, Executive , Chicago, Illinois

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