Lending Associate
📋 Role Overview & Responsibilities
Lending Associate
Under the supervision of the Director of Lending, the Lending Associate will directly assist Leviticus’ investment in low-income communities and people in the New York metropolitan area to create and maintain a robust portfolio of affordable housing, commercial real estate, and nonprofit organizational loans.
Why we need you: Leviticus has grown from $19 million fund at the start of 2014 to over $100 million today, and we continue to see significant demand from nonprofit housing and community development organizations for our capital and expertise. To respond, we need a new Lending Associate to provide critical support to investment officers in the screening, origination, closing, and monitoring of loans for a range of community development projects. The Lending Associate is expected to take on independent origination and underwriting responsibilities over time. The person who fills this position is expected to have increasing responsibility while also having the support of experienced colleagues who are equally passionate about our charitable mission. We are open to candidates who are creative, results-oriented individuals. Leviticus will provide in-house and external training to build the real estate lending knowledge quickly. There will be ample room for advancement within Leviticus since we are still a small staff but a growing organization.
Who we are: The Leviticus 25:23 Alternative Fund is rooted in faith and the call for economic justice. The Fund provides flexible capital, expertise, and advocacy to propel the growth of more equitable and sustainable communities. Leviticus creates opportunities for vulnerable, low-income people – especially those harmed by systemic racial and ethnic discrimination – to thrive and live with dignity.
Our loans assist the pre-construction, construction, and permanent phases of affordable housing, including housing with supportive services for those with special needs and extremely low incomes; childcare and early learning centers; charter public schools; nonprofit office and program delivery space; and community economic development projects. Leviticus is also committed to the decarbonization and upgrading the energy efficiency of existing and new affordable housing and community facilities in disadvantaged communities. Our target market is all counties in NY, NJ, and CT.
This position is based in Tarrytown, New York (Westchester County) and candidates who reside in the NYC metropolitan area are preferred, though flexibility will be considered for strong candidates. The position requires the ability to travel to various meetings in the metro area.
View the full job description here - https://leviticusfund.org/wp-content/uploads/2024/04/Leviticus-Fund-Lending-Associate-Position-Announcement-2024-FINAL.pdf
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This position is located in Tarrytown, NY with potential relocation and sponsorship assistance depending on candidate qualifications.
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