Lead Commercial Real Estate Origination Specialist Job at Wells Fargo (San Francisco)

Job Description

Wells Fargo is seeking a Senior Lead Commercial Real Estate Origination Specialist for Low-Income Housing Tax Credit (LIHTC) equity and debt origination and underwriting.

Job Responsibility

Assemble Excel LIHTC financial models that identify the projected financial performance of an asset, and underwriting risks associated with demand, supply, income, expenses, and financing
Assess the proper financing structures, tax consequences, and returns of potential equity investments and debt, understanding the various loan programs, state regulations, and compliance requirements of IRC Section 42
Prepare equity and debt term sheets
Prepare underwriting memorandums and recommendations for credit approval
Analyze an affordable housing developer's financial position and operational strengths and weaknesses, including leverage, key risk factors, projected income, repayment sources, cash flow, liquidity, net worth, and ability to service debt
Analyze project-level due diligence, including loan documentation, partnership agreements, appraisals, market studies, development budgets, construction reports, etc.
Assist the negotiation of a partnership agreement, debt documents, and project documents related to the closing of a LIHTC transaction
Participate in property tours and site visits to develop a deeper understanding of the real estate transaction and market and foster client relationships
Work in a team environment that will require effective coordination and communication with the customer, internal closing teams, internal debt partners, risk management, and asset management

Requirements

5+ years of Commercial Real Estate Origination experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
5+ years of commercial real estate experience, 5+ of which to include a focus LIHTC
LIHTC multifamily real estate underwriting experience
Familiarity with State of California and local affordable housing program and regulations
Intermediate Microsoft Excel skills, including high level of proficiency in Excel LIHTC financial modeling
A BS/BA degree or higher in business, finance, real estate, accounting or a related field
Ability to help develop and maintain strong client relationships
Ability to productively participate in the underwriting and closing of LIHTC transactions
Ability to interact effectively and confidently with senior management and credit
Excellent verbal, written, and interpersonal communication skills
Outstanding problem solving and decision-making skills
Ability to work in a fast-paced deadline driven environment
High level of responsibility, initiative, and accountability

What we offer

Health benefits
401(k) Plan
Paid time off
Disability benefits
Life insurance, critical illness insurance, and accident insurance
Parental leave
Critical caregiving leave
Discounts and savings
Commuter benefits
Tuition reimbursement
Scholarships for dependent children
Adoption reimbursement

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Lead Commercial Real Estate Origination Specialist

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