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The Senior Director of Relationship Management, Loan Origination, plays a key role in sourcing commercial real estate lending opportunities aligned with DLP’s investment criteria and return goals. The focus is on leveraging strong sponsor relationships to identify and secure deals that advance the company’s strategic objectives. This is not a retail lending origination role. Transaction sizes range from $10M - $100M.
Job Responsibility:
Prospect & source Elite members and Elite prospects and build relationships, leveraging DLP events
Leverage F2F meetings, Zoom, phone calls, email, LinkedIn, video, text message, and other communications tools to source and close new loan and investment opportunities with new and existing sponsors
Provide mentorship to new or junior originators
Prepare initial underwrite & analysis on complex commercial loan and investment opportunities. Leveraging resources from the Credit Structuring team members
complete the New Business Summary for presentation of new opportunities to the Credit Committee. The RM has overall responsibility for ensuring timely and complete information from the sponsor. The representations of all information and analysis performed and presented in the NBS are "owned by" the RM
Prepares "modification memo" recommendations with assistance from Credit Structuring team members for any credit issues uncovered by the servicing team (i.e. breach in covenants, missed construction milestones, etc.). Presents to the Credit Committee as applicable
Drive client attendance at all DLP events
Proactively drive revenue by relationship based networking
Attend all required meetings and work proactively to provide solutions to improve the performance of the management company
Attend all sponsor/deal pipeline meetings. Input all required data in CRM and ensure that all opportunities are at all times placed in the right stage of the pipeline
Drive borrower EES engagement & utilization including attending live and virtual events, compass day, EES Tools, etc for those who opt-in
Present New Business Summary to Credit Committee
Lead relationship management, overall communication w/ your portfolio of borrowers and their respective portfolios w/ DLP
Negotiate term sheets, OAs, contracts with a focus on driving strong investment profitability while protecting the company and our investors from risk
Lead communication and "closing" of borrowers on all loan compliance related needs. Attend ALL checklist meetings for loans in production. Proactively works with Sponsor to ensure delivery of all information
Prepares "modification memo" recommendations (with the assistance of Credit Structuring team for any credit issues discovered during underwriting/confirmatory due diligence. Presents to the Credit Committee (or delegate)
Timely achievement of accomplishing and achieving EES Tools (WIGS, L10 etc.)
Act as Brand Ambassador. Represent DLP & its values 24/7, recognizing that the next deal might come from an unexpected place. Promote DLP on Social Media and other channels consistent with brand standards and marketing direction
Service 6-12 active borrowers and support portfolio management in the adherence to business plan & compliance with all contractual obligations from closing through payoff
Requirements:
Past experience in underwriting, with in depth knowledge and ability to utilize underwriting and structuring models
HubSpot or equivalent CRM experience preferred
Strong preference for experience in ground up construction lending
Strong preference for experience in Multifamily lending
Must have 7+ years experience in forward facing client relationship management / sales experience, preferably in a lending, or investment business
Must have 7+ years of real estate lending (or investment) experience
Preferred experience in acquisitions- land and existing housing