Senior Loan Officer

The Momentus Capital branded family of organizations - which includes Capital Impact Partners and CDC Small Business Finance and Momentus Securities (an SEC-registered broker-dealer, MSRB-registered, FINRA/SIPC member) - are transforming how capital and investments flow into communities to provide people access to the capital and opportunities they deserve.

We are working to reinvent traditional financial systems and advance locally-led solutions that create economic mobility and generational wealth. Through our continuum of financial, knowledge, and social capital, we offer a comprehensive package of loan products, impact investment opportunities, training and business advising programs, and technology solutions.

Our holistic and streamlined approach offers comprehensive solutions for small business entrepreneurs, real estate developers, community-based organizations, and local leaders at every stage of growth, from inception to expansion. When these leaders have the opportunity to succeed, their communities, their residents – and our country – thrive.

POSITION SUMMARY:  

The Senior Loan Officer position is part of the Community Development Lending (CDL) team under Capital Impact Partners (CIP). The Senior Loan Officer may work remotely, but preference is given to candidates located in the same city as one of the following CIP offices: Arlington, VA, Detroit, MI or Atlanta, GA. This role will work on projects across the nation with a concentration on transactions in CIP’s Eastern region, which includes the Washington D.C., New York City and Detroit metropolitan areas. 

The ideal candidate is passionate about community and economic development, impact investing, racial equity, and social justice.

The Senior Loan Officer is responsible for originating and underwriting acquisition, predevelopment, construction, line of credit, and term loans to support projects in Capital Impact’s key sectors: housing, healthcare, education, healthy food, aging, and cooperatives. The position also involves closing transactions that utilize New Markets Tax Credits (NMTCs).

In accordance with Capital Impact’s lending policies and procedures, the Senior Loan Officer prepares and presents loan narratives and credit memos to the loan committee or other approved Momentus Loan Administration groups for initial screening and final credit approval. Additionally, they collaborate with the Momentus portfolio management team on ongoing asset management. The role also supports the achievement of lending work plan goals, markets Momentus products, and manages relationships with borrowers, lending partners, technical assistance providers, government agencies, and public officials.

REPORTING RELATIONSHIPS: 

The Senior Loan Officer reports to the Director, Eastern Region. The Senior Loan Officer works closely with the Capital Deployment team, Business Development Officers, and Underwriters on loan closings. They also work with Underwriters and Portfolio Managers on asset management. The Senior Loan Officer communicates regularly with borrowers, third-party lenders, attorneys, and other external stakeholders. Additionally, they attend loan committee meetings and represent Momentus/CIP to outside groups as needed.

Essential Responsibilities

Marketing/Business Development:  

• Supports the team in developing the lending pipeline by: helping to screen inquiries for mission and strategic alignment, credit quality, feasibility, and project readiness; identifying and responding to new business opportunities; and meeting regularly with current CIP clients, potential borrowers, and lending partners to discuss their development pipelines and credit needs.
• Attends various industry and client functions, representing Momentus/CIP as a part of the client team. 
• Maintains current knowledge of local, regional and national trends and conditions in the real estate development sector, including policy initiatives that will affect the underwriting, financing, and development processes.
• Contributes to new product development including researching and analyzing market needs and analyzing credit risk of new product opportunities.

Underwriting:   

• Structures loans both to meet customers’ needs and to comply with internal guidelines based on extensive review and analysis of information gathered from the potential borrower and other sources and in consultation w