Capital For Change, Inc. · 1 day ago
Loan Officer - Commercial Lending
Wallingford, CT
Full-time
Onsite
Mid, Senior Level
$90K/yr - $95K/yr
3+ years expCapital for Change (C4C) is a full-service Community Development Financial Institution (CDFI) in Connecticut that offers capital solutions for low-income communities. They are seeking a dedicated and experienced Loan Officer responsible for originating and managing a diverse portfolio of loans focused on affordable housing development, energy efficiency lending, and nonprofit community facilities.
FinanceFinancial Services
Responsibilities
Proactively identify and cultivate a pipeline of high-impact loan opportunities with affordable housing developers and nonprofit organizations. Represent the organization at industry events, community meetings, and conferences to build relationships and source new deals
The loan officer will collect financials and data and prepare financial, credit and risk analyses. Additionally, the Loan Officer will conduct thorough financial analysis and risk assessment for loan applications that meet both the borrower's needs and the CDFI's risk tolerance
Understand how other C4C products, including subsidy funds and energy funds can be leveraged in loan structuring. Prepare Loan Approval Document (LAD) and Risk Rating in accordance with internal credit and programs requirements and present to Loan Committee or other loan approval authority as designated in Loan Policies. Collaborate with Finance Department as needed in matching loans with funding sources
Work collaboratively with borrowers, legal counsel, and internal staff to guide approved loans through the closing process efficiently
Actively monitor a portfolio of existing loans, ensuring compliance with loan covenants, tracking project progress, and addressing any potential issues. Conduct regular site visits and maintain strong, ongoing relationships with borrowers. Working with internal staff, inspectors and processing payment requests
Serve as a knowledgeable resource for community partners on affordable housing and nonprofit finance. Maintain a deep understanding of public subsidy programs (e.g., LIHTC, HOME funds) and other financing tools available in the community development ecosystem
Assist as needed with grant applications/reporting and other activities as assigned
Qualification
Required
A genuine passion for and commitment to community development, social justice, and the mission of CDFIs
Highly organized, self-motivated, and able to manage multiple projects simultaneously in a dynamic environment
Strong interpersonal skills are essential for building trust and rapport with a diverse range of clients and partners
Ability to work independently and to collaborate effectively
Bachelor's or higher degree in Finance, Business Administration, Urban Planning, Public Policy, or related field or comparable professional experience
A minimum of 3-5 years of direct experience in non-consumer lending in particular commercial real estate lending, with a strong preference for experience in affordable housing finance, nonprofit facility lending, energy/climate lending or community development banking
Strong computer skills including proficiency in Microsoft Office and CRM software required
Commitment to and skill with clear, detailed, service-oriented written and verbal communication with borrowers and C4C colleagues
Preferred
Experience in affordable housing finance, nonprofit facility lending, energy/climate lending or community development banking
Small business lending experience a plus
Company
Capital For Change, Inc.
As of July 1, 2016 Community Capital Fund, Connecticut Housing Investment Fund and the Greater New Haven Community Loan Fund have merged to form Capital for Change, Inc.
11-50 employees
Funding
Current Stage
Early StageTotal Funding
$2.48MKey Investors
KeyBank FoundationCommunity Development Financial Institutions FundM&T Charitable Foundation
2025-07-28Grant
2023-04-10Grant· $2.48M
2022-10-17Grant
Leadership Team
Diane L. Smith
Chief Executive Officer
Bhavani Daryanani
Interim Chief Financial Officer
Company data provided by crunchbase