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Affordable CRE Coverage Banker - Grandbridge Real Estate Capital

The position is described below. If you want to apply, click the Apply Now button at the top or bottom of this page. After you click Apply Now and complete your application, you'll be invited to create a profile, which will let you see your application status and any communications. If you already have a profile with us, you can log in to check status.Need Help? (https://www.brainshark.com/bbandt/careers-site-faq)If you have a disability and need assistance with the application, you can request a reasonable accommodation. Send an email to Accessibility (careers@truist.com?subject=Accommodation%20request)(accommodation requests only; other inquiries won't receive a response).Regular or Temporary:RegularLanguage Fluency: English (Required)Work Shift:1st shift (United States of America)Please review the following job description:Job SummaryManage bank sourced relationship clients to find financial solutions for Affordable CRE transactions. In this capacity the banker will act as a trusted advisor for Truist’s clients, this role goes beyond the economics of a deal and aligns our interests with that of our clients. The banker will evaluate each transaction to determine the best financing options (Fannie Mae, Freddie Mac, FHA/HUD).Essential Duties and ResponsibilitiesFollowing is a summary of the essential functions for this job. Other duties may be performed, both major and minor, which are not mentioned below. Specific activities may change from time to time.• Leverage the Truist CRE platform to consistently deliver a differentiated client experience for these top relationship clients of the bank.• Extensive understanding and experience in targeted affordable housing.• Market Fannie Mae, Freddie Mac, and FHA loan programs to current and potential new borrowers.• Proactively contact clients to fully develop relationship as well as to address any current needs that they may have regarding debt financing for both affordable and market rate housing.• Provide the clients with varying financing options that is best suited for the client’s needs.• Research and understand the real estate markets in which your clients operate.• Develop and implement an annual marketing plan that informs borrowers of the services provided by Grandbridge/Truist.• Perform preliminary underwriting of the loan and properly identify the most probable lenders.• Work with support staff, underwriting and credit in the preparation of the preliminary and final loan submissions.• Work with support staff to maintain client/pipeline data in Salesforce.QualificationsRequired Qualifications:The requirements listed below are representative of the knowledge, skill and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.• Bachelor’s degree in business, or equivalent education and related training.• Ten years of experience as an affordable housing specialist focused on Agency Financing.• Strong computer skills; including proficiency in Microsoft Word, Microsoft Excel, and Microsoft PowerPoint.• Understand the physical aspects of all commercial property types, typical real estate lending parameters, interest rate structures, and tests of reasonableness.• Highly organized.• High attention to detail.• Ability to meet deadlines.• Ability to simultaneously handle a variety of assignments.• Excellent written and verbal communication skills.• Ability to travel.Preferred Qualifications:• Master of Business Administration (MBA) or Master’s degree in Finance or Real Estate.• Proficiency in Salesforce, CoStar, Trepp and Argus.• Deep understanding of Fannie Mae and Freddie Mac lending programs.The annual base salary for this position is $150,000 - $300,000General Description of Available Benefits for Eligible Employees of Truist Financial Corporation: All regular teammates (not temporary or contingent workers) working 20 hours or more per week are eligible for benefits, though eligibility for specific benefits may be determined by the division of Truist offering the position. Truist offers medical, dental, vision, life insurance, disability, accidental death and dismemberment, tax-preferred savings accounts, and a 401k plan to teammates. Teammates also receive no less than 10 days of vacation (prorated based on date of hire and by full-time or part-time status) during their first year of employment, along with 10 sick days (also prorated), and paid holidays. For more details on Truist’s generous benefit plans, please visit our Benefits site (https://benefits.truist.com/). Depending on the position and division, this job may also be eligible for Truist’s defined benefit pension plan, restricted stock units, and/or a deferred compensation plan. As you advance through the hiring process, you will also learn more about the specific benefits available for any non-temporary position for which you apply, based on full-time or part-time status, position, and division of work.Truist supports a diverse workforce and is an Equal Opportunity Employer that does not discriminate against individuals on the basis of race, gender, color, religion, citizenship or national origin, age, sexual orientation, gender identity, disability, veteran status or other classification protected by law. Truist is a Drug Free Workplace.EEO is the Law (https://www.eeoc.gov/sites/default/files/2022-10/EEOC_KnowYourRights_screen_reader_10_20.pdf)Pay Transparency Nondiscrimination Provision (https://www.dol.gov/sites/dolgov/files/OFCCP/pdf/pay-transp_%20English_formattedESQA508c.pdf)E-Verify (https://e-verify.uscis.gov/web/media/resourcesContents/E-Verify_Participation_Poster_ES.pdf)

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What You Should Know About Affordable CRE Coverage Banker - Grandbridge Real Estate Capital, Truist

Are you ready to take your career to new heights as an Affordable CRE Coverage Banker at Grandbridge Real Estate Capital in beautiful Denver, CO? In this dynamic role, you'll become a trusted advisor for our clients, helping them navigate the world of Affordable CRE transactions. Your expertise will shine as you evaluate each transaction, determining the best financing options through Fannie Mae, Freddie Mac, or FHA/HUD. We're looking for someone who can leverage our comprehensive Truist CRE platform to deliver exceptional client experiences. You'll have the chance to proactively build relationships, market loan programs, and provide tailored financing solutions for affordable and market-rate housing. Your understanding of real estate markets will be crucial as you work with support staff to prepare loan submissions and maintain data in Salesforce. With a bachelor’s degree and ten years of experience as an affordable housing specialist under your belt, you’ll thrive in this highly organized position that requires a keen attention to detail and excellent communication skills. As you embark on this rewarding journey with us, enjoy a competitive salary, a plethora of benefits, and the opportunity to contribute to enhancing affordable housing solutions.

Frequently Asked Questions (FAQs) for Affordable CRE Coverage Banker - Grandbridge Real Estate Capital Role at Truist
What responsibilities does an Affordable CRE Coverage Banker at Grandbridge Real Estate Capital have?

As an Affordable CRE Coverage Banker at Grandbridge Real Estate Capital, your primary responsibilities include managing client relationships to provide financial solutions for Affordable CRE transactions. You'll evaluate financing options and market different loan programs to borrowers. Proactively reaching out to clients, assisting them with debt financing, and maintaining accurate pipeline data in Salesforce are also essential components of your role.

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What qualifications are needed to become an Affordable CRE Coverage Banker at Grandbridge Real Estate Capital?

To qualify as an Affordable CRE Coverage Banker at Grandbridge Real Estate Capital, you should have at least a bachelor’s degree in business or a related field and ten years of experience in affordable housing, specifically focused on agency financing. Proficiency in Microsoft Office applications and knowledge of Fannie Mae and Freddie Mac lending programs are crucial, and a keen understanding of real estate lending parameters is essential.

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What salary range can a prospective Affordable CRE Coverage Banker expect at Grandbridge Real Estate Capital?

At Grandbridge Real Estate Capital, the annual base salary for the Affordable CRE Coverage Banker position typically ranges from $150,000 to $300,000. This competitive compensation reflects the importance of the role and the expertise required to successfully navigate affordable housing financing.

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What are the key skills required for an Affordable CRE Coverage Banker role at Grandbridge Real Estate Capital?

An Affordable CRE Coverage Banker at Grandbridge Real Estate Capital should possess strong organizational skills, attention to detail, and excellent written and verbal communication abilities. You must also be adept at handling multiple assignments and possess a solid understanding of commercial property types and real estate lending parameters.

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What benefits does Grandbridge Real Estate Capital offer to its Affordable CRE Coverage Banker employees?

Grandbridge Real Estate Capital offers a comprehensive benefits package for eligible employees, including medical, dental, and vision insurance, life insurance, a 401(k) plan, paid vacations, sick days, and holidays. Additional benefits may include participation in a pension plan and restricted stock units.

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Common Interview Questions for Affordable CRE Coverage Banker - Grandbridge Real Estate Capital
Can you describe your experience with Fannie Mae and Freddie Mac lending programs?

When answering this question, highlight specific projects or transactions you’ve worked on involving these programs. Discuss how you’ve successfully leveraged these lending options to meet client needs and any challenges you overcame in the process.

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What strategies do you use to build and maintain client relationships?

Explain your approach to client relationship management by discussing how you establish trust, actively listen to client needs, and provide solutions that align with their goals. Share examples demonstrating your proactive outreach and follow-up methods.

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How do you stay informed about changes in the affordable housing market?

Talk about the resources you utilize to stay updated, such as industry publications, market research reports, or networking events. Emphasize your dedication to continually educating yourself to provide the best solutions for clients.

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Can you give an example of a successful transaction you've completed in affordable housing?

Provide a detailed account of a specific transaction. Highlight the challenges faced, how you navigated them, and the positive outcome for your client. This demonstrates your practical experience and problem-solving skills.

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What do you think sets Grandbridge Real Estate Capital apart from its competitors?

Discuss what you've learned about Grandbridge, focusing on its unique offerings and commitment to clients in the affordable housing sector. Your insights into its values can show your enthusiasm for the role and alignment with the company culture.

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How do you manage multiple client accounts and competing deadlines?

Illustrate your organizational skills by outlining systems you use to prioritize tasks and manage deadlines. Share techniques, software tools, or strategies, such as effective time management or project management approaches.

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What are the biggest challenges in the affordable housing finance sector today?

Discuss current industry challenges such as regulatory changes, affordability issues, or market fluctuations. Demonstrate your knowledge of the industry and how you would approach these challenges in your role.

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What role does technology play in your workflow as a banker?

Explain how you leverage technology, such as CRM platforms like Salesforce, analytics tools, or industry-specific software to enhance your efficiency and effectiveness in managing client relationships and transactions.

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How do you perform preliminary underwriting for a loan?

Discuss the process you follow for preliminary underwriting, including assessing client information, evaluating risk factors, and determining lending terms. Provide a clear framework to illustrate your analytical capabilities.

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Why do you want to work as an Affordable CRE Coverage Banker at Grandbridge Real Estate Capital?

Share your motivation by discussing your passion for affordable housing, your admiration for Grandbridge's reputation, or aspects of the role you find particularly appealing. Show that you’ve thoughtfully considered how your skills align with the company’s mission.

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Full-time, on-site
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December 7, 2024

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