Property Assessed Clean Energy (PACE) is financing that allows commercial property owners to affordably pay for upgrades or build properties that increase energy efficiency, harness renewable energy, conserve water, and protect against storms. PACE Loan Group (PLG) is a leading lender in this space. We are helping to create a better environment for the world we live in - and we want you to be a part of it.
We are adding a Commercial Credit Underwriter to our Eden Prairie, MN team. We are a small company, so you will immediately have an impact on our team. You will work with seasoned real estate finance veterans, and you will learn about a growing field in CRE finance.
Reporting to your Managing Director, your day-to-day responsibilities will vary, but primarily will be focused on underwriting and closing commercial PACE loans.
While our office is located in Eden Prairie, our employees are hybrid, coming into the office at least two days a week. Want to come in more? No problem. If you have a drive to learn and work hard, and enjoy a small, growing environment, this is the role for you!
Working closely with originators, assess and underwrite complex deals that may use historical tax credits, TIF funding, grants and other sources in their capital stack
Conduct due diligence, and troubleshoot underwriting issues
Execute the PACE due diligence process on (“house” and originator-led) deals
Review for completeness/accuracy and synthesize appraisal data for the appropriateness of the deal
Review Organizational documents of borrowers to ensure proper loan structuring
Review title work for potential issues that impede/supersede a PACE assessment
Review insurances for all applicable requirements
Review and understand the capital stack for the project to ensure compliance with various State regulations
Complete underwriting in a timely fashion, in line with closing deadlines
Other tasks as needed
Skill set must include the following:
At least three years’ experience in finance, and/or real estate (preferably commercial)
Strong Excel knowledge
Problem-solving attitude (identify issues, but also suggest solutions)
Detail-oriented with demonstrated ability to follow through on tasks
Ability to work in a fast-paced environment and deliver accurate, quality work-product
Ability to thrive in a small company, wear multiple hats and grow with the company
We're proud to be an equal opportunity employer and welcome our employees’ differences, regardless of race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, or Veteran status. Difference makes us better. Join us.
We are a team of expert problem solvers committed to finding better funding for our clients. Our personal approach allows us to find unique solutions, and our small size allows us to be nimble. Founded in 2017, PLG is led by career financial and commercial real estate professionals and has established itself as a leading direct C-PACE lender nationwide. Experience the PLG advantage.