VP, CPACE ORIGINATION

OverviewABOUT US:Founded in 1993, Bayview Asset Management is an investment management firm focused on investments in mortgage and consumer credit, including whole loans, asset-backed securities, mortgage servicing rights, and other credit-related assets.POSITION SUMMARY:The CPACE Loan Orginator will be responsible for sourcing Commercial PACE (CPACE) opportunties for the Bayview CPACE programs. This will be the orginator's primary responsbiility. The focis is on CPACE transactions over $10MM in size, both new construction and retoactive financing. RESPONSIBILITIES:Originate a minimum of $50MM of closed CPACE transactions per year.A seasoned originator should produce over $100MM of closed CPACE transactions per year. This includes:Producing four qualified quotes per month Delivering two qualified term sheets per monthSigning one term sheet per monthMaintain existing relationships and develop new relationships with potential clients including borrowers, mortgage bankers and bank and debt fund lenders: Keep all contact information up to date in the CRM and email blast systemsTrack meetings and correspondence in CRM systemCoordinate with other originators to manage conflicts Source and screen potential CPACE loans utilizing a sound understanding of CPACE program guidelines and Bayview CPACE underwriting criteria. Critically evaluate deals to determine feasibility and fit with Bayview PACE underwriting guidelines: strength of sponsor and marketstatus of equity, debt and other financing sources, and underlying proforma assumptions Attending conferences, hosting webinars, lunch-n -learns and participating in other marketing activities for Bayview CPACE. Meeting face to face with clients is a key aspect of this role.Work closely with Banks, Debt funds and other potential lending partners to gain consent for CPACE transactions. Manage the originations process through a signed term sheet. Work with analysts and other CPACE resources to identify and screen opportunities, generate quotes, prepare greenlight reviews, and generate term sheets. Support the transaction management team once the term sheet is signed. Maintain relationship with the borrower through closing and servicing.Work with Bayview Commercial team to identify and screen complimentary Mezz, Bridge, Construction and Perm loans for the platform, utilizing a sound understanding of Bayview's lending programs and standards to determine if loan opportunities fit one of the lending programs.Prioritize assignment to deliver expected work-product on a timely basis.Exercise exemplary corporate citizenship including strict adherence to compliance requirements and Bayview's tenets.Other duties as needed or assigned. Qualifications:Bachelor's degree5 to 10 years of Commercial Real Estate Loan Origination experience, preferably working with a CRE mortgage banker, CRE debt fund lender or bank.SKILLS:Ability to work in a highly paced and dynamic environmentKnowledge of Commercial Real Estate lending fundamentals including construction loans; ability to analyze cash flows and real estate business plans.Strong communication and interpersonal skillsWillingness to travel one week per monthWorking knowledge of Excel and Word and CRM systemsLOCATION and COMPENSATION:This role will be remote (preference for TX, Northeast, or CA) with ability to work in the NYC, Denver, or Coral Gables office.Base compensation is expected to be $150,000-$200,000* with the opportunity for incentive compensation including bonus compensation. *Salary may vary based on work experience, market conditions, location, and qualificationstraining.EEOCBayview is an Equal Employment Opportunity employer. All aspects of consideration for employment and employment with the Company are governed on the basis of merit, competence and qualifications without regard to race, color, religion, sex, national origin, age, disability, veteran status, sexual orientation, or any other category protected by federal, state, or local law.

Created: 2025-02-14