Associate Director, CPACE Transaction Management
Associate Director, CPACE Transaction Management
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1 Vacancy
Job Description
Nuveen Green Capital (NGC) is a rapidly growing company with the goal of changing how our countrys commercial real estate buildings produce and use energy. We finance commercial real estate new construction developments substantial rehab projects and retrofits of existing buildings with an innovative financing product called CPACE (Commercial Property Assessed Clean Energy). Nuveen Green Capital is the nations leading provider of CPACE financing. CPACE financing funds multimillion dollar energy water and resiliency measures within a commercial real estate projects construction budget and is paired with traditional construction bridge and permanent financing to complete a projects capital stack. CPACE financing is attractively priced constructiontopermanent financing that is growing in popularity among real estate developers and property owners.
The Associate Director CPACE Transaction Management plays a critical role in all aspects of project development including the support of loan origination transaction management and underwriting. They will support Nuveen Green Capital as it advances complex commercial projects through to completion. They will also benefit from rapid onthejob learning unparalleled strategic input access to company executives and tremendous growth potential.
Key Responsibilities and Duties
Underwriting
- Preparing term sheets for earlystage deals and assisting with presentation materials when needed.
- Managing deal structuring negotiations leading borrowers and senior lenders through how PACE can be a valueadd in development project capital stacks.
- Leveraging thirdparty market research such as CoStar to support underwriting assumptions.
- Identifying transaction risks and tracking exceptions to Nuveen Green Capitals underwriting criteria.
- Drafting and presenting credit memos to obtain credit approval interfacing with Nuveen Green Capitals credit team to troubleshoot underwriting concerns.
- Completing loan files accurately and thoroughly.
Transaction Management
- Leading a diverse pipeline of CPACE projects of various complexity triaging and prioritizing the most impactful next steps for the overall pipeline.
- Communicating internally with originations credit legal and asset management teams and externally with clients and partners to keep the deal team on track for key milestones and closing.
- Working with mortgage holders (where applicable) to gain consent for CPACE financing.
- Supporting relationships with developers brokers mortgage lenders and other industry stakeholders.
- Preparing for client meetings including development of background material and presentations.
- Increasing market awareness of Nuveen Green Capital.
- Going above and beyond to ensure a positive customer experience creatively solving challenging problems and enthusiastically supporting Nuveen Green Capitals mission to be the Lender of Choice for our clients and partners.
- Coaches and reviews the work of lower level professionals to ensure highquality and timely completion of projects.
Educational Requirements
- University (Degree) Preferred
Work Experience
- 3 Years Required; 5 Years Preferred
Physical Requirements
- Physical Requirements: Sedentary Work
Career Level
7IC
Required Qualifications:
- Minimum of 3 Years of commercial real estate construction underwriting experience
Preferred Qualifications:
- 5 Years of commercial real estate construction underwriting experience
- Masters/MBA related to CRE
- Demonstrated interest in sustainability and/or clean energy deployment
- Experience with financial structuring of commercial real estate construction/development projects
Anticipated Posting End Date:
Base Pay Range: $153200/yr $187000/yrActual base salary may vary based upon but not limited to relevant experience time in role base salary of internal peers prior performance business sector and geographic location. In addition to base salary the competitive compensation package may include depending on the role participation in an incentive program linked to performance (for example annual discretionary incentive programs nonannual sales incentive plans or other nonannual incentive plans).
Company Overview
Nuveen the investment manager of TIAA offers a comprehensive range of outcomefocused investment solutions designed to secure the longterm financial goals of institutional and individual investors. Its affiliates offer deep expertise across a comprehensive range of traditional and alternative investments through a wide array of vehicles and customized more information about the firm please visit our website at
Benefits and Total Rewards
The organization is committed to making financial wellbeing possible for its clients and is equally committed to the wellbeing of our associates. Thats why we offer a comprehensive Total Rewards package designed to make a positive difference in the lives of our associates and their loved ones. Our benefits include a superior retirement program and highly competitive health wellness and work life offerings that can help you achieve and maintain your best possible physical emotional and financial wellbeing. To learn more about your benefits please review our Benefits Summary.
Equal Opportunity
We are an Equal Opportunity Employer. TIAA does not discriminate against any candidate or employee on the basis of age race color national origin sex religion veteran status disability sexual orientation gender identity or any other legally protected status.
Read more about your rights and view government notices here.
Accessibility Support
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If you are a U.S. applicant and desire a reasonable accommodation to complete a job application please use one of the below options to contact our accessibility support team:
Phone: (800)
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Required Experience:
Director
Employment Type
Full-Time
