Loan Officer
Washington Federal May 2008 – Present
- Manage a portfolio of loans totaling more than $85,000,000
- Meet with potential new client’s to determine a project’s feasibility, risks and IRR.
- Negotiate pricing, including interest rate, loan fee, term, and pre-payment-penalty
- Review and approve construction draws for condominiums, office, apartments and single-family homes. Loans range in size from $1,000,000 up to $16,000,000
- Designed an excel worksheet to analyze various aspects of a building’s income potential. This matrix is now used bank wide and takes into account such factors as: income, vacancy, expenses, cap rates, DCR, construction costs, interest reserve requirements, policy exceptions and more
Production Assistant
Washington Federal May 2006 – May 2008
- Inspect various properties once a month to ensure work completed coincided with draw requests
- Analyze the income potential of various real estate properties including office buildings, apartments, condominiums residential plats and others
- Research local market trends (vacancy rates, cap rates, absorption rates and current inventory) to ensure sufficient demand for a proposed project/loan
- Present to loan committee a written analyses of a project’s financial conclusions, as described above, as well as exceptions to loan policy, mitigating factors to potential weaknesses, environmental issues and analyses of appraisal
Assistant Relationship Manager
The Commerce Bank Aug. 2003 – Feb. 2006
- Underwrite construction loans, ranging from $2MM to $35MM, for income properties including: apartments, condominiums, retail, office, light industrial, and mini storage facilities
- Determine a project’s feasibility by researching various aspects including: cash flow, DCR, construction budget and guarantors’ financial strength
- Prepare loan packages for Senior Loan Committee which succinctly and accurately describe the project, including: site description, cash flow, client’s experience/resume, and appraisal analyses
- Coordinate tasks between third party vendors, various bank departments and the client to ensure critical deadlines are met
- Correctly analyze data while working under pressure to comply with the bank’s underwriting requirements while meeting clients’ schedule
- Make recommendations to the loan officer as to the project’s strengths and weaknesses, present solutions to mitigate any possible weaknesses
- Attend client meetings and site inspections, act as a second contact for the client
Client Services Officer
Key Bank Sept. 1999 - May 2003
- Approved construction draws for a $750,000,000 portfolio (average loan size was $13MM) for property types including: apartments, condominiums, retail, office, light industrial, and self-storage
- Reviewed third party reports including: monthly inspection reports, updates to the title policy, lien waivers, and various legal documents
- Analyzed the construction schedule and project financing to ensure the project remained on time and in budget
- Protect the bank’s interest while helping clients work to remove liens, negotiate with bankrupt general contractors and various other construction challenges
Professional History
Loan Officer 05/08 - present
Washington Federal
Credit Analyst 05/06 - 05/08
Washington Federal
Credit Analyst 08/03 - 02/06
The Commerce Bank
Construction Disbursement Officer
09/99 - 05/03 Key Bank
Lending skills
Property Types
Apartments, Office, Retail, Condos, Mini-Storage, Mixed-Use, Mobile Home Parks and some residential
Loan Types
Perm and Construction (some Foreclosure) loan amounts from $500,000 to $85,000,000
Analysis
Income & Expense, DCR, LTV, Interest Reserve, DCF, Personal Financial Statements, Bukers Tax Analysis
Additional information
Writing samples and references available upon request