Associate Director, CPACE Transaction Management

Job Description

Associate Director, CPACE Transaction Management
Nuveen Green Capital finances clean energy retrofits and clean new construction on commercial buildings through an innovative program called C-PACE (Commercial Property Assessed Clean Energy). C-PACE is a public-private financing mechanism through which private lenders provide low-cost, long-term funding for energy efficiency, renewable energy and water conservation projects in commercial properties. C-PACE financing is repaid as an assessment on the property's regular tax bill and processed the same way as other local public benefit assessments have been for decades. C-PACE is gaining traction among real estate owners and developers who are incorporating this specialty financing into their capital stacks.

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 on-the-job learning, unparalleled strategic input, access to company executives and tremendous growth potential.

Key Responsibilities and Duties

Transaction Management

• Leading a diverse pipeline of C-PACE 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 C-PACE financing.
• Supporting relationships with commercial clean energy contractors, building owners, 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 Capital’s mission to be the Lender of Choice for our clients and partners.

 
Underwriting

• Preparing term sheets for early-stage deals and assisting with presentation materials when needed.
• Managing deal structuring negotiations, leading borrowers and senior lenders through how PACE can be a value-add in development project capital stacks.
• Leveraging third-party market research, such as CoStar, to support underwriting assumptions.
• Identifying transaction risks and tracking exceptions to Nuveen Green Capital’s underwriting criteria.
• Drafting and presenting credit memos to obtain credit approval, interfacing with Nuveen Green Capital’s credit team to troubleshoot underwriting concerns.
• Completing loan files accurately and thoroughly.

Educational Requirements

• University (Degree) Preferred

Work Experience

• 3+ Years Required; 5+ Years Preferred

Physical Requirements

• Physical Requirements: Sedentary Work

Career Level
7IC

Required Qualifications:

• 3+ Years of commercial real estate construction lending experience

Preferred Qualifications:

• 5+ Years of commercial real estate construction lending 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