Non profit bridge lenders
We have a number of non profit lenders popping up who basically focus on a small area (ranging from multiple cities to maybe 8-10 blocks of a down town district).  They typically are funded by donations from regional lenders in the area.  Their focus is to lend in second place usually on like a 3 year term to make deals close that otherwise wouldn't and let the purchaser refi after they have rehabbed/stabilized a property.  

Has anyone ever worked for one of these?  I get the impression they are like an executive director with big connections to raise millions in funds and then a few people doing everything else.  

I have a lot of interest in historic communities, development, and being a part of making a community progress.  I guess I'm curious about trying to get a job with one but I'm really not sure what I'd be doing.  Assuming you aren't the director (which I wouldn't be lol), where is your time spent?  Are you raising funds, underwriting, prospecting, networking?  What qualifications do they want?  I have 10 years or so in CRE almost equally split in a property management roll and brokerage roll, but just have a BBA in finance (are they going to want an MBA and underwriting experience?)

Really just curious if I could strike gold and find someone who works for one who could share a bit about them and how they work internally with me.



[{"id": "cno2kow", "text": "I don't know why my comment didn't take:  \n\nWe have a number of non profit lenders popping up who basically focus on a small area (ranging from multiple cities to maybe 8-10 blocks of a down town district).  They typically are funded by donations from regional lenders in the area.  Their focus is to lend in second place usually on like a 3 year term to make deals close that otherwise wouldn't and let the purchaser refi after they have rehabbed/stabilized a property.  \n\nHas anyone ever worked for one of these?  I get the impression they are like an executive director with big connections to raise millions in funds and then a few people doing everything else.  \n\nI have a lot of interest in historic communities, development, and being a part of making a community progress.  I guess I'm curious about trying to get a job with one but I'm really not sure what I'd be doing.  Assuming you aren't the director (which I wouldn't be lol), where is your time spent?  Are you raising funds, underwriting, prospecting, networking?  What qualifications do they want?  I have 10 years or so in CRE almost equally split in a property management roll and brokerage roll, but just have a BBA in finance (are they going to want an MBA and underwriting experience?)\n\nReally just curious if I could strike gold and find someone who works for one who could share a bit about them and how they work internally with me.\n", "replies": [], "depth": 1}]