Non Profit Bridge Lending
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.
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