Commercial Credit & Climate Finance Lead

The Commercial Credit & Climate Finance Lead will help us build our growing portfolio of commercial real estate and climate finance programs

The Tucson Industrial Development Authority (Tucson IDA) is a quasi-governmental nonprofit organization whose mission is to enable strategic economic and community development by providing financing and access to capital for projects and programs that benefit a thriving Tucson. Our subsidiary, Groundswell Capital is a nonprofit lending organization focuses on sustainable economic development and access to capital.

The Industrial Development Authority of the City of Tucson is an award winning economic development finance agency and our subsidiary, Groundswell Capital, is a mission-driven lending institution and greenbank committed to building a vibrant, inclusive, and sustainable economy in Arizona. We deliver innovative capital solutions that help small businesses, real estate developers, and community partners create lasting positive impact. Our programs include small business lending, affordable housing financing, clean energy and water projects, and Private Activity Bonds.

As an economic development financial institution we work across a number of domains to improve the quality of life for our community.

We are seeking an energetic, mission-oriented, and financially-savvy professional to help us build our growing portfolio of commercial real estate and climate finance programs. These programs include Earth Wise, Good Energy Loan Fund, a new Neighborhood Catalyst Fund focused on missing middle and infill development. There will be significant opportunities for on-the-job training and long term growth, but the right candidate brings to the table a bright analytical and finance-oriented mind, the ability to learn complex topics quickly, and the drive to close deals efficiently.

The work demands attention to detail, multitasking, and excellent communication skills.

The Commercial Credit & Climate Finance Lead will focus on growing our portfolio companies and programs related to economic development of the built environment, which includes real estate transactions and climate investments. Our work ranges from affordable housing, commercial projects, and infrastructure opportunities. We leverage a variety of financial tools to complete our mission including gap financing, term loans, and bonds.

The right candidate has a strong handle on how projects of various sizes are financed, experience reviewing, evaluating, and developing models and pro-formas with exceptional attention to detail, analysis and judgement. As a business development role, this position requires excellent communication, project management, and organization to ensure deals do not fall between the cracks. This role will cultivate relationships with homeowners, developers, nonprofits, municipalities, and other stakeholders;

evaluate financing proposals; and manage projects from development to ongoing servicing.

The ideal candidate for this position is passionate about how the built environment can be used to solve big challenges facing our community and is eager to participate in the emerging field of climate finance.

• Under the guidance of the CEO, support business development activities such as identifying, cultivating, and securing new lending and bond opportunities with developers, municipalities, and other partners.
• Contribute to strategies to grow and maintain a fresh pipeline of active projects
• Represent the organization at industry events, panels, and conferences to promote programs and identify deal flow.
• Coming up to speed quickly on our products and services and the ability to articulate them to potential customers.

• Source, structure, and participate in underwriting real estate, infrastructure, and clean energy loans in accordance with organizational policies and risk standards with the support of a financial…