Director, Construction Finance (ACLP)

Toronto, ON

Salary Range: $160,000 - $175,000 /yr.

CMLS Financial is looking for an experienced Real Estate Finance professional to join our growing Construction Lending group as a Director, Construction Finance. The role includes direct support for CMHC’s Apartment Construction Loan Program (“ACLP”). Under this mandate, CMLS provides project specific underwriting, structuring, loan recommendations, and loan advance administration for a federally funded national purpose-built multi-residential affordable housing program. Specific activities include loan structuring, obtaining investor approval, loan advance support and monitoring throughout the construction period. In this role, you will report into the Vice President & Managing Director.

Duties and Responsibilities:

• Actively manage and underwrite ACLP lending opportunities
• Act as the Primary Contact/ liaison between the CMHC ACLP underwriting team and borrowers
• Train, manage and develop a small team of Analysts
• Continue the development and enhancement of underwriting templates and mortgage presentations for ACLP
• Prepare credit submissions for recommendation to CMLS Credit Committee, as well as documentation to meet all the conditions precedent required to fund
• Prepare on-going construction loan draws, cross-referencing budgets, and ensuring applicable undertakings are satisfied per the loan Commitment Letter
• Other administrative duties including Portfolio Management, Credit reviews and providing guidance on process and procedure to prospective ACLP applicants

 Skills and Experience:

• Completion of an undergraduate degree in one of the following concentrations: business administration, accounting, finance, or real estate
• A minimum of 10 years of real estate industry experience with at least 5 years of experience in construction finance and/or commercial credit
• Previous experience dealing directly with borrowers/developers
• Possession of strong interpersonal relationship building, negotiation, conflict management and presentation skills
• Proven ability to work both independently and collaboratively with a team within a fast paced, deadline driven environment
• Ability to take ownership of your work and demonstrate a high degree of accountability and commitment
• Results-driven and possess strong organizational skills with a high attention to detail
• Looking for career growth within a well-established commercial mortgage lender

Benefits and Perks

Some of the benefits we offer at CMLS are:

• Health and Wellness Spending Accounts
• Health, Drug, Vision, and Dental benefits
• Paid vacation, sick days, and personal days (in addition to all civil and statutory holidays)
• RRSP Matching Program
• Maternity / Parental Leave Top Up Program 
• Discounted gym memberships
• Travel assistance and EAP
• Business Casual dress code
• Company social events + sport teams
• Hybrid work arrangements
• And more!

Who are we?

Established in 1974, CMLS Financial is the leading provider of capital solutions for commercial property owners, developers and real estate investors. We have over 50 years of experience, 30,000 clients, $45 billion in assets under administration, and offices coast to coast. Some of Canada's most prominent banks, investment managers, insurance companies, and pension funds rely on CMLS Financial for a variety of critically important services. Building on our solid foundation of financial strength and experience, we continue to deliver unparalleled capital solutions for all our clients needs.

You will love working here

Employees tell us that they love that we strike the balance in creating an incredibly professional, yet dynamic and enjoyable corporate culture. We work in a fluid and fast-paced environment that is supportive of energetic and motivated individuals who pride themselves on being flexible and results-driven. Our employees are able to gain valuable industry exposure, lots of learning opportunities, and truly impact the business. We are committed to providing our people with a challenging and rewarding career because our employees are what set us apart and we know it.

Equal Opportunity Employer

CMLS Financial is an equal opportunity employer committed to diversity and inclusion. We are pleased to consider all qualified applicants for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, protected veterans status, Aboriginal/Native American status or any other legally-protected factors. Disability-related accommodations are available on request for candidates taking part in all aspects of the selection process.

We want to hear from you!

If you are confident that you would be a strong asset to our team, submit both a cover letter and resume today! We thank all applicants for their time in applying, however we will only contact those selected for an interview. Consideration of applications will begin immediately and continue until the position is filled.