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Assistant Vice President, Lending

Toronto, ON

AVP Lending – Commercial

TerraFund Financial Inc. is a mortgage origination and underwriting company established in 1983. TerraFund is the exclusive placement agent for Terrapin Mortgage Investment Corp. (TMIC) and is responsible for originating and underwriting mortgages throughout Western Canada and Ontario. By achieving consistent annual returns, our mortgage fund has grown significantly with a current funding capacity of over $300 million.

 

We are seeking an accomplished commercial mortgage originator based in Toronto, Ontario to help us continue to expand our lending in the GTA. Candidates should have a minimum of 5-10 years prior commercial lending experience in most asset classes to join our organization as AVP Lending. This position will leverage an established network and take an active role in generating lending opportunities in Ontario and will report to the management of TerraFund Financial Inc., with key areas of responsibility including:

  • Sourcing lending opportunities in land, construction, finished inventory, and investment properties, including residential multi-family, rental, and commercial properties for TMIC. This includes the promotion of the business and managing relations with mortgage brokers, borrowers, co-lenders, funding lawyers, and other stakeholders.
  • Leveraging existing borrower and mortgage broker relationships as well as developing new lending opportunities to maximize high-quality deal flow.
  • Reviewing lending opportunities and ensuring industry best practices in loan origination, underwriting, approvals, due diligence, risk management, etc.
  • Assist in developing and servicing new lending market opportunities in Canada and contributing to the lending strategy for the group.
  • Priority will be given to those candidates that can assist us in further targeting lending opportunities in areas and sub-markets that are currently under-serviced by TerraFund.
  • Overseeing recoveries and workout of non-performing loans, as necessary.
  • In addition to extensive industry knowledge and experience in financing or mortgage underwriting, candidates should have a university education in Urban Land, Finance or equivalent and must be licensed as a Mortgage Broker.

Compensation will be commensurate with relevant experience and will consist of base salary plus commissions based on production and yield.

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