Lending Associate

Lending Associate

Position Description 

 (2026)

Who we are:  

The Leviticus 25:23 Alternative Fund is rooted in faith and the call to expand access to economic opportunity. The Fund provides flexible capital, expertise, and advocacy to propel the growth of healthier communities. Leviticus creates opportunities for vulnerable, low-income people – especially those who have been repeatedly harmed – to thrive and live with dignity.  

Our loans support the pre-construction, construction, and permanent phases of affordable housing, including supportive housing for people with special needs and extremely low incomes; childcare and early learning centers; charter public schools; nonprofit office and program delivery space; and community economic development projects. Leviticus is also committed to decarbonization and to improving the energy efficiency of existing and new affordable housing and community facilities across all communities. Our target market includes all counties in NY, NJ, and CT. 

This position is based in Tarrytown, New York (Westchester County). Candidates who reside in the NYC metropolitan area are preferred, though flexibility will be considered for strong candidates. The position requires travel to meetings across the metro area.  

Why we need you:  

Leviticus has grown from a $19 million fund at the start of 2014 to nearly $200 million today, and we continue to see strong demand from nonprofit housing and community development organizations for our capital and expertise. To meet this demand, we need a new Lending Associate to provide critical support to investment officers in screening, origination, closing, and monitoring loans for a range of community development projects. The Lending Associate is expected to take on independent origination and underwriting responsibilities over time. 

The person who fills this position is expected to take on increasing responsibility while receiving support from experienced colleagues who are equally passionate about our charitable mission. We are open to creative, results-oriented candidates. Leviticus will provide in-house and external training to build real estate lending knowledge quickly. There will be ample room for advancement within Leviticus, as we are still a small staff but a growing organization. 

What you will do:  

Under the supervision of the Senior Director of Lending, the Lending Associate will directly support Leviticus' investment in low-income communities and people in the New York metropolitan area by creating and maintaining a robust portfolio of affordable housing, commercial real estate, and nonprofit organizational loans. The Lending Associate will have a variety of duties, including:  

• Loan Origination – Support Lending Officers and the Senior Lending Manager by communicating with prospective borrowers to assess their financing needs, organizational experience, capacity, and projected impact; collecting and compiling pre-application materials for Investment Officers' review; and conducting additional discussions with prospective borrowers to obtain any further details about proposed transactions. 
• Loan Underwriting: Support Lending Officers in determining loan structures and assessing credit risks; conduct initial application reviews and preliminary analyses of applicants' financial condition and project impact; manage applicant materials and the underwriting workbook; and participate in the presentation of loans for approval by the internal credit committee. 
• Loan Pipeline Management: Maintain weekly loan production status reports; draft initial term sheets for prospective loans; and the commitment letters for approved loans. 
• Provide support to the Lending Team and other members of the Leviticus staff in completing various organizational tasks. 
• Represent Leviticus at industry conferences and networking events in New York, Connecticut, and New Jersey. 

Working at Leviticus:  

Our team consists of committed, adaptable, creative, and flexible problem-solvers. We foster a culture of listening and learning and are committed to treating each other – and the communities we serve – with respect.  

A candidate should share a passion for the Leviticus mission and possess the skills to meet the expectations of this role. Specifically, we are seeking someone who has: 

• Completed a bachelor's degree program. Leviticus recognizes all forms of knowledge, including additional education and learning through lived or work experience. 
• A strong interest in and desire to learn about issues related to affordable housing development, environmental sustainability, supportive housing (including homelessness), community development and revitalization, and support service programs that address mental illness or substance use issues. 
• A basic understanding of corporate financial statements, some knowledge of nonprofit financial statements, and financial analytical skills. 
• Strong interpersonal and communication skills, including a desire to be part of a team at a mission-based nonprofit organization, openness to learning new skills, and a good sense of humor. 
• Work experience in affordable or supportive housing lending or development is a plus. 
• A working knowledge of federal, state, and local affordable and supportive housing programs is a plus. 
• An understanding of how individual choices and merit impact all communities, experience engaging various communities through open dialogue, and the ability to communicate effectively with stakeholders from a wide range of backgrounds are a plus. 

Candidates are expected to initially work in the office at least three days per week. For telecommuting, candidates must have access to a secure, high-speed internet connection (preferably hard-wired) in their personal work environment, with sufficient capacity to support simultaneous video, web, and email processing (typically 100 Mb or higher). 

Compensation:  

 The starting salary for the Lending Associate position is competitive and commensurate with the extent to which an applicant's experience aligns with the job requirements. We negotiate the final salary with selected candidates. 

We are recruiting individuals interested in advancing to more senior positions within the organization in the next couple of years. 

Benefits include a 7.5% discretionary employer contribution to a 403(B) plan, plus a matching contribution of $0.50 per dollar up to 5% of an employee's salary, along with health, dental, vision, and paid time off starting at 25 days per year and increasing annually.  

How to Apply:  

Please submit a letter of interest, resume, and salary requirements to JOBS@leviticusfund.org. Salary requirements must be provided. 

Equal Opportunity Employer: The Leviticus Fund is an Equal Opportunity Employer and is committed to building a culturally diverse staff. We strongly encourage applications from female and minority candidates.