Paul Brodersen Email & Phone Number

Orlando, Fl, Us

Greater Orlando

Orlando, Florida Area

Led and managed all facets of the underwriting of new construction and rehabilitation of affordable housing transactions financed, in part, with LIHTC from term sheet to closing. Prepared credit memorandums and financial analysis spreadsheets, presenting to credit and senior leaders with clear and succinct narrative supported by data driven conclusions and appropriate risk mitigation. Analyzed financial feasibility of new transactions, including construction, acquisition and permanent loans, letters of credit, LIHTC equity, multi-layer public and private financing, and a variety of rental and operating subsidies (e.g., Section 8, ACC, RAD, tax abatement). Analyzed and modeled construction budgets, operating proformas, and market factors; reviewed appraisals and other third-party reports; completed sponsor analyses; and identified and mitigated transaction risks. Negotiated loan and investment terms in collaboration with internal and external partners. Utilized extensive understanding of and experience with transaction financial modeling. A top performer, recognized as a go-to underwriter for large transactions, quick closings, unique and challenging deal structures, and difficult clients. Actively mentored, trained, and coached a portion of department’s new hires and junior staff on all facets of underwriting, allowing for substantial growth of team. Tasked with reviewing work of less experienced staff to ensure quality. Demonstrated ability to manage multiple complex transactions and collaborated with internal and external constituents to meet approval and closing deadlines.

Orlando, Florida

Partner with Relationship Managers to underwrite new loan and tax credit equity investment opportunities and manage portfolio of existing relationships. Prepare underwriting memoranda, analyze market, and coordinate due diligence collection and review. Ensure credit decisions are properly documented and portfolio monitored, including personal preparation of annual financial reviews.• Manage portfolio with exposure of $281 million consisting of multifamily construction and perm debt, low income housing tax credit (LIHTC) equity investments, and new market tax credit financing.

Managed portfolio of existing Commercial Real Estate relationships. Prepared underwriting memoranda, negotiated pricing, terms and structure, coordinated due diligence collection and review, engaged counsel and reviewed and executed loan documents. Ensured credit decisions were properly documented and portfolio monitored, including personal preparation of annual financial reviews.• Managed portfolio with exposure of $68 million consisting of multifamily, retail, office, and light industrial income properties.

Coordinated legal activities for construction financing of affordable housing communities associated with Low Income Housing Tax Credits (LIHTC) and New Markets Tax Credits (NMTC). Functions included: assessing legal issues associated with real estate construction loans; reviewing complex legal, appraisal and title information; evaluating risks and recommending mitigation strategies; drafting and reviewing legal documentation; coordinating with outside counsel; assisting lending staff in negotiating documentation issues with borrower; and monitoring the due diligence process.

Partnered with Relationship Managers in the Community Lending/Homebuilder/Business Banking segments to help them achieve new loan sales goals, balanced with credit quality. Engaged in direct customer contact on daily basis. As primary credit officer within assigned portfolio, prepared underwriting memoranda, approved credit requests, negotiated terms and structure, coordinated due diligence collection and review, engaged counsel and reviewed documents for closing. Ensured credit decisions were properly documented and portfolio monitored, including personal preparation of annual financial reviews.• Both Commercial and Commercial Real Estate loan authority (new/existing): Direct $8MM/$15MM, Operating $8MM/$15MM, Incremental $1.5MM.• Managed portfolio with commitments as high as $468 million consisting of income producing and for-sale real estate, including LIHTC and NMTC deals: multifamily, retail, office, residential condo construction, residential acquisition and development, and single family builder lines. Also included syndicated deals, including a WB-agented equity subscription line.

Sales/cross-sales of all credit and non-credit products and services to agribusiness clients and prospects. Prepared underwriting memoranda, negotiated pricing, terms and structure, coordinated due diligence collection and review, engaged counsel and reviewed and executed documents for closing. Ensured credit decisions were properly documented and portfolio monitored, including personal preparation of annual financial reviews. • Closed on new $25 million revolver won against competition from BoA and Farm Credit.• Managed portfolio with commitments of $88 million.

Managed portfolio of existing large Commercial Banking (RCBO) relationships. Underwrote renewals and modifications; coordinated due diligence collection and review, engaged counsel and reviewed documents for closing. Ensured credit decisions were properly documented and portfolio monitored, including preparation of annual financial reviews.• Both Commercial and Commercial Real Estate loan authority of $2 million.• Managed portfolio with commitments of $491 million.

Assessed quality of underwriting, risk assessment, portfolio servicing, loan administration, and compliance with bank policy and regulatory requirements. Provided guidance/training to line personnel. Performed portfolio trend analysis. Led or assisted in preparations for regulatory agency examinations and participated in due diligence, post-acquisition, and special lending unit reviews. • Reviewed all industries served by the Business Banking, Commercial Banking, and Wealth Management segments. Designated citrus industry expert.

Sales/cross-sales of all credit and non-credit products and services to Commercial and Business Banking clients and prospects. Prepared underwriting memoranda, negotiated pricing, terms and structure, coordinated due diligence collection and review, engaged counsel and reviewed and executed documents for closing. Ensured credit decisions were properly documented and portfolio monitored, including personal preparation of annual financial reviews.• Managed portfolio with commitments of $15 million.

Managed local commercial credit department and file room, supervising a staff of four direct reports.

Formal commercial banking training program.

Masters, Accounting

Bsba, Finance