Associate Director, CPACE Underwriting Transaction Management

Nuveen Green Capital (NGC) is a rapidly growing company with the goal of changing how our country’s commercial real estate buildings produce and use energy. We finance commercial real estate new construction developments, substantial rehab projects, and retrofits of existing buildings with an innovative financing product called C-PACE (Commercial Property Assessed Clean Energy). Nuveen Green Capital is the nation’s leading provider of C-PACE financing. C-PACE financing funds multi-million dollar energy, water, and resiliency measures within a commercial real estate project’s construction budget and is paired with traditional construction, bridge, and permanent financing to complete a project’s capital stack. C-PACE financing is attractively priced construction-to-permanent financing that is growing in popularity among real estate developers and property owners.
The Associate Director, CPACE Transaction Management plays a critical role in all aspects of project development, including the support of loan origination, transaction management, and underwriting. They will support Nuveen Green Capital as it advances complex commercial projects through to completion. They will also benefit from rapid on-the-job learning, unparalleled strategic input, access to company executives and tremendous growth potential.


Key Responsibilities and Duties

Underwriting

• Preparing term sheets for early-stage deals and assisting with presentation materials when needed.

• Managing deal structuring negotiations, leading borrowers and senior lenders through how PACE can be a value-add in development project capital stacks.

• Leveraging third-party market research, such as CoStar, to support underwriting assumptions.

• Identifying transaction risks and tracking exceptions to Nuveen Green Capital’s underwriting criteria.

• Drafting and presenting credit memos to obtain credit approval, interfacing with Nuveen Green Capital’s credit team to troubleshoot underwriting concerns.

• Completing loan files accurately and thoroughly.

Transaction Management

• Leading a diverse pipeline of C-PACE projects of various complexity, triaging and prioritizing the most impactful next steps for the overall pipeline.

• Communicating internally with originations, credit, legal, and asset management teams and externally with clients and partners to keep the deal team on track for key milestones and closing.

• Working with mortgage holders (where applicable) to gain consent for C-PACE financing.

• Supporting relationships with developers, brokers, mortgage lenders and other industry stakeholders.

• Preparing for client meetings, including development of background material and presentations. Increasing market awareness of Nuveen Green Capital.

• Going above and beyond to ensure a positive customer experience, creatively solving challenging problems, and enthusiastically supporting

• Nuveen Green Capital’s mission to be the Lender of Choice for our clients and partners.

• Coaches and reviews the work of lower level professionals to ensure high-quality and timely completion of projects.

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Educational Requirements

• University (Degree) Preferred

Work Experience

• 3+ Years Required; 5+ Years Preferred

Physical Requirements

• Physical Requirements: Sedentary Work

Career Level
7IC

Required Qualifications:

Minimum of 3+ Years of commercial real estate construction underwriting experience

Preferred Qualifications:

5+ Years of commercial real estate construction underwriting experience

​Masters/MBA related to CRE

Demonstrated interest in sustainability and/or clean energy deployment

Experience with financial structuring of commercial real estate construction/development projects

Related Skills

Accountability, Adaptability, Clean Energy Acumen, Collaboration, Commercial Mindset, Consultative Communication, Continuous Improvement Mindset, Executive Presence, Prioritizes Effectively, Stakeholder Engagement

Anticipated Posting End Date:

2026-06-13

Base Pay Range: $134,000/yr - $188,000/yr

Actual base salary may vary based upon, but not limited to, relevant experience, time in role, base salary of internal peers, prior performance, business sector, and geographic location.  In addition to base salary, the competitive compensation package may include, depending on the role, participation in an incentive program linked to performance (for example, annual discretionary incentive programs, non-annual sales incentive plans, or other non-annual incentive plans). 

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Company Overview

Nuveen is a global investment leader, managing public and private assets for clients around the world and on behalf of TIAA, our parent company and one of the world’s largest institutional investors. We invest in the growth of businesses, real estate, infrastructure and natural capital, providing clients with the reliability, access and foresight unique to our heritage. Our prevailing perspective on the future drives our ambition to innovate and adapt our business to the changing needs of investors - all to pursue lasting performance for our clients, our communities and our global economy. Visit www.nuveen.com to learn more about us.

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At TIAA, we're on a mission to build on our 100+ year legacy of delivering for our clients while evolving to meet tomorrow's challenges. We equip our associates with future-focused skills and AI tools that enable us to advance our mission. Together, we are fighting to ensure a more secure financial future for all and for generations to come. We are guided by our values: Champion Our People, Be Client Obsessed, Lead with Integrity, Own It, and Win As One. They influence every decision we make and how we work together to serve our clients every day. We thrive in a collaborative in-office environment where teams work across organizational boundaries with shared purpose, accelerating innovation and delivering meaningful results. Our workplace brings together TIAA and Nuveen's entrepreneurial spirit, where we work hard and work together to create lasting impact. Here, every associate can grow through meaningful learning experiences and development pathways—because when our people succeed, our impact on clients' lives grows stronger.

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