The Community Development Lending Internship

About the Organization

The Momentus Capital branded family of organizations - which includes Capital Impact Partners, CDC Small Business Finance, and Ventures Lending Technologies - is transforming how capital and investments flow into communities to provide people access to the capital and opportunities they deserve. We are working to reinvent traditional financial systems that have failed to address systemic issues of inequality, economic empowerment, and the widening racial wealth gap by offering a continuum of financial, knowledge, and social capital to help local leaders build inclusive and equitable communities and create generational wealth. This includes a comprehensive package of loan products, impact investment opportunities, training and business advising programs, and technology services that advance locally-led solutions. Our suite of products and services, experience, and scope will foster equitable job creation, wealth building, and economic mobility.

Position Summary

The Community Development Lending (CDL) intern will support Capital Impact Partner’s New Market Tax Credit Program that invests in healthcare, education, and multiservice facilities and the CDL’s broader place based strategies in our core markets. As part of the Community Development Lending (CDL) team, the intern will support the advancement of Capital Impact Partner’s lending activities and placed based strategy work across the county. This role is remote.

Essential Responsibilities

• Work on financial models to support financing transactions
• Prepare marketing materials for use on website and in client meetings
• Learn how to identify Momentus product solutions to benefit clients’ long-term planning
• Collaborate with deal teams regarding business development strategy, including the identification of potential prospects
• Develop an understanding of the full breadth of Momentus products and service offerings
• Conduct client and prospect research to support business development efforts
• Help to conduct outreach to identify NMTC transactions and maintain NMTC application pipeline
• Assist in compiling and summarizing NMTC community benefits information and transactional data
• Creating a contact list of key NMTC partners and referral sources across the country
• Prepare NMTC Advisory Board tasks, including schedule of meetings and site visits
• Help to organize, manage, and maintain CDL files
• Support CDL underwriting through assisting with due diligence review
• Assist with stakeholder interviews for our placed based strategies

Requirements

• Professional Skills, Education and Experience
• Familiarity with government funding for community development is a plus
• Exceptional verbal and written communication skills
• Excellent problem solving and critical thinking skills
• Strong attention to detail
• Ability to thrive in a fast-paced, collaborative work environment
• Proficient in Microsoft programs (e.g., Word, Excel, PowerPoint) and Google Suite (e.g., Google Docs, Sheets)

Benefits

The salary range for this position is $18-$20, depending on education.

This role is Remote

All employees must be legally authorized to work in the United States.  The Company will not sponsor applicants for work visas.

EEO: Momentus Capital is an equal opportunity employer committed to a diverse work force; and, as such, is fully committed to providing employment for qualified individuals, free from discrimination on the basis of race, color, religion, sex, age, sexual orientation, gender identity, national origin, disability, marital status, pregnancy, childbirth or related medical conditions, or any other protected characteristic established by applicable law.