Vice President, Relationship Manager - Multifamily Real Estate Finance

Vice President, Relationship Manager – Multifamily Real Estate Finance

We're building a best-in-class multifamily lending platform within Business Banking—and we're looking for a proven originator to join us.

As a Vice President, Relationship Manager – Multifamily Real Estate Finance, you'll be on the front lines sourcing, structuring, and closing investor-owned multifamily loans while building deep, long-term client relationships.

This is a high-impact role focused on small- to mid-balance multifamily (5–50 units) with a clear mandate:

• Generate repeatable production
• Build full banking relationships
• Drive CRA and community investment outcomes

The Vice President, Relationship Manager – Multifamily Real Estate Finance is responsible for originating, structuring, and managing investor-owned multifamily commercial real estate loans within the Business Banking platform. The role focuses on building a scalable and repeatable production pipeline centered on small- to mid-multifamily assets (5–50 units), while developing full client relationships that include lending, deposits, and treasury services.

This role operates within a specialized CRE vertical, where the Relationship Manager serves as the primary originator and relationship owner, partnering closely with Commercial Real Estate underwriting (credit owners) to deliver disciplined, risk-adjusted transactions. The position supports the bank's broader objectives of portfolio growth, CRA performance, deposit primacy, and relationship expansion.

Key Responsibilities

• Originate investor-owned multifamily CRE loans within defined credit parameters and Business Banking thresholds (generally $5MM per transaction and TCR).
• Develop and maintain a consistent pipeline through broker, owner/operator, and community-based sourcing channels.
• Target stabilized and light value-add multifamily assets with experienced sponsors.
• Maintain active calling efforts across designated geographic markets.
• Build and deepen relationships with multifamily investors and operators.
• Establish primary banking relationships by driving operating deposits and treasury management adoption.
• Deliver a holistic banking solution including lending, deposits, and payment services.
• Conduct upfront deal screening including borrower and property analysis.
• Assess transactions against key underwriting metrics, including:
• Debt Service Coverage Ratio (DSCR)
• Loan-to-Value (LTV)
• Debt Yield
• Structure transactions consistent with multifamily credit guidelines (e.g., occupancy, seasoning, leverage, recourse).
• Present viable opportunities to CRE underwriting for full credit adjudication.
• Manage deals through the full life cycle: sourcing, structuring, approval, closing, and onboarding.
• Coordinate with underwriting, portfolio management, and risk partners.
• Ensure a disciplined and repeatable execution process aligned with the CRE vertical model.
• Identify and prioritize CRA-eligible multifamily lending opportunities.
• Contribute to the bank's Community Reinvestment Act (CRA) and Community Benefits Plan objectives.
• Support portfolio construction objectives emphasizing multifamily growth.
• Annual production: 6 loans per year
• Annual volume: $15MM–$25MM in originations
• New client acquisition and relationship growth
• Deposit and treasury services penetration
• Credit quality and adherence to underwriting guidelines
• CRA-qualified production contribution

Qualifications:

• Typically between 5 - 7 years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience.
• Proven performance and track record for effective portfolio risk management and business development outcomes.
• Demonstrated leadership capabilities.
• Successful completion of CMS Compass Program or equivalent knowledge and experience – required.
• In-depth knowledge of business banking products, lending processes and loan documentation, and supporting policies, procedures, and technologies.
• In-depth experience with customer sales and service.
• Deep knowledge and technical proficiency gained through extensive education and business experience.
• Verbal & written communication skills - In-depth.
• Collaboration & team skills - In-depth.
• Analytical and problem solving skills - In-depth.
• Influence skills - In-depth.
• Data driven decision making - In-depth.

$74,000.00 - $138,000.00

Salaried

Salaries will vary based on factors such as location, skills, experience, education, and qualifications for the role, and may include a commission structure. Salaries for part-time roles will be pro-rated based on number of hours regularly worked. For commission roles, the salary listed above represents BMO Financial Group's expected target for the first year in this position.

BMO Financial Group's total compensation package will vary based on the pay type of the position and may include performance-based incentives, discretionary bonuses, as well as other perks and rewards. BMO also offers health insurance, tuition reimbursement, accident and life insurance, and retirement savings plans.

About Us

At BMO we are driven by a shared Purpose: Boldly Grow the Good in business and life. It calls on us to create lasting, positive change for our customers, our communities and our people. By working together, innovating and pushing boundaries, we transform lives and businesses, and power economic growth around the world.

As a member of the BMO team you are valued, respected and heard, and you have more ways to grow and make an impact. We strive to help you make an impact from day one – for yourself and our customers. We'll support you with the tools and resources you need to reach new milestones, as you help our customers reach theirs. From in-depth training and coaching, to manager support and network-building opportunities, we'll help you gain valuable experience, and broaden your skillset.

BMO is proud to be an equal employment opportunity employer. We evaluate applicants without regard to race, religion, color, national origin, sex (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity, gender expression, transgender status, sexual stereotypes, age, status as a protected veteran, status as an individual with a disability, or any other legally protected characteristics. We also consider applicants with criminal histories, consistent with applicable federal, state and local law.

BMO is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation because of a disability for any part of the employment process, please send an e-mail to View email address on click.appcast.io and let us know the nature of your request and your contact information.

Note to Recruiters: BMO does not accept unsolicited resumes from any source other than directly from a candidate. Any unsolicited resumes sent to BMO, directly or indirectly, will be considered BMO property. BMO will not pay a fee for any placement resulting from the receipt of an unsolicited resume. A recruiting agency must first have a valid, written and fully executed agency agreement contract for service to submit resumes.