Alexander Connally
Vice President - Underwriting Supervisor Affordable Housing and Multifamily Real Estate @Western Alliance Bank
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WORK HISTORY
Vice President - Underwriting Supervisor Affordable Housing and Multifamily Real Estate @Western Alliance Bank
Phoenix, AZ, US
Underwriting Team Lead for a new bank product/business line: Direct Pay Letter of Credit/Multifamily CRE Bond Program.• Oversaw underwriting and structuring for construction, bridge, and stabilized real estate deals involving asset types such as Multifamily, Build-to-Rent, Student Housing, Affordable Housing, Workforce Housing, and Active Adult properties.• Completed underwriting of $380MM in Letter of Credit commitments over 18 months, generating a potential $8.8MM in monthly fees.• Applied prior expertise to ensure the team complied with bank regulations, policies, and procedures, minimizing regulatory risk.• Collaborated on complex credit requests with Investment Banking Partners, Trustees, Hedging Solutions teams, and external Legal Counsel.• Structured credits utilizing both traditional and subordinate capital sources (including preferred equity and mezzanine), often integrating Low-Income Housing Tax Credits (LIHTC).• Possess experience with Agency financing and agency takeout underwriting.• Assisted sales officers by evaluating opportunities, offering credit guidance, and supporting deal structuring.• Served as Credit Standards Ambassador: participated in quarterly meetings with Senior Credit Leadership, represented the business line, reviewed credit changes and initiatives, and provided regular updates.
EDUCATION
Grand Canyon University
Bachelor of Science (BS)
Grand Canyon University
Master of Business Administration (M.B.A.)
Culcheth High School
High School
Erskine College
Sports Business
ABOUT ALEXANDER CONNALLY
Banking Professional & Non-Profit Board Member.Mr. Connally is responsible for overseeing the underwriting of client projects nationwide, specifically focused on the Direct Pay Letter of Credit product and multifamily real estate initiatives in Municipal lending, Affordable Housing and Multifamily Real Estate lending. Originally from Manchester, England, Mr. Connally pursued a collegiate soccer scholarship in the USA. Mr. Connally earned a Bachelor of Science in Sports Business and a Master of Business Administration from Grand Canyon University. Mr. Connally serves on the Board of Directors of Live Love, a community development nonprofit in Chandler, Arizona.
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