Mr. Derrick Lovett is currently President/CEO at MBD Community Housing Corporation, a 501c3 multi-faceted Bronx-based community development agency, dedicated to preserving and creating affordable housing. During his seven-year tenure as President, he closed on over $250 million of MBD rehabilitation deals.

Prior to MBD, Mr. Lovett was a tenured banker with over 25 years of service in the finance industry as VP at JPMorgan Chase, and Citigroup. He has vast experience in all types of commercial credits. He was responsible for the origination, underwriting, and portfolio management of all types of commercial real estate loans. Mr. Lovett managed a $500 million portfolio, and negotiated $250 million in construction and permanent financing in his last year as a banker alone.

Mr. Lovett has worked extensively with almost all Federal, State, and City agencies involved in low-to- moderate and middle income housing. He has been involved in underwriting very complex financial structures that have included various government subsidies, low income housing tax credits, and bond financing, and has produced innovative financing packages for a variety of MBD’s projects.

Mr. Lovett is well known to many non-profit housing organizations and for-profit developers throughout the city. He is a dedicated New Yorker, who cares about his community, and serves on boards of non-profit groups during his spare time.

In his early career, Mr. Lovett served in the United States Marine Corps, from 1980 to 1983, and was deployed to Korea and Japan.
(Published June 16, 2019)