Professional Services
Accounting
Real Estate
Finance Education : 4 Year Degree Experience : At least 5 year(s) Post Date : 5/6/2012 Contact Information Ref ID : 3655 Description Division : Mercy Housing
Location : Chicago IL US 60603
% of Travel Required :
Career Level : Experienced (Non-Manager)
Education : Bachelor's Degree
Category : Real Estate Management
Compensation : 90,000 DOE
The will lead, analyze and propose financial structuring solutions for the project and financial needs of Mercy Housing Lakefront real estate developments and acquisitions. Prepare upfront financial structuring services, credit analysis, financial modeling, development and operating project pro formas. Collaborate with RVP and project developers to assess real estate development finance needs of proposed projects and create appropriate capital stacks for their implementation.
JOB FUNCTIONS/RESPONSIBILITIES
1. Prepare upfront financial modeling, credit analysis, and structuring services, including both development and operating project pro formas; make ongoing modification of pro formas as developments move from conceptual to operational.
2. Collaborate with real estate team to assess real estate development finance needs of proposed projects and create appropriate capital stacks for their implementation.
3. Work with project developers to ensure successful development of housing and generation of fees from project initiation to final project closeout including creation and execution procedures for back-end closeout needs of all project investors and processing LIHTC 8609 certifications.
4. Manage the financial aspects of real estate development projects, including managing financial partners and investors. Foster the development of effective working relationships of project developers with local, state, and/or federal financing agencies and private investors in the development of affordable housing.
5. Provide proforma development, budget management and financial close-out for developers on specific projects. Coordinate the development of the operating and capital budgets of specific real estate projects and monitors actual to budget performance.
6. Provide support for negotiating investor partnership documents and provide credit reviews.
7. Contribute to the project plan process with the RVP, Real Estate Development and real estate development team and with integration of GBC regional planning.
8. Creation of annual work plan (process flow, metrics) and credit reviews for development activities.
9. Research and recommend new products and/or methods of financing and structuring for serving family, seniors and special needs populations in affordable housing developments.
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