2 jobs found

ESSENTIAL DUTIES AND RESPONSIBILITIES Finds and evaluates development opportunities, conducts initial feasibility analysis; creates a development strategy; negotiates purchase agreements; and coordinates community acceptance Obtains project financing, including preparing financing applications (TCAC, CDLAC, conventional, ), creating deal structures, coordinating legal agreements for financing, and staying current on public and private financing programs. Conducts financial analysis and proforma modeling; considers creative and out-of-the-box financing opportunities. Manages the development team, including selecting and hiring of design, construction and other consultants necessary to develop the project; coordinates and monitors professional consultants’ work; ensures work is finished and obtains internal approvals; manages, contracts and billing Obtains public approval by developing and implementing community acceptance strategies; obtaining public...

JOB SUMMARY   The position supports the underwriting process for permanent financing of mortgage and tax- exempt bonds secured by multifamily affordable housing developments within the State of California. Specific tasks include site inspections, appraisal review, pro-forma analysis, analysis of sponsor’s financial statements, and assisting with the preparation of loan underwriting credit packages. The position will also assist in analyzing existing commitments in the process of converting and funding to verify accuracy of underwriting at commitment. Interface extensively with team members and some sponsor/borrowers as analysis is performed.  PRINCIPAL RESPONSIBILITIES   Assist in the underwriting of permanent debt on affordable multi family rental projects utilizing 9% tax credits and 4% credits in tax exempt bond transactions within California. Analyzes project pro-forma sources/uses, appraisal, market studies, environmental reports, sponsor...