National Equity Fund, Inc. · 1 day ago
Vice President, Originations (East, NE Region)
New York, NY
Full-time
Onsite
Mid, Senior Level
5+ years expNational Equity Fund, Inc. (NEF) is a leading non-profit syndicator of low-income housing tax credits (LIHTC), seeking a Vice President, Originations to conduct new business initiatives. The role involves originating low-income housing tax credit investments, managing production workload, and structuring transactions to meet investor expectations while maintaining relationships with stakeholders in the designated region.
ConsultingFinancial ServicesProperty ManagementReal Estate Investment
Responsibilities
Secure low income housing tax credit investments in the designated region at levels as established by the Regional Managing Director and Chief of Production
Ability to issue and successfully negotiate letters of interest with sponsors
Work closely with investor relations and capital markets colleagues to successfully identify and secure investor interest in LIHTC transactions
Responsible for NEF marketing efforts in the designated region. Maintain existing and establish new relationships with non-profit and for-profit low-income housing developers, funders, lenders, and state allocating agencies in designated markets
Serve as the external face for NEF, including attendance at and/or serving as presenter at State and other relevant housing conferences, meetings, and forums
Provide Regional Managing Director with a business plan for the designated market, determining optimal marketing strategy, and executing said business plan to achieve production goals
Possess strong knowledge of complex real estate underwriting, Section 42 requirements, various state tax credits, Historic Tax Credits, energy credits, project-based rental subsidies and vouchers, and relevant tax topics and issues including minimum gain and grant structures
Structure LIHTC transactions according to NEF established underwriting guidelines and pricing parameters. Work through credit issues with the Regional Managing Director. Must be able to analyze a project’s income structure, operating expenses, debt service requirements, market studies and a developer’s financial and development capacity
Work and coordinate with NEF staff in other departments (including but not limited to project management, asset management, asset operations, and reporting) in managing and resolving issues with projects in the designated geography
Other duties and special projects as assigned by the Regional Managing Director
Qualification
Required
Undergraduate or graduate degree in business, economics, urban planning or finance
Minimum of 5-10 years' experience in underwriting and structuring real estate projects
Ability to work independently and effectively on numerous projects at the same time
Strong analytical skills and proficiency in Microsoft Office programs, including Excel and Word and other relevant applications
Strong communication and presentation skills, both written and verbal
Possess excellent customer service skills and conducts oneself with utmost professionalism with colleagues and with external stakeholders
Ability to explain complex financing structures to developers, stakeholders, funders, and other related audiences
Prior experience with affordable housing loans or investments and knowledge of state and local programs
Strong background in structuring complex real estate transactions
Demonstrate experience in underwriting LIHTC transactions and growing business relationships
Benefits
Comprehensive benefits package
Company
National Equity Fund, Inc.
National Equity Fund, Inc.
51-200 employees
Funding
Current Stage
Growth StageLeadership Team
Matthew Reilein
President and CEO
Recent News
Company data provided by crunchbase