Affordable Multifamily Originator

About the role

Ready Capital Affordable Multi-Family is a dynamic, growing niche business dedicated exclusively to affordable housing finance. With a team of 25 professionals, the group has closed its own investor fund and services a loan portfolio of $4.3 billion. This mid-career role, based in New York City (hybrid, 3 days on-site), supports senior originators and investment professionals across underwriting, transaction execution, and market analysis for affordable multifamily transactions, including tax-exempt bond and LIHTC financing, with room to grow into independently managing transactions and cultivating business relationships.

Responsibilities

• Support the originations team in sourcing, underwriting, and executing affordable multifamily loan transactions
• Develop and maintain relationships with affordable housing developers, owners, brokers, lenders, investors, and industry advisors to generate new business
• Create financial modeling and credit analysis for multifamily assets, including review of loan-to-value (LTV), debt service coverage ratio (DSCR), sources and uses, and cash flow projections
• Analyze affordable housing transactions involving LIHTC, tax-exempt bonds, agency financing, bridge loans, and other affordable housing capital structures
• Coordinate due diligence materials and support the closing process for bond and loan transactions
• Review legal documentation to ensure alignment with investor requirements and interests
• Prepare transaction summaries, credit memoranda, investment committee materials, and lender presentations
• Collaborate with internal credit, capital markets, legal, and servicing teams to facilitate transaction execution
• Travel nationally to attend industry conferences, participate in networking opportunities, and visit project properties
• Support strategic initiatives aimed at growing the Affordable Multifamily platform and increasing market share

Requirements

• 3-5 years of affordable housing lending, LIHTC syndication, multifamily lending (not limited to affordable), or a related field
• Proven success driving business development efforts, both individually and as part of a team
• Advanced financial modeling, analytical, underwriting, and credit evaluation skills
• Strong problem-solving skills, with the ability to quickly identify and deliver answers to ad hoc questions from clients
• Strong written, verbal, and presentation skills
• Ability to manage multiple transactions simultaneously in a fast-paced environment
• Advanced proficiency in Microsoft Excel, PowerPoint, and financial modeling tools

Preferred Qualifications

• Strong relationships within the affordable housing and multifamily finance community

Pay

The annual salary range for this position is $110,000 - $135,000. Final compensation is determined based on experience, qualifications, and business development capabilities. Eligible employees may also participate in discretionary incentive compensation programs.

Benefits

• Medical, dental, and vision insurance
• Life insurance and disability coverage
• 401(k)
• Generous paid time off and company holidays