Affordable Multifamily Originator

About the role

Ready Capital Affordable Multi-Family is a dynamic and growing niche business dedicated exclusively to Affordable Housing Finance. With a team of 25 professionals, the firm has recently closed its own investor fund and currently services a loan portfolio of $4.3 billion. We are seeking an Associate / Senior Associate to join our Originations team in New York City.

Responsibilities

• Support originations team in sourcing, underwriting, and execution of affordable multifamily loan transactions.
• Develop and maintain relationships with affordable housing developers, owners, brokers, lenders, investors, and industry advisors to generate new business opportunities.
• Create financial modeling and credit analysis for multifamily assets, including review of: Loan-to-Value (LTV), Debt Service Coverage Ratio (DSCR), Sources and Uses, Cash Flow Projections.
• Analyze affordable housing transactions involving LIHTC, tax-exempt bonds, agency financing, bridge loans, and other affordable housing capital structures.
• Cook up due diligence materials and support the closing process for bond and loan transactions.
• Coordinate with internal credit, capital markets, legal, and servicing teams to facilitate transaction execution.
• Collaborate with internal teams, including capital markets, credit, legal, and servicing, as needed.
• Support strategic initiatives aimed at growing the Affordable Multifamily platform and increasing market share.

Qualifications

• 3–5 years of affordable housing lending, LIHTC syndication, multifamily lending not limited to affordable or a related field required.
• Proven success driving business development efforts both individually and as part of a team.
• Strong relationships within the affordable housing and multifamily finance community preferred.
• 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.

Pay

The annual salary range for this position is: $110,000 – $135,000. Final compensation will be determined based on experience, qualifications, business development capabilities.

Benefits

• Comprehensive benefits package, including medical, dental, vision, life insurance, disability coverage, 401(k), generous paid time off, and company holidays.