Affordable Housing Underwriter
Affordable Housing Underwriter
arc70 capitalDenver, CO
Apply for this role →2 days ago
Arc 70 is seeking an Affordable Housing Underwriter to join its Investments team on a hybrid or remote basis. The team is located in Costa Mesa, CA. Ideal candidates will have 2-5+ years of underwriting experience including affordable housing, investment banking, and/or private equity. This role will report to the firm’s Head Underwriter. Arc 70 is an investment management firm based in Burlingame, CA that is focused on financing affordable housing across the U.S. The firm has financed the preservation or creation of over 47,000 units of affordable housing since inception. Arc 70 manages over $5.1 billion in affordable housing related investments and works with notable and sophisticated long-term investors. This is an exciting opportunity for qualified individuals to hit the ground running and contribute to the firm’s impact while working alongside highly accomplished principals and investors. This person will be a critical member of the team and will be involved in key aspects of the business.
Responsibilities:
Evaluate investment opportunities for affordable housing acquisitions Perform underwriting and analysis on affordable housing, low income housing tax credits, and other rental subsidies Assist on new transactions including acquisitions, technical research, confirmatory due diligence and the onboarding of new investments Build financial models to assist with return metrics, scenario analyses, sensitivity tables, and deal structures Participate in the due diligence process including the drafting of presentations materials for the loan committee and the development of acquisition structures Assist with equity and debt packages for investors, review PSAs, operating agreements, and regulatory documents, and negotiate term sheets Stay up to date on relevant developments in Arc 70’s targeted areas/sectors of investment Work closely with senior management to drive continuous improvement initiatives
Qualifications:
Bachelor’s degree in Business, Accounting, or Finance Works well in a high pressure environment Superior ability to execute on various deadlines and deliverables Highest ethical standards, organization, and attention to detail
Also on the board Same function, level within a rung
Level
Senior
Location
Denver, CO
Occupation
Loan Officers
Industry
Administration of Housing Programs
Posted
2 days ago