Senior Development Manager overseeing project selection and investment underwriting for community development banking. Collaborating with JV partners and internal teams across various US locations.
Responsibilities
Oversee project selection, investment underwriting, and execution for community-based real estate investments
Manage relationships with existing Joint Venture Sponsors and identify new opportunities
Originate and assess new direct and construction JV projects for non-tax credit multi-family investments
On-going management of investments in conjunction with portfolio management teammates
Effectively communicate with JV partners regarding equity investment and development risk
Coordinate with Risk, Finance, Legal, and internal teammates to ensure processes are followed and monitored
Partner with CDB and CREB teams to plan, deliver, and scale national projects and initiatives
Requirements
10+ years of experience in real estate finance
Strong understanding of multi-family finance and underwriting
Proven ability to work collaboratively with outside counsel in deal structuring
Adept at reviewing and interpreting detailed Excel equity investment models
Strong negotiation and communication skills
Ability to proceed independently and work collaboratively within a team
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