Affordable Housing Underwriter

Arc70 Capital LLC; Costa Mesa (CA); On-site; USD 70,000 - 90,000; Full time

Job summary

Arc70 Capital LLC is looking for an Affordable Housing Underwriter to enhance its Investments team located in Costa Mesa, CA. The ideal candidate will bring 2-5+ years of underwriting experience, especially in affordable housing and investment banking.

This role is vital, allowing for direct impact on financing initiatives that support the creation and preservation of affordable housing across the U.S. If you are detailed-oriented and thrive in a high-pressure environment, apply to join a prominent team making significant contributions.

Qualifications

• 2-5+ years of underwriting experience including affordable housing.
• Ability to handle various deadlines and deliverables in a high-pressure environment.
• Highest ethical standards and organization skills.

Responsibilities

• Evaluate investment opportunities for affordable housing acquisitions.
• Perform underwriting and analysis on integral housing matters.
• Build financial models for financial metrics and scenario analyses.

Skills

Underwriting experience

Attention to detail

Ability to work under pressure

Education

Bachelor’s degree in Business, Accounting, or Finance

Job description

Arc70 is seeking an Affordable Housing Underwriter to join its Investments team 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.

Arc70 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. Arc70 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 Arc70’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