LMFM SENA Associate

L+M Development Partners Inc.; New York (NY); On-site; USD 85,000 - 120,000; Full time

Job summary

Sena Affordable Communities, the LIHTC acquisition and redevelopment affiliate of L+M Development Partners, seeks an Associate to support growth across selected markets nationwide.

The role encompasses underwriting, financial modeling, deal execution and asset management, with close collaboration across senior leadership and development partners.

Qualifications

• Minimum 2 years of relevant work experience managing and underwriting multi‑family affordable housing assets (HUD, Section 8, tax‑exempt bonds, LIHTC).
• Excellent interpersonal and communication skills (oral and written).
• Strong quantitative, analytic, and organizational skills with attention to detail; ability to grow into primary project contact.

Responsibilities

• Perform financial modeling and analysis to evaluate and structure potential transactions.
• Assist with transaction closings including due diligence requests, legal documents, and financing applications for housing finance agencies, lenders, and investors.
• Support acquisitions efforts including evaluating offering memorandums, responding to RFPs, preparing investment analyses/memos, and providing recommendations.
• Travel to property sites for inspections, due diligence, and meetings with residents, officials, and community stakeholders.
• Support design and construction decisions in coordination with third‑party consultants and participate in meetings and construction administration.
• Work with asset management and property management to monitor ongoing operations of properties in the portfolio.

Skills

Excel

Financial modeling

PowerPoint

Word

Communication

Job description

Sena Affordable Communities ("Sena") is the LIHTC acquisition and redevelopment affiliate of the L+M Development Partners (L+M) family of companies. Since 2014, the principals of Sena have been instrumental in the acquisition and renovation of over 15,000 units representing more than $3 billion in transactions across multiple markets in New York’s tristate area, Washington D.C., the West Coast, and the Sunbelt, Gulf Coast, and Midwest regions. Sena acquires affordable multi‑family assets with the goal to renovate and modernize them while preserving and extending long‑term affordability through the use of Low‑Income Housing Tax Credits and tax‑exempt bonds.

L+M, founded in 1984, is a full‑service real estate development firm which develops, invests, constructs, and manages properties with industry‑leading innovation. Ranked in the Top 25 on Affordable Housing Finance’s Top 50 Developers list nationally, L+M and its affiliate companies are responsible for over $20 billion in development and investment and have acquired, built, or preserved over 57,000 high‑quality residential units in a variety of urban markets nationwide, primarily in New York’s tristate area. Please visit L+M’s website for more information: http://lmdevpartners.com.

Sena is seeking an Associate to join an experienced team responsible for growing the LIHTC acquisition and redevelopment business across select markets nationwide. Sena acquires, rehabilitates, and operates existing affordable housing assets with Low‑Income Housing Tax Credits and tax‑exempt bonds. This is a cross‑functional position that will be working closely with the entire team, including senior leadership, and will encompass a variety of roles ranging from underwriting & financial modeling, deal execution (financing / LIHTC / tax‑exempt bond applications) and asset management functions. We are seeking a dynamic, versatile team player who can bring a broad mix of hard skills (e.g., financial modeling, analysis, valuations, etc.) and soft skills (e.g., storytelling & presentation building) to all interactions.

Responsibilities

• Perform financial modeling and analysis to evaluate and structure potential transactions.
• Assist with transaction closings including processing due diligence requests, legal documents, and financing applications for housing finance agencies, lenders, and investors.
• Support acquisitions efforts including evaluating offering memorandums, responding to Request for Proposals (RFPs), preparing investment analyses/memos, and providing recommendations.
• Travel to property sites for inspections, due diligence, and meetings with residents, officials, and community stakeholders.
• Support design and construction decisions in close coordination with third‑party consultants (i.e., Architects, Engineers, etc.) and participate in meetings and construction administration.
• Work with asset management and property management to monitor ongoing operations of properties in the portfolio.

Knowledge, Skills, and Abilities

• Strong in Microsoft Office, specifically Excel, Word, and PowerPoint
• Knowledge of affordable housing finance
• Background in community development and/or construction a plus

Qualifications

The ideal candidate will have the following qualifications:

• Minimum 2 years of relevant work experience, specifically managing and underwriting multi‑family affordable housing assets (i.e., HUD, Section 8, tax‑exempt bonds, and LIHTC).
• Excellent interpersonal and communication skills (oral and written).
• Strong quantitative, analytic, and organizational skills with attention to detail. Assist with managing the day‑to‑day execution of acquisitions and rehabilitation projects. Able to grow into being the primary contact on certain project matters.
• A team player, able to work well in an entrepreneurial environment across multiple L+M teams and development partners.
• Self‑starter with proven ability to prioritize/execute in a fast‑paced environment, solve problems, and manage multiple active projects with simultaneous deadlines.

LMFM offers competitive compensation and benefits and tremendous potential with a growing residential real estate developer/builder organization.

LMFM is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status.

Disclaimer

Nothing in this job description restricts management’s right to assign or reassign duties and responsibilities to this job at any time.