Remote Affordable Housing Dispositions Analyst

Bullpen; United States; Remote; USD 70,000 - 95,000; Full time

Job summary

Bullpen is seeking an Analyst or Associate to support the disposition of approximately 25 affordable housing properties in a remote setup with occasional travel to Maryland and Washington, D.C.

The role focuses on underwriting, financial analysis, document review, and coordination across senior leadership to move a diverse portfolio through disposition. Remote work enables collaboration with regional and national teams.

Qualifications

• At least one year of affordable housing underwriting experience.
• Direct knowledge of LIHTC housing and affordable multifamily transactions.
• Strong financial modeling and Excel skills.
• Experience underwriting multifamily properties and analyzing financial statements, rent rolls, budgets, and operating reports.
• Ability to review and understand partnership agreements, loan documents, regulatory agreements, and complex capital structures.
• Strong analytical, organizational, and project-management skills.
• Excellent attention to detail.
• Strong written and verbal communication skills.
• Ability to manage multiple assignments and deadlines simultaneously.
• Ability to work independently in a remote environment.
• Bachelor’s degree in finance, accounting, real estate, or a related field.

Responsibilities

• Build and maintain property-level disposition and valuation models.
• Underwrite real estate values, partnership interests, projected sales proceeds, and equity distributions.
• Analyze historical operating performance and prepare forward-looking sale scenarios.
• Review financial statements, rent rolls, operating budgets, capital needs, and property-level reporting.
• Review partnership agreements, loan documents, regulatory agreements, subsidy contracts, and other transaction documents.
• Research investor exit provisions, consent requirements, transfer restrictions, and rights of first refusal.
• Support the analysis of fee-simple property sales and partnership-interest transfers.
• Assist with bridge financing analysis when existing debt matures before a planned disposition.
• Track lender, investor, agency, and third-party approval requirements.
• Maintain transaction schedules, diligence trackers, and property-level documentation.
• Support broker selection, valuation work, and the preparation of property marketing materials.
• Coordinate information requests from brokers, buyers, lenders, attorneys, consultants, and internal departments.
• Prepare transaction memoranda and presentations for internal approval committees.
• Identify potential underwriting, documentation, and timing issues and elevate them to the Disposition Director.
• Support multiple property transactions at different stages of the sales process.

Skills

Underwriting

Financial analysis

Project management

Written/verbal communication

Education

Bachelor’s degree in finance/accounting/real estate

Tools

Excel

Job description

Bullpen is seeking an Analyst or Associate to support the disposition of approximately 25 affordable housing properties in a remote setup with occasional travel to Maryland and Washington, D.C.

The role focuses on underwriting, financial analysis, document review, and coordination across senior leadership to move a diverse portfolio through disposition. Remote work enables collaboration with regional and national teams.