Remote Affordable Housing Dispositions Analyst/Associate

Bullpen; United States; Remote; USD 70,000 - 110,000; Full time

Job summary

Bullpen is seeking an Analyst or Associate to support the disposition of a portfolio of approximately 25 multifamily properties, focusing on underwriting, financial analysis, and coordination of complex transactions.

Remote-role with occasional travel to Maryland and Washington, D.C.; full-time temporary position lasting at least 12 months. The role reports to the Disposition Director and requires strong analytical and Excel skills within a LIHTC and affordable housing context.

Qualifications

• Bachelor's degree in finance, accounting, real estate, or related field.
• Strong financial modelling and Excel skills.
• Experience underwriting multifamily properties and analyzing financial statements, rent rolls, budgets, and operating reports.
• Ability to review partnership agreements, loan documents, regulatory agreements, and complex capital structures.

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

Financial modeling

Excel

Underwriting

Analytical skills

Communication skills

Education

Bachelor's degree in finance, accounting, real estate, or related field

Tools

Excel

Job description

Bullpen is seeking an Analyst or Associate to support the disposition of a portfolio of approximately 25 multifamily properties, focusing on underwriting, financial analysis, and coordination of complex transactions.

Remote-role with occasional travel to Maryland and Washington, D.C.; full-time temporary position lasting at least 12 months. The role reports to the Disposition Director and requires strong analytical and Excel skills within a LIHTC and affordable housing context.