Transactions Manager

Mercy Housing; Denver (CO); Hybrid; USD 100,000 - 120,000; Full time

Benefits offered by this job

Healthcare plans

Dental & Vision

Early close Fridays

PTO 15 days

Holidays + floating

PTO for Christmas-New Year

Volunteer PTO

Parental leave

403b + match

Life Insurance

Employee Assistance Plan

Pet Insurance

Job summary

Mercy Housing in Denver seeks a Transactions Manager to work on workout, underwrite, and restructure a portfolio of affordable housing assets. You will coordinate with investors, lenders, and internal teams to complete real estate closings and drive asset performance.

This hybrid Denver-based role requires five years in asset management or workout experience and knowledge of HUD programs; a Bachelor's or Master’s degree is preferred. Competitive pay and comprehensive benefits are offered.

Qualifications

• High school diploma or equivalent.
• Minimum of five years in asset management, workout, or restructuring of multifamily housing.
• Knowledge of HUD programs and LIHTC financing is required.

Responsibilities

• Collaborate across management, asset, risk, and accounting teams on workouts and dispositions.
• Draft workout, disposition, and restructure plans for assigned properties.
• Analyze data and present recommendations to improve property performance.
• Prepare long-term financial and capital plans and oversee needed improvements.
• Assist with financing structures for asset recapitalization.
• Negotiate exits for LPs in LIHTC contexts and manage workout dispositions.
• Coordinate with VP of National Portfolio Management and local asset managers.

Skills

Time management

Organizational skills

Project management

Communication skills

Negotiation

Relationship management

Budgeting

Education

Bachelor's degree in business administration, finance, urban planning, or related field

Master’s degree

Tools

MS Office

YARDI

RealPage/OneSite

Asset Eye

Job description

At Mercy Housing, the nation's largest affordable housing provider, we believe that business and mission are not competing values. Our core values of Respect, Justice, and Mercy guide how we serve our residents, support our employees, and work together to create stable, vibrant communities.

The Transactions Manager will workout, underwrite, and restructure projects for a portfolio of assets. Participate in the workout asset strategy and communicate to all investors, partners and lenders for the properties’ management or operation. Complete all lender due diligence. Work cooperatively with Vice President of Portfolio Management, local Mercy Housing team, property management team, and accounting staff to complete the real estate closing.

Pay: $100,000-120,000 annually, depending on experience

This is a hybrid role based in Denver, CO.

Benefits

• Several Healthcare plans to choose from, dental (free basic dental option) and vision
• Early close Fridays (3 paid hours each Friday), early close prior to a holiday (3 paid hours)
• 15 days of earned PTO your first year, 12 company holidays + 2 floating holidays
• Paid time off between Christmas and New Year's Day
• Paid time-off to volunteer
• Paid parental and caregiver leave
• 403b + match
• Employer paid Life Insurance
• Access to free Employee Assistance Plan
• Pet insurance options

Duties & Responsibilities

• Collaborate with Property Management, Asset Management, Geographic Business Center (GBC), Risk Management and Accounting groups through the restructure, refinance acquisition, and disposition of Mercy assets.
• Draft workout, disposition and restructure plans for properties assigned.
• Analyze, prepare, and present data concerning property performance and create recommended workout plans.
• Prepare long-term strategic financial and capital improvements plans for assigned properties. As needed, oversee capital improvements for critical and non-critical repairs.
• Assist with structure and negotiate financing to allow for asset recapitalization.
• Analyze appropriate strategies and negotiate Limited Partner exits for properties in their 15th year of LIHTC compliance.
• Manage the remediation and/or disposition for properties in the portfolio deemed to be in Workout status.
• Work collaboratively with Vice President of National Portfolio Management and local Asset Managers to restructure identified assets.

Minimum Qualifications

• High school diploma or equivalent.
• Minimum of five years in asset management, problem property workout, or restructuring, oversight, or underwriting multifamily housing developments.
• Experience with local, state and federal programs and financing vehicles relative to the development and promotion of affordable housing programs required. Knowledge of HUD-sponsored multifamily programs (project-based Section 8 FHA d(3) and d(4), Section 236 and market-to-market) and IRS Section 42 Low Income Housing Tax Credit Program.

Preferred Qualifications

• Preferred: Bachelor’s degree in business administration, finance, urban planning, or related field.
• Strongly Preferred: Master’s degree.

Knowledge & Skills

• Strong time management and organizational skills with attention to detail, and technical project management. Meet deadlines and work under pressure, with interruptions. Prioritize effectively with tight time constraints.
• Extensive problem solving and flexibility while remaining focused on solutions.
• Excellent written, verbal communication and relationship management skills.
• Resolve conflicts through negotiations and maintain relationships during difficult situations.
• Understand, evaluate, and negotiate legal documentation and financial information relating to real estate transactions.
• Familiarity with the preparation of corporate and property budgets.
• Advanced proficiency in MS Office suite and property management software (i.e., YARDI, RealPage/OneSite and Asset Eye).

Mercy Housing is a fair chance employer; while we conduct background checks for all positions, we will consider qualified applicants with arrest and conviction records.