Transactions Manager

Socket.dev; Denver (CO); Hybrid; USD 100,000 - 120,000; Full time

Benefits offered by this job

Healthcare plans

Dental and vision

Early close Fridays (3 paid hours)

PTO: 15 days first year

Holiday and floating holidays

Volunte PTO allowances

Parental and caregiver leave

403b + match

Employer paid Life Insurance

Employee Assistance Plan

Pet insurance options

Job summary

Mercy Housing is seeking a Transactions Manager to workout, underwrite, and restructure a portfolio of assets. The role collaborates with multiple teams to complete closings and lender due diligence.

Compensation ranges from $100,000 to $120,000 annually, with a hybrid work arrangement in Denver, CO. Responsibilities include drafting plans for workouts, analyzing performance data, and negotiating financing for recapitalization, while ensuring LIHTC compliance across properties.

Qualifications

• High school diploma or equivalent.
• Minimum of five years in asset management, workout, or restructuring of multifamily housing.
• Experience with HUD programs and LIHTC is required.
• Bachelor’s degree in business, finance, urban planning or related field preferred.
• Master’s degree preferred.

Responsibilities

• Collaborate with Management, Asset Management, GBC, Risk Management and Accounting to restructure assets.
• Draft workout, disposition and restructure plans for properties assigned.
• Analyze, prepare, and present data concerning property performance and create workout plans.
• Prepare long-term financial and capital improvement plans for assigned properties.
• Assist with structure and negotiate financing for asset recapitalization.
• Negotiate LP exits for LIHTC-compliant properties.
• Manage remediation or disposition of workout properties.

Skills

Time management

Organizational skills

Communication

Negotiation

Real estate finance

Budgeting

Problem solving

Relationship management

Education

High school diploma or equivalent

Bachelor’s degree in business/finance/urban planning

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.