LMFM SENA Associate

L+M Development • Full-time • New York, NY • $135k - $165k / year • 3m ago

LMFM SENA Associate

Locations: New York, NY, USA

Requisition ID: 704

About the Employer

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 modernise 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 that 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.

Role Summary

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 and financial modelling, deal execution (financing, LIHTC, and tax-exempt bond applications), and asset management functions.

The team is seeking a dynamic, versatile team player who can bring a broad mix of hard skills (such as financial modelling, analysis, and valuations) and soft skills (such as storytelling and presentation building) to all interactions.

What You’ll Do

Perform financial modelling 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 by evaluating offering memorandums, responding to Request for Proposals (RFPs), preparing investment analyses and 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, such as architects and engineers and participate in meetings and construction administration.
Work with asset management and property management to monitor ongoing operations of properties in the portfolio.

Required Qualifications

Minimum 2 years of relevant work experience, specifically managing and underwriting multi-family assets, with preference given to affordable housing properties such as HUD, Section 8, tax-exempt bonds, and LIHTC.
Undergraduate and/or graduate degree.
Excellent interpersonal and communication skills (oral and written).
Strong quantitative, analytic, and organisational skills with attention to detail.
Ability to assist with managing the day-to-day execution of acquisitions and rehabilitation projects, and grow into being the primary contact on certain project matters.
Ability to work well in an entrepreneurial environment across multiple L+M teams and development partners.
Self-starter with proven ability to prioritise and execute in a fast-paced environment, solve problems, and manage multiple active projects with simultaneous deadlines.

Preferred Qualifications

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

Compensation & Benefits

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

Equal Opportunity Statement

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

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