- Assemble Excel LIHTC financial models projecting asset performance and underwriting risks related to demand, supply, income, expenses, and financing
- Assess financing structures, tax consequences, returns, loan programs, state regulations, and IRC Section 42 compliance requirements
- Prepare equity and debt term sheets
- Prepare underwriting memorandums and recommendations for credit approval
- Analyze affordable housing developers’ financial positions, operational strengths and weaknesses, leverage, risk factors, projected income, repayment sources, cash flow, liquidity, net worth, and debt-service capacity
- Analyze project-level due diligence, including loan documentation, partnership agreements, appraisals, market studies, development budgets, and construction reports
- Assist with negotiating partnership agreements, debt documents, and project documents for LIHTC transaction closings
- Participate in property tours and site visits to understand transactions and markets and foster client relationships
- Coordinate with customers, internal closing teams, internal debt partners, risk management, and asset management
- Support Wells Fargo’s integrated commercial real estate banking, financing, and capital markets solutions for real estate clients
Requirements
- 5+ years of Commercial Real Estate Origination experience, or equivalent demonstrated through work experience, training, military experience, or education
- 5+ years of commercial real estate experience, including a focus on Low-Income Housing Tax Credit (LIHTC) investments and affordable housing finance
- 5+ years of LIHTC multifamily real estate underwriting experience, including transaction analysis, due diligence, and investment recommendation support
- Knowledge of federal LIHTC programs and California affordable housing regulations
- Advanced proficiency in Microsoft Excel and LIHTC financial modeling
- Experience underwriting and closing LIHTC equity investments, including due diligence and transaction execution
- Ability to navigate change and evolving business priorities
- Ability to manage multiple complex transactions and competing priorities with strong analytical skills, sound judgment, attention to detail, and accuracy
- Strong verbal, written, and interpersonal communication skills
- Ability to travel as needed
- Willingness to work on-site in accordance with current office requirements
- Ability to work additional hours as needed
- This position is not eligible for VISA sponsorship
- Must successfully complete and pass a FINRA background check prior to hire
- Must meet ongoing FINRA regulatory obligations, including periodic screening and mandatory reporting
- Must comply with applicable outside-activity and personal-investing policies
Core Competencies
Demonstrates expertise in LIHTC financial modeling, underwriting, and compliance with federal and state regulations. Proficient in analyzing financial positions and managing complex transactions in commercial real estate.
Highest-signal resume keywords
- LIHTC Financial Modeling
- Commercial Real Estate Origination
- Underwriting and Closing LIHTC Equity Investments
- Knowledge of California Affordable Housing Regulations
- Advanced Proficiency in Microsoft Excel
ATS Optimization Keywords
Hard Skills
- Financial Modeling
- Underwriting
- Transaction Analysis
- Due Diligence
- Investment Recommendation Support
- Risk Assessment
- Cash Flow Analysis
- Debt-Service Capacity Analysis
- Market Studies
- Construction Reports
Soft Skills
- Analytical Skills
- Attention to Detail
- Sound Judgment
- Verbal Communication
- Interpersonal Communication
Certifications & Qualifications
- FINRA Background Check
Industry Keywords
- Low-Income Housing Tax Credit
- Affordable Housing Finance
- Commercial Real Estate
- Equity and Debt Term Sheets
- Partnership Agreements
- Loan Documentation
- Asset Management
- Client Relationship Management
Tools & Technologies
- Microsoft Excel