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CREA, LLC is a full-service Low-Income Housing Tax Credit (LIHTC) syndicator forming long-term relationships with investors and developers that cultivate success and improve lives. With 25 years in affordable housing, CREA has raised $13.5 billion, resulting in the formation of 97,500 homes within 1,059 communities across the country. Thanks to the contribution of over 135 employees, CREA continues to look for talented and passionate individuals who are excited about opportunities to grow with us into the future. We are seeking a talented AVP, Acquisitions, to join our Acquisitions team in New York.
Job Responsibility
Maintain disciplined oversight and milestones of LIHTC transaction pipeline from prospect to signed Letter of Intent
Represent CREA internally and externally on behalf of SVP, Originator
Create, analyze and update financial projections for affordable multifamily LIHTC residential properties, and assist in facilitating project structuring solutions amendable to both CREA and its developers
Review market studies, pro-forma’s, LIHTC applications, and sponsorship information to ensure conformance with specified investment requirements
Prepare transaction Placement Committee package inclusive of thorough project and development team overview, guarantor analysis and risk mitigants
Coordination across internal groups to source information for Placement Committee package
Prepare Letters of Intent and coordinate the analysis and incorporation of comments and post-Placement Committee approvals
Other duties, as requested by the SVP, Originator
Requirements
Bachelor's degree required
Finance, Accounting, or Real Estate preferred
Minimum of 3 years of experience in financial analysis, financial modeling, and transactional multifamily LIHTC real estate
Strong communication and time management skills, with the ability to effectively collaborate with senior management and a broad external client base
Proficiency in Microsoft Office Suite, with advanced capabilities in Excel and working knowledge of Word
Ability to demonstrate effectiveness across all required core competencies
Ability to travel up to 10% annually for industry conferences, events, and company meetings, as determined by the SVP, Originator
No visa sponsorship available
Candidates must currently reside within commuting distance of New York, NY, as relocation assistance is not available for this position
Nice to have
CPA and/or MBA designation
Familiarity with multifamily loan products and New York State and New York City LIHTC programs