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Our Client

We’ve been retained by a niche-focused Multifamily Real Estate Developer, Builder & Owner who’s looking to hire an Executive Vice President of Human Resources, a newly created position due to their organization’s impressive growth. This group is all about teamwork, supporting each other, and working together toward a common goal and mission.

• Top-40 Nationally Ranked Affordable Housing Developer

• Vertically integrated Developer, Builder & Owner/Operator

• Capabilities, appetite and balance sheet to support their continued growth

• Mission and community-oriented approach

• Unique strategy for development projects, and no two projects they’ve developed look alike

• Reputation for promoting from within whenever possible

• Young company with a great culture and strong employee tenure

 

The Opportunity

The Director of Finance / Vice President of Finance & Capital Markets will evaluate and underwrite affordable housing projects, prepare loan documents to administer loan funds, monitor construction period financing, review leasing materials, and complete conversion to permanent financing, as well as manage the equity and debt relationships. This position requires the use of independent judgment and problem-solving techniques and requires considerable knowledge of affordable housing financing, as well as knowledge of various housing program regulations and procedures. Our client is seeking a highly organized self-starter who takes initiative to problem-solve and manage multiple tasks with competing deadlines. The Finance Director should exercise sound judgment and discretion along with the ability to communicate effectively with co-workers, developers, businesses, residents, government staff, and other community stakeholders. In addition, this position may be required to have program management responsibilities over a program/project area.

 

Once a deal receives credit reservation, the Director of Finance / Vice President of Finance & Capital Markets will begin working with the company’s financial partners to secure the equity and debt financing for each transaction. Through finance structuring, collaboration with financial partners, and working closely alongside fellow team members, the Director of Finance / Vice President of Finance & Capital Markets guides each deal toward the closing table.

 

• Work closely and collaboratively with a variety of internal and external partners

• Actively participate in the comprehensive underwriting and modeling process for new/existing deals with the Development team

• Manage relationships with partners/contacts and source debt and equity

• Take a lead role in Capital Markets, including making appropriate adjustments to project and construction budgets and participating in capital calls

• Assist in the deal structuring process and make recommendations to optimize the capital stack

• Lead closing calls, meet deadlines and keep deals moving forward to a successful close

• Review and analyze affordable housing loan applications

• Prepare development and loan agreements, ancillary and collateral documents; negotiate with Developers

• Participate in the due diligence process for new transactions

• Creative problem solver with hands-on experience closing transactions

• Facilitate/support the conversion/stabilization process with lenders and syndicators

• Support company in continuing to close ~4 – 5+ transactions (encompassing ~2,000 units) each year

• Oversee, train and mentor direct reports: 1-2 Analysts

• Attend an average of ~3-4 industry conferences each year; coordinate meetings to spend time with various financing partners in person

• Travel occasionally for on-site property visits

 

Feedback About The Company/Team We’re Recruiting For

“I’m impressed with the speed at which they’ve scaled, and it says a lot about their organization and the folks they’ve got there. I know the President & Founder personally, and I was really impressed with the Executive Vice President of Development, too; they have a pretty diverse role in the industry, they know what they’re doing, and it’s pretty clear they operate with a collaborative and specialized approach. They have a capable team, and it seems like a very supportive, well-thought-out group. It would be a great team to be a part of.”

- Vice President of Real Estate Development with 15+ years of experience

 

“Their leadership team is straightforward and approachable, and their team has been very welcoming and easy to get to know. They have a great foundation and pipeline, and they’re adaptable. They have the structure and support that I’ve been looking for. They’re not all just employees – you can tell they really operate as a team. My interest in this organization is increasing with each conversation and person I meet.”

- Vice President of Affordable Housing Development with 12+ years of experience

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OUR FIRM

KM Partners’ national Executive Search and Professional Recruitment practice areas focus on high-growth, impact-investment-oriented businesses across relevant industries, including Investment Management, Real Estate, Clean Energy, Sustainable Infrastructure, and related Business and Professional Services. With a core focus in Tax Credits (LIHTC, NMTC, Historic, & Renewable), Multifamily, Affordable and Senior Housing, we partner with clients and place industry-specific professionals throughout the United States. At KM, we have established an unparalleled track record of repeat business and success recruiting in niche practice areas, including 140+ placements in Affordable Housing, which have led to 50+ promotions to date. We represent C-level Executive Leadership, Middle Management, and experienced Associates across industry professions.

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If qualified, please contact:

Morgan McCormick | Partner

414.520.9552 | morganm@kmcompanies.com

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