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Senior Multifamily Loan Portfolio Manager

Posted by

Massachusetts Housing Partnership


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Published 11 days ago

February 22, 2021

The Massachusetts Housing Partnership (MHP), a non-profit public agency, is a national leader in affordable housing finance and a primary lender in Massachusetts for the financing of affordable and mixed-income rental housing. MHP has over $1.2 billion in credit lines from Massachusetts banks and is an approved Fannie Mae affordable multifamily lender and an FHA Risk-Sharing Program and MAP lender. MHP-financed properties include mixed-income developments for families, single-room occupancy housing, assisted living and other facilities serving the elderly, and properties serving special needs populations. MHP's borrowers range from small non-profit and for-profit developers to some of the largest and most sophisticated developers in the Northeast.

At MHP, we celebrate diversity and are committed to creating an inclusive environment for all employees.

We are seeking a Senior Multifamily Loan Portfolio Manager who will be responsible for proactively managing a complex portfolio of real estate loans on multifamily properties in Massachusetts. This position would be ideal for a commercial real estate lender, asset manager, property manager, or loan administrator who has a desire to work in a mission-driven non-profit organization as part of a dedicated team of real estate professionals in MHP's Portfolio Management Team.  This is an excellent opportunity for a skilled real estate professional who is interested in affordable housing and multifamily real estate. 

Specific responsibilities will include: managing MHP's relationships with borrowers, conducting credit reviews and site inspections, addressing project operating performance and payment issues, preparing workout, collection and refinance plans, and mentoring junior staff members in the administration of assigned loans. Applicants must be self-starters with excellent organizational, communications, and computer skills.               

Applicants must have a minimum 7-10+ years’ progressive experience in lending, asset management, or property management.  Qualifications include: Specific experience relating to financing and/or operation of multifamily properties required. Ability to analyze complex projects (risk, cost/benefit, quantitative and strategic fit). Experience with tax-exempt bond financing, FHA’s Multifamily Programs, Fannie Mae, low income housing tax credits, or other affordable housing programs a plus. Strong computer skills required, including spreadsheet modeling, word processing, and experience with complex data systems. Familiarity with loan servicing software a plus. Bachelor’s degree in finance, accounting or related field, or equivalent experience.  Demonstrated skill in business writing.  Excellent interpersonal skills required, including the ability to work well in a small team environment and to effectively manage relationships with MHP’s borrowers. Ability to manage multiple priorities and meet deadlines while maintaining consistently high quality work. A valid driver’s license, or the ability to acquire one, and the ability to manage in-state travel.

Cover letter required. MHP is currently operating on a fully remote platform. We are currently in the process of making plans for a safe post-COVID return to the office. This position will be required to work in the Boston office.

The Massachusetts Housing Partnership (MHP), a non-profit public agency, is a national leader in affordable housing finance and a primary lender in Massachusetts for the financing of affordable and mixed-income rental housing. MHP has…

Details at a glance

  • Full Time Schedule
  • 4-Year Degree Required
  • Professional

Benefits

Salary is commensurate with experience.   MHP provides a comprehensive benefits package including health, life, dental, and disability insurance, flexible spending accounts, a public transportation benefit, educational assistance, paid time off and family leave, flexible work schedule and a fully vested employer-matched retirement plan. This is an excellent opportunity to work with a dedicated, creative and passionate team.

Salary is commensurate with experience.   MHP provides a comprehensive benefits package including health, life, dental, and disability insurance, flexible spending accounts, a…

Location

Temporarily Remote
Work must be performed in or near Boston, MA
Associated Location
160 Federal Street, Boston, MA 02110

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