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 over 20 years in affordable housing, CREA has raised $11 billion - resulting in the formation of over 83,000 homes within 906 communities across the country. Thanks to the contribution of over 155 employees, CREA continues to look for talented and passionate individuals who are excited about opportunities to grow with us into the future.
Position Summary
This position's primary role is coordinating legal, real estate, and project due diligence for qualifying Low-Income Housing Tax Credit (LIHTC) properties under Section 42 of the Internal Revenue Code. The qualified candidate must be able to effectively take direction to complete tasks and communicate with third-party lenders, borrowers, counsel, title companies, and internal personnel.
Primary Responsibilities
Perform cursory review of title, survey, organizational documents, loan documents, insurance certificates, and other project due diligence to ensure conformance with internal requirements
Maintain due diligence checklist and track updates with Developers and CREA Counsel
Manage third-party reports to completion, working with internal and external constituents
Coordinate internal approvals
Analyze and update financial projections for multifamily residential properties
Draft Investment Committee packages
Prepare closing packages for transition of projects
Other duties, as requested by the senior acquisitions team
Job Requirements
A candidate for this position would benefit from a minimum of two years of applicable LIHTC or transactional real estate experience. A bachelor’s degree in Finance, Business Administration, or a related field is desired. Candidate must have excellent communication and time management skills. Overtime at certain times of the year may be required. Must be proficient with Microsoft Office Suite with a heavy emphasis on Excel and Word. Must possess and be able to demonstrate effectiveness with each of the following Core Competencies.
Core Competencies
Excellent oral and written communication skills
Strong analytical and project management skills
Ability to effectively manage and administer sensitive and confidential information
Strong initiative and ability to work without guidance & supervision
Our Values
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We work as a family, investing in each other, worthy causes, and the communities we serve.
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We have integrity in all that we do; we embrace differences and treat others with kindness and respect.
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We believe that, with teamwork, we can accomplish anything and pursue inventive solutions for our clients.
CREA believes in rewarding the hard work of all those that make our mission possible. Learn about our competitive employee benefits at MyCREABenefits.com.