VP – Real Estate Development and Capital Markets
- Firm Name
- Greenville Housing Fund
- Firm Location
- Greenville, SC
- Firm Website
- https://greenvillehousingfund.com
Description
Vice President of Real Estate Development and Capital Markets
JOB DESCRIPTION
Organization Description
Greenville Housing Fund (GHF) is a non-profit organization, founded in 2018, with the mission to increase the availability of high-quality, affordable rental and homeownership opportunities across Greenville County. We engage and encourage the broader community to advocate for more affordable places to live; we make investments in affordable housing development through funding programs and financing; and we acquire land for future development. More information about GHF can be found at www.greenvillehousingfund.com.
Position Overview
The Vice President of Real Estate Development and Capital Markets will direct GHF’s real estate development projects, acquisitions, land bank, asset management, structured financing, private placement equity funds, and coordinate all GHF real estate initiatives. This is a new, full-time position that will report to the CEO and work closely with existing staff, Board members, city and county staff and representatives, for-profit and non-profit partners, contractors and vendors, community leaders and resident groups, and other neighborhood stakeholders.
Primary Responsibilities
Development/Acquisition Management
- Develops and executes GHF Real Estate strategy with GHF CEO and Investment Committee Members.
- Maintains status of Development/Acquisition Pipe Line Tracking Document.
- Ensures all projects meet GHF Real Estate and Acquisition Guidelines.
- Identifies location and initiates evaluation of potential project sites, properties, and development
partners.
- Conducts feasibility analyses, including consideration of critical community support.
- Negotiates and finalizes real estate acquisition agreement.
- Coordinates environmental and other entitlement reviews and local agency approvals, working with
public agency staff to assure timely review and approval.
- Coordinates all closing activities with lenders, attorneys, and third-party vendors.
- Identifies members of the development team and negotiates contracts with contractors, engineers and
architects.
- Manages selected multi-disciplined design and construction teams to deliver affordable housing projects
to market.
- Prepares and monitors project budgets, cash-flow projections, and project schedules.
- Reviews constructions draws with architect to ensure accuracy of billings.
- Makes public presentations on behalf of GHF at external project, policy, and community meetings.
- Underwrites and conducts due diligence on GHF development partners.
- Works with GHF partners and community groups to facilitate smooth transition to occupancy.
- Prepares written materials, including reports and investment/loan committee memorandums.
Capital Markets
- Identifies sources of debt and equity capital for construction, acquisition, and permanent financing of projects from a multitude of sources, both public and private.
- Negotiates terms and legal documentation with all lenders and investors.
* Coordinates and manages all closing processes and documentation with legal teams, lenders, and sellers
to successfully close deals.
- Manages the creation, solicitation, and on-going investor relations for private placement
memorandums.
- Ensures projects remain in compliance with lender/investor requirements.
- Underwrites GHF loans to third parties utilizing GHF loan policy guidelines.
Asset Management/Loan Servicing
▪ Reviews monthly reports from property managers.
▪ Reconciles monthly reports to annual budgets.
▪ Reviews monthly reports with property managers and co-ownership groups.
▪ Analyzes unit turnover information; monitors and tracks property performance. ▪ Creates annual asset management report with property performance metrics.
▪ Approves capital expenditures to ensure property is properly maintained.
▪ Ensures property insurance is appropriate and current on annual basis.
▪ Visits sites to ensure properties are well-maintained and meet lender guidelines. ▪ Suggests quarterly/semi-annual cash-flow distributions.
▪ Processes borrower payment applications.
▪ Tracks borrower loan performance.
The Vice President of Real Estate Development and Capital Markets will direct GHF’s real estate development projects, acquisitions, land bank, asset management, structured financing, private placement equity funds, and coordinate all GHF real estate initiatives.
This is a new senior position with a dynamic, ambitious affordable housing organization, in the beautiful, booming city of Greenville, SC. 3-5+ years substantial experience and demonstrated competency in real estate or affordable housing development, or related field required. Please see attached job description for application instructions.
Job Details
- Job Type
- Permanent
- Paid Y/N
- Paid
Contact Information
- Contact Name
- Francesca Fried
- Contact Email
- ffried@greenvillehousingfund.com
- Job Category:
- Housing, Real Estate
- Job Sector:
- Non Profit