Real Estate Manager jobs at Boulay

Full-time Description The Senior Consents Asset Manager will be responsible for managing all documentation requests, credit analysis and checklists related to Fannie Mae and Freddie Mac multifamily loans. Duties include analyzing documentation, credit write up and ensuring that all required materials are complete and accurate before processing. Candidate will coordinate with internal and external stakeholders to gather necessary documentation and maintain organized records. Expected Outcomes: Success in this position is expected to ensure the accuracy and completeness of all documentation and checklists, facilitate smooth communication with stakeholders, and provide timely support to the consents process. By managing documentation efficiently and performing thorough credit analysis, to contribute to the overall effectiveness and compliance of the GSE Consents department. Requirements Process a portfolio of multifamily loans managing each file from application to consent closeout. Manage all documentation requests and checklists. Maintain customer contact and provide timely file status updates to both the customer and internal team members. Perform analysis of documentation provided by customers. Manage communication with third party vendors (appraisers, engineers, etc.). Provide credit analysis for complex consent requests. Work with assigned Asset Manager to finalize Borrower Request submissions for internal and Investor review. Expected Experience, Skills and Education: Bachelor's degree in Finance, Real Estate, Accounting, Economics or a minimum of 3+ years of experience in real estate is preferred. Minimum of 1+ year of GSE credit underwriting or consent underwriting experience required. Proficient in Microsoft Office Products, with an emphasis on Excel and Word. Prior experience with Fannie Mae or Freddie Mac multifamily platforms a plus. A knowledge of real estate markets with an emphasis on multifamily assets. Strong organizational skills. Strong verbal and communication skills. Exhibit self-motivation whether working independently or on a team. A strong sense of urgency and ability to problem solve. An ability to execute and manage multiple projects with deliverables to ensure that timelines and results are achieved. ABOUT MERCHANTS CAPITAL With over 30 years of success built on putting people first, Merchants Capital is a proven leader in financing for multifamily housing nationwide. Our licenses with Fannie Mae, Freddie Mac, and HUD/FHA, in addition to our bank's balance sheet products, allow us to offer custom solutions with agility and ease of execution, expanding access to housing in meaningful and impactful ways. Recognized as a top five affordable lender, Merchants Capital pairs our comprehensive debt offerings with in-house tax credit equity to provide a one-stop-shop for developers and owners. To learn more about Merchants Capital, visit *************************

The Senior Consents Asset Manager will be responsible for managing all documentation requests, credit analysis and checklists related to Fannie Mae and Freddie Mac multifamily loans. Duties include analyzing documentation, credit write up and ensuring that all required materials are complete and accurate before processing. Candidate will coordinate with internal and external stakeholders to gather necessary documentation and maintain organized records. Expected Outcomes: Success in this position is expected to ensure the accuracy and completeness of all documentation and checklists, facilitate smooth communication with stakeholders, and provide timely support to the consents process. By managing documentation efficiently and performing thorough credit analysis, to contribute to the overall effectiveness and compliance of the GSE Consents department. Requirements * Process a portfolio of multifamily loans managing each file from application to consent closeout. * Manage all documentation requests and checklists. * Maintain customer contact and provide timely file status updates to both the customer and internal team members. * Perform analysis of documentation provided by customers. * Manage communication with third party vendors (appraisers, engineers, etc.). * Provide credit analysis for complex consent requests. * Work with assigned Asset Manager to finalize Borrower Request submissions for internal and Investor review. Expected Experience, Skills and Education: * Bachelor's degree in Finance, Real Estate, Accounting, Economics or a minimum of 3+ years of experience in real estate is preferred. * Minimum of 1+ year of GSE credit underwriting or consent underwriting experience required. * Proficient in Microsoft Office Products, with an emphasis on Excel and Word. * Prior experience with Fannie Mae or Freddie Mac multifamily platforms a plus. * A knowledge of real estate markets with an emphasis on multifamily assets. * Strong organizational skills. * Strong verbal and communication skills. * Exhibit self-motivation whether working independently or on a team. * A strong sense of urgency and ability to problem solve. * An ability to execute and manage multiple projects with deliverables to ensure that timelines and results are achieved. ABOUT MERCHANTS CAPITAL With over 30 years of success built on putting people first, Merchants Capital is a proven leader in financing for multifamily housing nationwide. Our licenses with Fannie Mae, Freddie Mac, and HUD/FHA, in addition to our bank's balance sheet products, allow us to offer custom solutions with agility and ease of execution, expanding access to housing in meaningful and impactful ways. Recognized as a top five affordable lender, Merchants Capital pairs our comprehensive debt offerings with in-house tax credit equity to provide a one-stop-shop for developers and owners. To learn more about Merchants Capital, visit *************************

Assess project and partnership risk factors concerning compliance with Section 42 of the Low-Income Housing Tax Credit (LIHTC) provisions, partnership agreements, loan documents, Land Use Restriction Agreements (LURAs), Qualified Allocation Plans (QAPs), and tax credit applications. Calculate the annual tax credit amount based on final cost certification and Form 8609s and determine the first-year credit delivery using actual lease-up figures. Manage the disbursement of equity for the assigned portfolio. Provide oversight of projects by analyzing performance data on a monthly, quarterly, or annual basis, as applicable. Conduct detailed “workout” analyses to prepare asset-specific Risk Management Plans and Loss Mitigation Plans for higher risk-rated assets. Accurately communicate relative risks and develop appropriate plans to mitigate them, thereby better protecting the investment. Recommend strategies to resolve financial, real estate/LIHTC compliance, and ownership issues related to assets. Complete annual property inspections or conduct them more frequently as needed. Expedite the receipt of financial and operational information from lower-tier partnerships on a monthly, quarterly, and annual basis. Initiate communication with General Partners to ensure the timely submission of tax returns and audits. Review the annual operating budget for each property within the assigned portfolio. Communicate issues that may place a project at risk to the appropriate leadership in Asset Management and develop an action plan to mitigate risks and protect the investment. Assist with the disposition of assets at the end of the affordable housing tax credit period or during other dissolution events. Participate in team initiatives. Maintain a thorough and up-to-date record of property activity and document management in the database. Stay informed about regional and local economic and demographic trends within portfolio markets. Develop and maintain relationships with General Partners, management agents, lenders, contractors, third-party monitors, investors, local and state housing agencies, and other stakeholders in the LIHTC industry. 100% telecommuting permitted; candidate may reside anywhere in the U.S. #LI-DNI Full time employment, Monday - Friday, 40 hours per week, $136,469 per year. MINIMUM REQUIREMENTS: Must have a Bachelor's degree or foreign equivalent in Business, Finance, Real Estate, Accounting or a related field and 5 years of progressive, post-baccalaureate work experience in real estate, accounting, finance, or property management. Must have 5 years of experience in performing detailed financial analyses, including calculating tax credits and preparing financial reports, as demonstrated through the successful management of a portfolio exceeding $450 million. Must have 2 years of experience in: * Preparing and presenting comprehensive performance reports to investors, with experience analyzing performance data on a monthly, quarterly, or annual basis, specifically in the Low-Income Housing Tax Credit (LIHTC) or affordable housing sectors. * Providing oversight of the portfolio by assessing project and partnership risk factors concerning compliance with Section 42 of the Low-Income Housing Tax Credit (LIHTC) provisions of the 1986 IRS Tax Code, State Tax Credits, the Historic Tax Credit, and Workforce Housing; as well as the terms of partnership agreements, loan documents, Land Use Restriction Agreements (LURAs), Qualified Allocation Plans (QAPs), and tax credit applications; * Ensuring compliance with requirements related to LIHTC, Section 42, and partnership agreements, backed by experience handling at least 50 tax credit projects; and * Coordinating and completing annual property inspections for a minimum of 50 properties, with a focus on identifying and mitigating physical and operational risks. Domestic travel required up to 40%. The base salary for this job is $136,469 per year. This salary does not include other elements of total compensation, including a discretionary bonus and benefits such as a 401(k) program with company-matching contributions; health, dental, vision, life and disability insurance; and paid time-off plan. RBC's compensation philosophy and principles recognize the importance of a highly qualified global workforce and plays a critical role in attracting, engaging and retaining talent that: · Drives RBC's high performance culture · Enables collective achievement of our strategic goals · Generates sustainable shareholder returns and above market shareholder value TO APPLY: Please click “Apply Now” Button Job Skills Adaptability, Critical Thinking, Customer Service, Detail-Oriented, Financial Engineering, Financial Statement Analysis, Investments Analysis, Personal Development, Personal Initiative, Teamwork Additional Job Details Address: 250 NICOLLET MALL:MINNEAPOLIS City: Minneapolis Country: United States of America Work hours/week: 40 Employment Type: Full time Platform: CAPITAL MARKETS Job Type: Regular Pay Type: Salaried Posted Date: 2025-11-04 Application Deadline: 2026-01-13 Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above Inclusion and Equal Opportunity Employment At RBC, we believe an inclusive workplace that has diverse perspectives is core to our continued growth as one of the largest and most successful banks in the world. 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