Senior Originator, Affordable Multi-Family (Real-Estate)

ReadyCap Commercial LLC • Garden City South, NY

87d • $150,000 - $250,000

About The Position

Ready Capital Affordable Multi-Family is a dynamic and growing niche business dedicated exclusively to Affordable Housing Finance. With a team of 25 professionals, the firm has recently closed its own investor fund and currently services a loan portfolio of $4.3 billion. We are seeking a smart, aggressive, and experienced originator to join our team of six originators and focused staff. This role is 100% dedicated to originating and closing tax-exempt private placement bond transactions within the affordable housing sector.

Requirements

• Proven track record in affordable housing finance and bond origination.
• Strong analytical skills and understanding of real estate credit.
• Excellent communication and relationship-building abilities.
• Ability to work independently and collaboratively in a fast-paced environment.
• Bachelor's Degree 4-year college degree in business related field, or other acceptable alternative field required.
• 7–10 years of relevant experience in affordable housing finance, with a strong focus on tax-exempt bonds.

Nice To Haves

• Knowledge of commercial real estate finance, servicing operations and multifamily agency experience (Freddie Mac/Fannie Mae) is a plus.

Responsibilities

• Originate and manage relationships directly with affordable housing developers.
• Evaluate real estate credit fundamentals including Loan-to-Value (LTV), Debt Service Coverage Ratio (DSCR), and other underwriting metrics.
• Demonstrate deep expertise in Tax-Exempt Bonds and the Low-Income Housing Tax Credit (LIHTC) program.
• Engage with fund investors and facilitate approval processes.
• Oversee the full closing process of bond transactions.
• Coordinate with warehouse banks and manage interest rate hedging strategies.

Benefits

• Competitive salary
• Comprehensive health plans including dental and vision coverage
• Company-paid life & disability insurance policies
• Business casual dress
• Great culture

What This Job Offers

• Career Level: Senior
• Education Level: Bachelor's degree
• Number of Employees: 251-500 employees