Acquisitions Analyst: LIHTC Equity Investments

Overview

A national commercial real estate finance firm is seeking a motivated Analyst to join their Acquisitions team. This role supports the sourcing, evaluation, structuring, and execution of Low-Income Housing Tax Credit (LIHTC) equity investments across the United States. The position offers flexibility at the Analyst, Senior Analyst, or Assistant Vice President (AVP) level, with responsibilities and compensation aligned to experience. Remote work options are available.

Responsibilities

• Underwrite and analyze proposed LIHTC equity investments.
• Build, maintain, and review detailed financial models to assess project feasibility, pricing, yields, and risk.
• Review development budgets, operating pro formas, sources and uses, and sensitivity analyses.
• Evaluate market studies, appraisals, third-party reports, and sponsor financial capacity.
• Manage the acquisitions pipeline from initial screening through executed Letters of Intent (LOI).
• Prepare internal deal summaries, investment memoranda, and materials for investment committee and senior management review.
• Coordinate with internal teams including acquisitions, underwriting, investor relations, credit, and legal throughout the transaction lifecycle.
• Track deal progress, issues, and approvals using internal systems and reporting tools.
• Interface directly with developers, syndication partners, lenders, attorneys, and consultants.
• Assist in responding to sponsor questions, reviewing deal comments, and incorporating feedback into pricing memorandums.
• For AVP-level candidates: serve as a primary point of contact on assigned transactions and represent the organization in external discussions.
• Assist in drafting, revising, and negotiating Letters of Intent and related transaction terms.
• Support coordination of pre-closing diligence items and conditions precedent.
• Identify risks, inconsistencies, or structural issues early and escalate appropriately.
• Participate in special projects related to process improvement, market research, pricing analytics, and platform development.
• Contribute to continuous improvement of acquisitions, underwriting, and pipeline management processes.
• For AVP-level candidates: mentor junior team members and support a collaborative, high-performance team culture.

Requirements

• Bachelor’s degree in Finance, Real Estate, Accounting, Economics, or a related field.
• Two to six plus years of experience in LIHTC, affordable housing, or real estate investment, depending on level.
• Strong financial modeling and analytical skills with advanced Excel proficiency.
• Experience in multifamily real estate finance.
• Ability to manage multiple transactions simultaneously in a deadline-driven environment.
• Strong written and verbal communication skills with the ability to present analysis clearly and concisely.
• High level of integrity, professionalism, and attention to detail.

Preferred Qualifications

• Experience negotiating Letters of Intent and managing transaction execution.
• Ability to serve as a primary contact for external partners and sponsors.
• Demonstrated leadership or mentoring experience for AVP-level candidates.

Compensation & Benefits

Compensation and title will be commensurate with experience and level of responsibility. The role offers the opportunity to work remotely.

Location

Remote work option available; location flexible within the United States.