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

Ready Capital offers a positive and diverse work culture incorporated with people who are passionate about their careers. We pride ourselves in being viewed as a premier place to work and encourage you to view our Loan Servicing Associate opportunity.

 Job Title: Senior Originator, Affordable Multi-Family (Real-Estate)

 Job Summary: 

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.

Key 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.

Qualifications:

• 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.

Education and/or Experience:

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

Expected annual base salary range:

$150,000 - $250,000

Actual base salary within that range will be determined by several components including but not limited to the individual's experience, skills, qualifications and job location.

Additional compensation: Base salary does not include other forms of compensation or benefits offered in connection with the advertised role.

Physical Demands:

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job.  Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

While performing the duties of this Job, the employee is regularly required to sit; use hands to finger, handle, or feel and talk or hear.  The employee is frequently required to stand and walk.  The employee is occasionally required to reach with hands and arms; climb or balance and stoop, kneel, crouch, or crawl.  The employee must frequently lift and/or move up to 10 pounds.   Specific vision abilities required by this job include close vision, distance vision, color vision, peripheral vision, depth perception and ability to adjust focus.

Work Environment:

The work environmental characteristics described here are representative of those an employee encounters while performing the essential functions of this job.  Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions.  The noise level in the work environment is moderately quiet.  We thrive in an environment that encourages hard work while having fun!

Ready Capital (NYSE: RC) is a multi-strategy real estate finance company that originates, acquires, finances and services small- to medium-sized balance commercial loans. We specialize in loans backed by commercial real estate, including agency multifamily, investor and bridge as well as SBA 7(a) business loans. Headquartered in New York City, Ready Capital employs over 400 lending professionals nationwide.

Ready Capital offers a full range of benefits, including competitive salary, comprehensive health plans to choose from including dental, vision coverage, company-paid life & disability insurance policies, business casual dress and a great culture!

Ready Capital is an equal opportunity employer (EOE)!