Jonah Ricanati Email & Phone Number

New York City Metropolitan Area

Philadelphia, Pa, Us

· Lead underwriting by producing comprehensive financial models to assess feasibility. · Lead closings of construction and permanent financing by managing project budgets, analyzing the availability of the flow of funds, and satisfying closing requirements for project stakeholders. · Support capital raising by preparing solicitation packages and applications for various funding sources including conventional debt and equity, state and federal tax credits, subsidy loans, and project-based vouchers. Led funding applications resulting in $87 Million+ raised in gap financing for developments proceeding to closing. · Collaborate with Asset Management and Property Management to oversee initial lease up and transition to stabilization of properties (1,750 residential units and 40,000 SF of commercial space).

Philadelphia, Pa, Us

Cleveland, Ohio, Us

-Support due diligence by analyzing consultant reports and managing relationships with external consultants.-Prepare applications for Low Income Housing Tax Credits and various other public financing sources for new construction affordable and workforce housing developments.-Work with Development Project Managers and Investor Relations team to close debt and equity for market rate and affordable multifamily and mixed-use developments. To date, have closed $235 M+ in debt and equity resulting in the development of 1250+ units.-Manage site control and land contracts for 25+ development sites across Florida, Texas, Georgia, North Carolina, South Carolina, and Massachusetts.-Prepare responses to RFPs and assist Developers with site selection.

Cleveland, Ohio, Us

-Rotational role covering all aspects of development, design, entitlements, financing, and ownership of market rate and affordable multifamily housing. -Completed a development rotation with the NYC Metro development team.

Cleveland, Ohio, Us

-Analyzed 4% and 9% Low Income Housing Tax Credit awards data from Michigan, Georgia, and Florida state housing finance authorities. Presented summary of competitive landscape to senior executives and recommended methods for assembling competitive tax credit applications in these states.-Conducted research on certain property tax exemptions for affordable housing development. Informed developers of how they could take advantage of these opportunities in their markets. -Initiated a relationship with a solar panel company to inquire about opportunities to implement solar on new market-rate developments. Worked with NRP’s Director of Energy and Water to explore these opportunities.

Budapest, Budapest, Hu

-Worked at Futureal Group, a top 20 largest European developer, in the company's Israel headquarters alongside the Managing Director supporting the asset management of a 500 asset U.S. single-family home portfolio.-Analyzed capital work order data on the 500 home, $40 million single family portfolio. Provided detailed recommendations on how to reduce property operating costs and improve the portfolio's net income margin.-Completed tenant turnover analysis for 6 German apartment properties (200 units) in attempt to limit re-leasing time.

Cleveland, Ohio, Us

-Analyzed broker valuations for luxury multifamily properties developed by NRP. Helped prepare Vice President of Investments for broker interviews prior to disposition.-Created and maintained graphs showing leasing and occupancy velocity for NRP's market rate multifamily portfolio. -Assisted with research and due diligence for perspective new development opportunities. Helped assemble investment committee presentations.