Nancy Mccafferty Email & Phone Number

Boston, Ma (Bos)

Provides strategic direction to originate loan production and deliver thought leadership for sales and marketing.

Boston

Develop, manage and maintain long term business relationships of owners and developers of affordable multifamily housing seeking permanent financing in Massachusetts. Seek, identify and analyze financing opportunities that meet client business objectives and strategic priorities. Act as client advocate to anticipate and resolve issues as well as manage the internal delivery of resources. Develop and maintain detailed knowledge of lending programs and products in connection with MHP’s capital sources; including, private bank funds, Fannie Mae and HUD Financing (223(f)) and Risk Sharing. Develop initial term sheet for clients and effectively transition opportunities to loan officer for underwriting. Maintain knowledge of latest trends affecting multifamily finance, including issues related to market supply and demand, public policy and availability of public resources; including, federal and state tax credits. Attend affordable multifamily housing events and effectively network with industry leaders to widen awareness of financing products in the marketplace.

Originate, underwrite and close permanent mortgage loans using various financing programs; including, taxable debt and tax exempt bonds totaling approximately $35MM annually using funds from the banking industry to create affordable multi-family rental communities ranging from 5-289 units throughout Massachusetts. Additional responsibilities include, preparing and presenting loan proposals to various committees and boards, preparing loan transition packages, actively participate in the development of new financing programs and strategies to resolve risk related issues, developing and maintaining positive and effective business relationships with for-profit national developers, non-profit community based housing developers, external lenders, state and local officials, non-profit community based housing development companies and for-profit national developers, acting as direct liaison for the MHP/Fannie Mae $100MM Flow Facility; contributing to team goal achievement through underwriting expertise, marketing skills and policy leadership as well as maintain information on various tax credit programs, investor market and state lending programs administered by the Department of Housing and Community Development and Federal Home Loan Bank of Boston,

Originated, analyzed, underwrote and closed on the purchase of limited partner interests within Operating Partnerships that owned multi-family rental properties participating in the Section 42 Tax Credit Program. Additional responsibilities; included, preparing financial forecasts to analyze investor equity, stream of tax credits in order to maximize after-tax investor yield, negotiated investor terms for both developers and general partners, collected, reviewed and approved due diligence for closing and funding investor equity and prepared transition information for asset managers and provided guidance to interpret terms within the limited partnership agreements.

Managed a portfolio of 180 residential properties participating in the Section 42 Tax Credit Program and worked within a team to preserve the stream of investor tax credits to provide investors expected yield. Additional responsibilities; include, analyzed operating partnership annual tax returns and audited financial statements, reviewed operating statements in order to evaluate asset performance, evaluated partnership performance through pre-established benchmarks to recommend the release of investor equity, developed and maintained strong relationships with general partners, lender representatives, attorneys, accountants, management agents and local officials, analyzed performance of general partners’ portfolio, conducted site visits to review tenant income certifications, evaluate on-site management and review physical condition of the property.

Managed a Class A office building (170,306 s.f.) and industrial building (280,562 s.f.) in Boston, three suburban office buildings totaling 500,000 s.f. and seven McDonald’s Corporation excess property accounts totaling 280,000 s.f. Additional responsibilities include, developed and implemented annual property business plan and capital improvement plan, prepared monthly reporting packages and quarterly property forecasts, managed on-site maintenance and contractor personnel, bid property service agreements and managed service contractor performance, abstracted leases and continuously monitored monthly rent rolls as well as aged receivables, acted as direct liaison between owner, leasing agent and tenants, assumed primary responsibility for new tenant occupancies and all tenant issues, reviewed, coded and approved all property invoices, organized tenant roundtable meetings and property events, reconciled annual operating expenses.

126 High Street, Boston

Supported a team of five senior executives developing a $500M office complex located at 125 High Street that contained (a) 1.5M s.f. of Class A office and ground floor retail space; (b) the historic rehabilitation of three 19 century buildings; (c) a fire station; and (d) an 850-car undergroung parking garage.

Bachelor Of Science In Business Administration, Finance And Economics

Education record