Project Manager
CurrentReporting directly to the Director of Real Estate and responsible for coordinating and closing the acquisition/purchase of assets, coordinating predevelopment activities, managing the relationships with lenders and investors, orchestrating financial closings, and assisting with the coordination process during the construction phase. Managing 7 projects that are all in different phases of development while maintaining corporate memory of business points and financial structuring of each… Show more Reporting directly to the Director of Real Estate and responsible for coordinating and closing the acquisition/purchase of assets, coordinating predevelopment activities, managing the relationships with lenders and investors, orchestrating financial closings, and assisting with the coordination process during the construction phase. Managing 7 projects that are all in different phases of development while maintaining corporate memory of business points and financial structuring of each transaction. Establish and periodically update proformas (including predevelopment budget, timelines (including major milestones). Coordinate preparation of loan packages for acquisition, development, construction and permanent financing. Coordinate application packages to CTCAC, CDLAC and all other public agencies for funding allocations. Attend selected meetings with Business Development Directors in order to become acquainted with key participants in transactions. Attend follow-up meetings with appropriate city staff, financial partners and lenders. Prepare original budgets and cash flows for all phases of projects and coordinate with the Construction and Accounting departments on any necessary future revisions to those budgets and cashflows. Monitor ongoing project budgets to ensure compliance. Ensure that purchase contracts and escrow instructions go through proper internal review. Monitor status of project appraisals and reports, loan documents, etc. Schedule conference calls as needed among the parties. Review loan documents, regulatory agreements, and agreements with governmental partners to assure they conform to business points. Assure that scheduled closings are organized and complete. Monitor compliance with escrow instructions.Project Area Experience: Texas and California Show less