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Vice President, Investments

Salary
Competitive
Employment
Full Time
Real Estate Field
Location
Vienna
 VA
Postal Code
22182-3994
Country
United States

This job is no longer active.

Description


Great Opportunity to Join a Growing Company for an Experienced MBA in Multifamily Investments or Lending

Middleburg is a fully integrated real estate operating company specializing in the acquisition, development, and management of apartment communities throughout the mid-Atlantic and southeastern United States.

Overview

Middleburg is expanding and seeks a Vice President of Investments to source opportunities for a newly formed joint venture that will deploy $200 million over the next two years. The joint venture will invest alongside multifamily developers using HUD’s 221(d)(4) construction loan to develop projects throughout the country. The Vice President will source opportunities through their network of developers and HUD lenders that are processing HUD applications. This position will act as a deal manager and interface with all aspects of the investment process, including sourcing, underwriting, conducting due diligence, and closing. There will be daily interaction with Middleburg principals and executive staff. The position will provide the right candidate the opportunity for advancement and will require travel.

Responsibilities

Responsibilities for the position include, but are not limited to the following:

 

  • Source investment opportunities to provide preferred equity as a part of the capital stack in development projects using the HUD 221(d)(4) loan;
  • Initiate and maintain relationships with HUD 221(d)(4) lenders and borrowers;
  • Interact with HUD lenders and borrowers to facilitate the closing of the HUD 221(d)(4) construction loans, including Middleburg’s investment;
  • Support the legal team in structuring and documenting Middleburg’s investment;
  • Provide weekly reporting on the pipeline regarding deal flow;
  • Transfer investment to Middleburg Asset Management once the HUD loan is closed and funded; and
  • Shepherd potential deals through the Middleburg Investment Committee process.
Essential Duties

Must be familiar with the HUD 221(d)(4) process and be able to grow a network of HUD developers and lenders. The position will identify transactions where Middleburg can invest alongside a HUD 221(d)(4) loan, underwrite the potential investments, negotiate letters of intent, conduct due diligence, and coordinate the closing of these transactions. The investments will be structured as preferred equity behind the HUD 221(d)(4) construction to perm loans. The company anticipates investing approximately $100 million annually throughout the United States. The candidate should be (i) knowledgeable regarding the risks/benefits associated with the different components of a capital stack and (ii) able to effect a smooth transition of newly closed investments into the existing portfolio of HUD 221(d)(4) investments managed by the Asset Management Group.

Requirements

The ideal candidate will have a bachelor’s degree (MBA or Master’s in Real Estate preferred) and a minimum of 5 years experience in multifamily investments or lending. Strong knowledge of MS Excel, Word, and PowerPoint is required. The ideal candidate will have strong interpersonal and analytical skills.

Compensation

Compensation is commensurate with experience and includes excellent incentives tied to performance and a quality benefits package that includes health and dental insurance, 401(k), short- and long-term disability insurance, and life insurance.


Middleburg is an equal opportunity employer.  Our policy is to provide opportunity for all team members and job applicants regardless of race, color, religion, national origin, gender, sexual orientation, age, marital, veteran or disability status. Middleburg hires and promotes individuals solely on the basis of their qualifications for the job to be filled.
 

Job Sector


 

Experience


Not Specified


This job is no longer active.

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