Director, NMTC Investing

Background

Broadstreet is an impact financial services company, offering both fund management and fund administration services. We work with innovative investors to fuel social and economic impact throughout the country. We manage or administer 36 multi-asset funds, 92 single-asset entities, and $2.0 billion of capital—all of which drive equity and opportunity alongside financial performance. Over 20 years, we have developed a client base that values our customizable services platform, fund development experience, impact focus, collaborative partnership approach, and deep engagement with the community investing ecosystem.

Summary

The Director (either a Sr. Manager or Vice President depending on experience), Investing is a member of the originations team supporting the growth of our NMTC Investing platform. Having received over $1B in allocation, we are one of the largest NMTC awardees since the program’s inception. Broadstreet is leveraging our NMTC experience to build an NMTC syndication business supporting new, impact-focused NMTC investors. The person in this role will be responsible for business development, underwriting, and closing tax credit investments while building and maintaining relationships throughout the NMTC industry.

Responsibilities

• Cultivate relationships within the NMTC industry, including CDEs, project developers and other key partners by conducting site visits and NMTC 101 events in key markets to build a pipeline of NMTC investor opportunities.
• Partner with Broadstreet’s Fund Management and Impact teams to prioritize investments based on potential community impact and strategic importance with our fund impact priorities.
• Manage the underwriting and diligence process for NMTC investments, including evaluation of the construction budget, operating proforma, appraisals/market studies, business creditworthiness, and developer financial and management capacity.
• Oversee the preparation of investment proposals and presentations for internal and external stakeholders.
• Facilitate closings, ensuring all information and documentation required by the NMTC program is obtained and work with legal counsel to coordinate resolution of legal issues.
• Negotiate business terms with project sponsors and CDE partners to ensure viable, sustainable projects that positively impact the community.
• Partner internally with Fund Administration and Asset Management teams to onboard transactions and address issues that arise post-closing.

Requirements

• Commitment to Broadstreet’s mission to work with and for diverse low-income communities.
• Self-starter who is driven to exceed set targets.
• Excellent communication and interpersonal skills, with the ability to build and maintain relationships with diverse stakeholders.
• Minimum of three years (Sr Manager) or five years (Vice President) commercial real estate lending, community development finance or tax credit investing experience.
• NMTC experience required; Underwriting and closing experience preferred
• Strong project management abilities, including the ability to manage multiple projects simultaneously and meet deadlines.

Compensation and Benefits

As an organization committed to creating good jobs, we walk the talk. We offer competitive salaries based on candidates’ experiences and skills, plus a sizeable performance bonus. The title (Sr. Manager or Vice President) and salary for this job will be offered commensurate with the candidate’s experience and the job description will be altered accordingly. We provide excellent benefits including full health, dental and vision insurance, ample paid time off, holidays, and more.

How to Apply

Please submit your resume on Linked In and your cover letter to [email protected].

Broadstreet is an equal opportunity employer. Applicants are considered for all roles without regard to race, color, religious creed, sex, national origin, citizenship status, age, physical or mental disability, sexual orientation, marital, parental, veteran or military status, unfavorable military discharge, or any other status protected by applicable federal, state or local law. For more information on Broadstreet please visit https://broadstreetimpact.com.