Welcome to Mill Creek! We’re glad you’re here! At Mill Creek Residential we are committed to building a diverse, equitable and inclusive workplace where our associates can grow and bring their whole selves to work. This starts with our recruiting and hiring process. Studies have shown that women and people of color are less likely to apply to jobs unless they meet every single qualification. We want you to know that we encourage you to apply if this job excites you, even if you don’t meet 100% of the requirements. You may just be the right candidate for this role, or another role and make your mark at Mill Creek.

Position Su m m ary

The Capital Markets Associate’s primary responsibility will be assisting the team in sourcing, negotiating, closing, and managing construction debt, JV equity and project refinancing across the 21 markets where the company develops, builds, and acquires properties

Essential Functions/Responsibilities

• Prepare construction debt financing strategies and financing solicitation packages

• Assist in closing debt and equity for new development communities and acquisitions communities across the country, with a focus on Eastern U.S. offices.

• Assist in closing debt modifications and refinances for development and acquisition communities across the county, with a focus on Eastern U.S. offices.

• Track the status of debt solicitation processes, assist in providing lender due diligence, and follow-up as needed to ensure timely loan closings.

• Participate in drafting and of review Investment Committee Meeting memos as requested and review all memos for accuracy

• Participate in drafting and review of loan documents and exhibits as requested and review for accuracy

• Provide debt information as requested and work with Capital Markets and various internal groups to track interim property tests, guaranty burn offs, loan extensions and other information required to proactively manage our portfolio properly

• Assist with lender and equity partner ad-hoc reporting, questions, and other requests related to financed projects.

• Participate in financing conversations with equity partners, Asset Management, Portfolio Management, Development and/or Accounting.

• Support Development, Accounting, and Treasury teams to ensure proper execution of loan draw requests, payments, covenants and other requirements

• Run detailed sensitivity analysis for loan covenants and extension tests

• Prepare interest rebalancing projections and assist in negotiating loan rebalancing requests

• Assist with interest rate hedging for construction loans

• Coordinate lender approvals for retail leases nationwide

• Assist in maintaining contact relationship management database for lenders

• Assist in developing and maintaining relationships with providers of construction debt, bridge and permanent financing

Edu ca tion an d/or E x p e ri e n c e

• Undergraduate degree required

• Minimum of 3 years real estate finance experience

• Experience in commercial real estate lending or construction lending preferred

• Multifamily experience preferred

Mill Creek is an Equal Opportunity Employer

Are you ready to contribute to the success of Mill Creek Residential? If so, apply today and become part of an organization that believes in uncompromising integrity, celebrating successes, continuous improvement, and working hard, smart and together!

People. Places. Relationships. Our tagline begins with the most important part of Mill Creek, our people. As a multifamily company focused on construction, development, acquisition, and operations of rental communities in the most desirable markets coast-to-coast, we are also committed to ensuring a diverse, equitable and inclusive environment for our resident customer and our associates. We have implemented processes to support DE&I practices throughout the associate lifecycle from recruiting and hiring to ongoing training programs for career advancement. Our growth since our founding in 2011 is nothing short of remarkable – a direct reflection of our team’s contributions. We are committed to listening to our associates and focusing on continuous improvement.

For more information about our DE&I initiatives, please click here (https://millcreekplaces.com/2020-esg-report/) to review our inaugural Environmental, Social, Governance (ESG) Report.