Manager of Real Estate Finance

Summary

Frolic Community is a company developing cooperative housing communities designed to expand access to homeownership and promote community ownership. The Manager of Real Estate Finance will lead financial modeling, project underwriting, and capital structuring across real estate development projects while partnering with lenders, investors, and funding partners. The role will also develop financial systems and support the launch of in-house financing programs.

Responsibilities

• Manage all project financial models, proformas, and capital stack design across multiple projects
• Support engagement with lenders, investors, and financing partners for pre-development, construction, and permanent financing
• Develop and manage standardized systems for project underwriting and financial reporting
• Coordinate closely with the development team to align financial strategy with project design and timelines
• Prepare finance packets, loan applications, and supporting documentation for external stakeholders
• Support the creation of in-house financial vehicles, including the Pre-Development Fund and Subordinated Blanket Mortgage programs
• Mentor junior team members and help build Frolic’s real estate finance team

Skills

• 2-4 years of experience in real estate finance, development finance, and / or project underwriting
• Strong experience leading financing efforts for housing development projects, including sourcing, structuring, and closing investment and financing partnerships across the project capital stack
• Experience structuring and managing complex capital stacks and financial products for housing projects, such as LIHTC, NMTC, or other comparable financing mechanisms
• Very strong modeling skills in Excel and familiarity with complex capital stacks (construction, perm, equity, etc.)
• Demonstrated experience working with lenders, investors, and government funding programs
• Bachelor's degree in finance, real estate, or related field
• Excellent written, analytical, and communication skills
• Ability to manage multiple active projects and deadlines
• Commitment to housing innovation and community-oriented development
• This position will be full-time and employee must be based in the Seattle metro area
• We will consider applications for candidates based in The Bay Area or Los Angeles who are open to  travel to Seattle at least once a month
• MBA or MSRED preferred

Qualifications

Must Haves

• 2-4 years of experience in real estate finance, development finance, and / or project underwriting
• Strong experience leading financing efforts for housing development projects, including sourcing, structuring, and closing investment and financing partnerships across the project capital stack
• Experience structuring and managing complex capital stacks and financial products for housing projects, such as LIHTC, NMTC, or other comparable financing mechanisms
• Very strong modeling skills in Excel and familiarity with complex capital stacks (construction, perm, equity, etc.)
• Demonstrated experience working with lenders, investors, and government funding programs
• Bachelor's degree in finance, real estate, or related field
• Excellent written, analytical, and communication skills
• Ability to manage multiple active projects and deadlines
• Commitment to housing innovation and community-oriented development
• This position will be full-time and employee must be based in the Seattle metro area
• We will consider applications for candidates based in The Bay Area or Los Angeles who are open to  travel to Seattle at least once a month

Nice to Haves

• MBA or MSRED preferred

Benefits

• 80% company contribution to robust medical, dental and vision benefits
• Up to 3.5% employer match on sponsored 401(k) plan
• Options in Frolic to be a co-owner of our company