Multifamily Asset Manager
Carmel, IN Merchants Capital
Job Type


As a Multifamily Asset Manager, you will play an important role in managing assets within Merchants Bank’s balance sheet portfolio and you will be exposed to a variety of lending products such as Market Rate, Affordable, Age-Restricted, Construction, Low Income Housing Tax Credits, Renovation/Rehabilitation, and Acquisition.  The Asset Manager will be tasked with monitoring the performance of all assets within their portfolio, tracking the path to permanent financing, and conducting risk assessments such as calculating ratios, trends, and numerous mathematical computations all while providing exceptional customer service. This is achieved through effectively utilizing in-house software to monitor and administer an assigned portfolio of bridge loans. 

 After one year as our Asset Manager, you will know you were successful if you…

  • Maintain a detailed working knowledge of each project within the assigned portfolio.
  • Maintain a working knowledge of interdepartmental processes within the life of a loan.
  • Ability to multi-task, prioritize, and meet changing deadlines.
  • Managing relationships with the Client and Loan Originations Team
  • Collect, review, and provide a risk assessment analysis on monthly, quarterly, and annual financial statements. 
  • Monitor projects for compliance within the Agreements.
  • Maintain a detailed working knowledge of lending programs.
  • Provide loan updates to participant banks and outside investors.
  • Manage day-to-day tasks and respond timely to client request.
  • Perform covenant compliance testing in accordance with the loan agreement.
  • Work with a centralized database system to track project data.
  • Special projects and reporting as requested. 
  • Perform site visits as necessary to each apartment complex. 
  • Monitor maturities within the assigned portfolio.
  • Collaborate with the Loan Originations Team to provide strategic direction on permanent financing. 
  • Review and approve monthly draws for each project and check for project budget compliance. 
  • Assist the Capital Markets Team with the execution of Securitizations.
  • Monitor lease up and calculate leasing projections to stabilization.
  • Draft credit memos analyzing the viability of cash flow, validating rents and expenses compared to the market, and assessing market risk factors and possible risk mitigations.


What we are looking for…

  • a minimum of two (2) years of industry experience is preferred with an emphasis on banking/general loan administration and/or real estate financial management.
  • an organized, detailed-oriented approach to work balance with a personable demeanor effective at delivering high-quality customer experience.
  • an ability to demonstrate problem-solving skills with a self-start mentality that responds well to work pressure and urgent deadlines.
  • excellent written and verbal communication skills with an ability to actively listen and respond appropriately. 
  • the ability to critically think and find solutions when answers are not always clear.
  • strategic/creative thinking with experience overseeing the process of interpreting data and analysis to support the development of new and innovative applications for managing risk.
  • the ability to clearly articulate the meaning of a data set. 

Merchants Capital was established in August of 1990 as a mortgage banking firm specializing in multifamily housing and healthcare facilities finance. With extensive experience in these types of finance, the company is a premier provider and servicer of Multifamily, Affordable, Healthcare, and Student Housing. Our mission is simple: to provide the best origination and service of our loan and investment products with exceptional customer service, accuracy, creativity, speed, and conformance to regulations.

Merchants Capital Corp. (MCC) launched its LIHTC equity syndicator in 2020 and to date had raised $860 million in equity. As a lender, MCC has also originated and closed more than $30 billion+ in financing and now services more than $18 billion+. MCC’s primary source of funding is the secondary market of federally chartered agencies and the federal government and tax credit equity investors. 

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