Real Estate Financing and Development Specialist

Real Estate Financing SpecialistThe Organization

The Patterson Park Community Development Corporation (PPCDC) has spent the last ten years making the formerly deteriorating blocks north and east of Patterson Park a  healthy, vibrant and exciting place to live. Over that time, PPCDC has renovated over 200 [???] homes for sale to resident owners and currently sells between 30 and 50 architect-designed rowhome rehabs every year, while also maintaining over 140 low/moderate income rental units and working to foster commercial development along Baltimore, Fairmount, and Fayette.

 

PPCDC?s founder and current Executive Director Ed Rutkowski pioneered the notion of focusing CDC energy on ?transitional neighborhoods? with a reasonable chance of succeeding. PPCDC covers most of its costs through home sales revenue and has been recognized locally, regionally and nationally for its innovative work. The PPCDC and its staff have also been instrumental in supporting the park-centric Friends of Patterson Park and the youth outreach provided by Banner Neighborhoods. Rutkowski and the PPCDC have provided and continue to provide expertise and substantial financial support to the Patterson Park Public Charter School, one of only a handful of charter schools statewide.

 

With an internal staff of a little over two dozen (consisting of architects, construction managers, a rental manager, residential and commercial development managers, marketing and sales staff, finance and administration, and IT), the PPCDC continues to set a standard for innovation among non-profit neighborhood developers. The culture is informal but high energy and encourages the open and candid exchange of ideas. The organization is headquartered in two buildings at the northeast corner of Patterson Park, one designed by our lead architect Jim Shetler and featuring direct views of Patterson Park from all 11 of its offices (as well as the brand new Parkside Restaurant located below). Job RequirementsBachelors degree in Finance or Accounting preferred3-5 years of experience preferredExperience or at least strong interest in real estate development a plusExcellent analytical abilitiesMotivated and self directedStrong written and verbal communication skills, with attention to detailIn-depth knowledge of Excel and Word; Access a plusDeep understanding of financial reports and processes, particularly loan-related documents and proceduresGreat attitude and high energyAbility to take ownership of projects and follow them through to completionAbility to cultivate ongoing relationships with a wide variety of people in a professional and diplomatic mannerCapable of meeting firm deadlinesFirm desire to make Baltimore a better cityInterest in devising innovative financing strategies

 Job DescriptionProactively coordinate all aspects of property sales and purchasesResearch and pursue new lines of credit and other financing opportunitiesCreate and manage systems to track mortgage and property dataReview legal documents pertaining to financing agreementsNegotiate terms of sale and purchase as necessaryReview due diligence documents, letters of intent, and contracts ? and compile closing checklistsAnalyze the overall financing profile of the organizationSupport the Directors of Residential and Commercial DevelopmentComplete special projects as needed for Executive Director and Director of Administration and Information Management