The Michigan Economic Development Corporation (MEDC) is the state’s marketing arm and lead advocate for business development, job awareness and community and talent development with the focus on growing Michigan’s economy. The MEDC is seeking to fill a Commercial Real Estate Investment Manager position.
The Commercial Real Estate Investment Manager is responsible for highly technical negotiating, structuring and closing of complex commercial and other special community development driven investment projects, generally featuring between $1 million and $10 million in program capital at risk. This position will manage the Community Revitalization Program (CRP) project portfolio from concept to close while seeking to stimulate economic development; ensure the MEDC and State of Michigan investments are protected; and structure deals so that the state realizes the best possible rate of return.
Manages diverse loan, grant, and other financial incentives portfolio of projects; engages in project management of the portfolio; resolves legal and business issues; and negotiates complex structured financial transactions including but not limited to limited-partnership operating agreements, transactions involving various federal tax credits, tax increment financing and other similar financial
Serves as the primary resource and point of contact for various regions within the state for businesses, communities, economic development partners and other MEDC staff in all financial matters related to community development
Assumes operational authority over multiple projects to ensure that projects move from inception to close in a timely manner and helps to lead the MEDC’s efforts to negotiate and restructure existing financial
Serves as a subject matter expert on all matters of real estate development underwriting and financial structuring, as well as on other complex community development financial
Works with members of the Community Development leadership team to formulate and implement strategic decisions necessary to ensure the effectiveness of the Community Revitalization Program and the MEDC’s Community Development
Performs an in-depth needs and financial analysis for each project to ensure that applicants for incentives have the ability to move the project
Reviews, interprets and assists in the development of legal documents.
This position requires a bachelor’s degree (B.A.) from a four-year college or university in Finance, Accounting, Business Administration, Economics or Law; or equivalent combination of education and experience.
This position requires four to six years progressive experience in and/or advanced knowledge of: 1) commercial and real estate underwriting, loan and equity structuring, and closing transactions of an increased level of complexity; 2) loan portfolio and relationship management; 3) other governmental lending assistance programs; and 4) tax credit programs. Preference will be given to candidates that demonstrate experience structuring double-bottom line investments.
For more information about this position, please visit: https://www.michiganbusiness.org/about-medc/jobs-at-medc/
Additional Salary Information: Additional compensation consideration given based on relevant skills, education and experience.
About Michigan Economic Development Corporation (MEDC)
The Michigan Economic Development Corporation is the State of Michigan's marketing arm and lead advocate for business development, job awareness and community development with the focus on growing Michigan’s economy. For more information on the MEDC and our initiatives, visit www.MichiganBusiness.org.