As a Transaction Manager, you will be responsible for initiating new deal screenings, pricing transactions by product type, preparing prescreen narratives internally and externally, developing relationships with GSE counterparts, and preliminary underwriting. While working in-office at our Carmel, IN Headquarters, you will demonstrate a strong work ethic with a motivated, self-starting attitude in a fast-paced environment. If you are eager to advance your career in multifamily with a growing company, then apply TODAY!

After one year as a Transaction Manager, you will know you were successful if you

  • Perform preliminary underwriting to accurately size lending transactions by working with HUD, GSE, and MBI credit teams.
  • Analyze financial statements and reports related to the transaction, such as historical & pro forma property operating statements, rent rolls, sources and uses, real estate owned schedules, appraisals, and project capital needs assessments.
  • Assist Loan Originator in streamlining communication for accurate and timely client interaction.
  • Oversee loans from Application through Closing.
  • Support and Assist Originators throughout transaction process.
  • Develop client relationships.
  • Prepare term sheets for review and approval by MBI along with assisting in preparation of HUD & GSE Engagement Letters.
  • Composition and analysis of HUD Concept Packages, GSE Soft Quotes, & GSE Pre-Screens.
  • Review 3rd party reports and communicate any issues.
  • Lead due diligence process with clients and internal company processors.
  • Continuing education on MBI, HUD, RD, FHLMC & FNMA program developments, loan policies, and guidelines.
  • Attend training on applicable subjects when available and appropriate for position.
  • 70% of time will be spent on routine, transactional work.
  • 25% of time will be spent executing strategy using experience and judgment.
  • 5% of time will be spent on long-term, strategic work.
  • Responsible for medium- to long-term recurring tasks.
  • Not required to develop others.
  • Typical scope of interactions will be exchanging basic technical information with colleagues, clients, and customers.
  • Responsible for meeting certain ambiguous demands and influences less experienced colleagues.


What we are looking for

  • Requires a bachelor’s degree from an accredited institution, preferably with a focus in finance or commercial real estate.
  • Requires 2-4 years of multifamily credit analysis experience; multifamily affordable housing experience preferred.
  • Requires proficiency with Microsoft Office, with emphasis on Excel and Word.
  • Must demonstrate excellent communication, analytical, interpersonal, and organizational skills.
  • Must be self-sufficient with project/timeline management skills; accuracy and attention to details; and the ability to adapt in an entrepreneurial business environment.
  • Must be able to work well under pressure and can prioritize work to meet deadlines in a fast-paced environment.
  • Requires occasional travel for property inspections, loan closings, training opportunities and transaction meetings. 10% travel overnight – typically 1-2 nights.
  • Knowledge of multifamily real estate and affordable housing development.

With over 30 years of success built on putting people first, Merchants Capital is a proven leader in financing for multi-family housing nationwide. Our licenses with Fannie Mae, Freddie Mac, and HUD/FHA, in addition to our bank’s balance sheet products, allow us to offer custom solutions with agility and ease of execution, expanding access to housing in meaningful and impactful ways. Recognized as a top five affordable lender , Merchants Capital pairs our comprehensive debt offerings with in-house tax credit equity to provide a one-stop-shop for developers and owners. To learn more about Merchants Capital, visit .