Real estate internship - Lightengale Group

Who: Lightengale Group

What: Lightengale Group is a real estate development consulting firm based in downtown Chicago. Our strong suit is the coordination of financing for multi-family rental affordable housing. We also coordinate the development process (architect, contractor, property management) for several of our clients. We mainly complete work for affordable housing developments in Illinois and Iowa. We have been in business since 1999. For more information about Lightengale Group, see lightengalegroup.com.


Lightengale Group takes a team approach to completing quality work for our clients. The Intern will help support the Project Managers in a wide range of tasks in seeing affordable real estate projects through from beginning to end. We are interested in a candidate who has real estate experience, has or is taking Development Finance, has GIS skills and has a career interest in affordable housing development. We are looking for a candidate who can work up to 24 hours a week, Monday through Thursday. We can be flexible on the days and times worked. Position is offered at $20 per hour.

We have many interesting projects that require flexibility, competency, and speed. The Intern will be asked to work on tasks for multiple projects, which will touch on the initial feasibility stage, predevelopment/ funding, and closing stages of our projects. While the work is highly varied and difficult to predict on a day to day basis, the general work may include any or all of the following:

Application Processing
• Estimating scoring for potential projects
• Completing all basic items for funding applications and funding-related submissions (such as maps, photos, basic research, team forms, operating and property tax comparisons, and narratives)
• Coordinate a variety of background information, diligence and anything needed to support the completion of funding applications • Completing loan and grant documentation (Tax Credits, FHLB AHP, pre-development loans, DCEO, Project-Based Vouchers, Class 9)
• Identifying and reviewing redevelopment plans for specified information; completing worksheet entering in critical information
• Researching census/ other data and presenting results in a helpful way that improves understanding

Project Underwriting / Due Diligence
• Assisting Project Managers on a wide range of projects
• Due diligence related to determining various costs for a variety of development and operations costs
• Review architectural plans for compliance with lender requirements
• Review GC budgets for compliance with project budgets and lender requirements
• Reviewing and completing a variety of property management documents
• Assistance with a variety of project tasks as needed – may include site visits, coordination of applications or other tasks on an as-needed basis

Expectations
• Ask questions and continuous desire to learn and improve
• Ability to prioritize, communicate challenges, and discuss options internally
• Utilization of LGG filing standards for all electronic files

Qualifications Include
• Bachelor’s degree
• Either experience in real estate development, or have taken Development Finance
• GIS experience
• Excellent math skills
• Very good writing skills
• Generally, computer savvy, including MS Excel and Word
• Successful track record of completing complex tasks on deadline

Position Details:
• Maximum of 24 hours/week, M-TH (days/times can be flexible)
• 3 month position; may be extended
• $20/hour

Send cover letter detailing how this position fits in your career plans and resume to maggy@lightengalegroup.com. No phone calls or walk-ins, please.