Capital Markets Intern

Job Locations US-CA-Los Angeles
Job Post Information* : Posted Date 3 months ago(9/15/2023 11:16 AM)
# of Openings


April Housing is a leading owner and operator of high-quality affordable housing throughout the United States. Founded in 2022 and headquartered in Los Angeles, April Housing is the asset management business that oversees Blackstone's affordable housing and LIHTC portfolio. April oversees a portfolio of over 85,000 affordable housing units in approximately 650 communities. April Housing seeks to preserve critical affordable housing stock while providing best in class management and high-quality housing. April is committed to being a fair, transparent, and responsible owner.


April Housing’s long-term commitment to owning affordable housing is supported by Blackstone Funds, predominantly BREIT, a non-listed REIT. This perpetual capital vehicle provides April with a patient and flexible source of capital and plays a critical role in enabling the creation and preservation of more affordable housing. In addition to managing a growing portfolio, April Housing will ensure assets in the existing portfolio remain affordable and in compliance with all rent regulations while making significant improvements and aligning the operations with April Housing's Standards of Excellence in Residential Operations.


In its pursuit of excellence, April Housing is looking for individuals who share in its mission to provide high-quality housing to affordable residents.


As of the date on which this job advertisement is posted, the Company anticipates that the base hourly range for this role is $35/hour for post grad. We are only seeking post grad applicants.


The Capital Markets team at April Housing is responsible for the debt and tax credit equity financing of one of the largest affordable housing portfolios in the country. In close coordination with Blackstone, we manage debt and equity structuring, refinancing, loan administration, and strategic financing initiatives for the portfolio. As an intern, your responsibilities will include:


  • Performing analyses to guide internal decision-making on asset-level financing, and summarizing recommendations for Blackstone / April Housing
  • Supporting the initial underwriting of properties that will be refinanced in conjunction with a tax credit investment (known as resyndication)
  • Helping to develop pitches soliciting financing from lenders and investors
  • Managing due diligence (e.g. legal requirements, property-specific reports, regulatory compliance) in connection with planned financing efforts
  • Researching specific financing issues relating to in-place debt on assets in the portfolio (e.g. bond financing restrictions, prepayment terms, interest rate cap requirements, pooled and/or securitized financings)
  • Researching and summarizing the latest financing trends in the market and specific financing products
  • Helping to develop and implement processes for capital markets administration, including reporting on loan covenants, data and document management


  • Pursuing a master’s degree in urban planning, finance, business, or related fields
  • Good communicator; organized and detail-oriented; ability to self-manage multiple tasks on different deadlines
  • Basic analytical abilities in excel, e.g. mortgage formulas
  • Proficient in PowerPoint, Word, Microsoft Office Suite
  • Interest in exploring/continuing a career in affordable housing; related experience preferred but not required
  • Rising seniors in undergraduate programs will also be considered on a case by case basis


EEO Statement

The Company is an equal opportunity employer. In accordance with applicable law, we prohibit discrimination against any applicant, employee, or other covered person based on any legally recognized basis, including, but not limited to: veteran status, uniformed servicemember status, race, color, caste, immigration status, religion, religious creed (including religious dress and grooming practices), sex, gender, gender expression, gender identity, marital status, sexual orientation, pregnancy (including childbirth, lactation or related medical conditions), age, national origin or ancestry, citizenship, physical or mental disability, genetic information (including testing and characteristics), protected leave status, domestic violence victim status, or any other consideration protected by federal, state or local law. We are committed to providing reasonable accommodations, if you need an accommodation to complete the application process, please email


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