Manager of Real Estate Finance

Frolic Community Manager of Real Estate Finance Seattle, WA
· Full time Company website

We are seeking a Manager of Real Estate Finance to lead financial modeling and support capital structuring across Frolic’s real estate development projects. This role will manage the full capital stack for projects—including pre-development, construction, and permanent financing—and partner with lenders, investors, and funding partners. The Manager will play a key leadership role in developing Frolic’s financial systems, standardizing project proformas, and supporting the launch of Frolic’s in-house Pre-Development Fund and Subordinated Blanket Mortgage programs.

We are a small team of pragmatic dreamers working to shift the existing real estate development paradigm towards community ownership. Building on the research of our founders from the MIT Center for Real Estate, we are creating pocket-communities of 6-20 homes owned collectively via the Frolic Community cooperative housing model - designed to make buying a home within reach for generational renters and first time home buyers.

We build our projects in partnership with single family home owners that have greater development potential on their land and who want to age in place, house their communities, and shape the future of their neighborhoods. We have 6 projects in development and over 30 in our pipeline, and are looking for fellow dreamers with acumen to join our team.

Learn more about our work here: https://(Use the "Apply for this Job" box below).-are

About Frolic

Building on our founders’ research at the MIT Center for Real Estate, we are creating pocket-communities of 6-20 homes owned collectively via the Frolic Community cooperative housing model, which is designed to bring home ownership within reach for generational renters and first-time home buyers. We build our projects in partnership with single-family home owners who have greater development potential on their land and who want to age in place, house their communities, and shape the future of their neighborhoods.

We have 6 projects in development and over 30 in our pipeline, and are looking for fellow dreamers with acumen to join our team.

Learn more about our work here: https://-are

About the Role

We are seeking a Manager of Real Estate Finance to lead financial modeling and capital structuring across Frolic’s real estate development projects. This role will manage the full capital stack for projects—including pre-development, construction, and permanent financing—and partner with lenders, investors, and funding partners. The Manager will play a key leadership role in developing Frolic’s financial systems, serving as our internal expert on project proformas, and supporting the launch of Frolic’s in-house Pre-Development Fund and Subordinated Blanket Mortgage programs.

• Manage all project financial models, proformas, and capital stack design across multiple projects.
• Support engagement with lenders, investors, and financing partners for pre-development, construction, and permanent financing.
• Develop and manage standardized systems for project underwriting and financial reporting.
• Coordinate closely with the development team to align financial strategy with project design and timelines.
• Prepare finance packets, loan applications, and supporting documentation for external stakeholders.
• Support the creation of in-house financial vehicles, including the Pre-Development Fund and Subordinated Blanket Mortgage programs.
• Mentor junior team members and help build Frolic’s real estate finance team.

You are an experienced finance professional with a deep understanding of real estate housing finance and complex capital structuring. You thrive in complex, dynamic environments, and bring both analytical rigor and practical judgment to your work. You enjoy structuring deals, building systems, and collaborating with diverse stakeholders to move projects from concept to close.

• 2-4 years of experience in real estate finance, development…