Asset Manager (Real Estate Debt Fund)
Location: New York, NY
Company Description
Our client is a leading real estate lender specializing in providing single-source debt solutions to multifamily sponsors. Their expertise lies in originating, underwriting, and financing acquisition / rehab bridge and construction loan transactions that are first mortgages, mezzanine loans or preferred equity investments. We are seeking a talented and experienced Asset Manager to join the growing team.
Position Description
The Asset Manager will play a crucial role in managing and optimizing the portfolio of bridge and construction loans. This position requires a deep understanding of real estate finance, particularly in the multifamily sector, and the ability to navigate the complexities of bridge-to-takeout, subordinated debt and construction financing. The Asset Manager will bring best practices and implement them across the platform.
Responsibilities
- Manage and monitor the performance of the loan portfolio, ensuring alignment with company goals and risk parameters
- Conduct regular portfolio reviews and risk assessments, identifying potential issues and recommending mitigation strategies
- Collaborate with the underwriting team to evaluate new investment opportunities and their potential impact on the overall portfolio
- Develop and maintain financial models to analyze portfolio performance and project future outcomes
- Prepare detailed reports on portfolio performance for senior management and investors
- Work closely with asset management and origination teams to optimize portfolio returns and manage risk
- Monitor market trends and regulatory changes that may impact the portfolio or create new opportunities
- Assist in the development and implementation of portfolio management strategies and policies
- Manage construction loan draw process to ensure accuracy and that funding procedures are followed
- Participate in the bridge-to-takeout transition process, ensuring smooth execution of the takeout strategy
Requirements
- Bachelor’s degree in finance, Real Estate, or related field; MBA or relevant master’s degree preferred
- 10 years of experience in real estate finance, with a focus on the multifamily sector
- Strong understanding of bridge and construction lending, subordinate loan structures and multifamily financing programs
- Excellent analytical and financial modeling skills
- Fluency in Excel, financial analysis software, and portfolio management tools
- Strong problem-solving abilities and attention to detail
- Excellent written and verbal communication skills
- Ability to work effectively in a fast-paced, team-oriented environment
- Preferred Qualifications:
Experience with bridge and subordinated debt financing structures
Knowledge of construction lending, real estate capital markets and investment strategies
Familiarity with risk management practices in real estate lending