Analyst, Capital Markets

STERLING RETAIL SERVICES LLC • West Palm Beach, FL

8h

About The Position

The Analyst, Capital Markets will play a key role within the Firm’s debt capital markets group and will be primarily responsible for assisting with the sourcing, underwriting, coordination, and execution of all property-level and corporate financing transactions of the Firm. In order to do so, this person must develop an in-depth understanding of both the debt capital markets and shopping center properties. Over time, the role will become more outward-facing as relationships with lenders and debt brokers are established.

Requirements

• Bachelor’s degree in real estate, finance, accounting, or related concentration.
• Excellent interpersonal, communication, and writing skills with a team-first mentality, hunger for results, and the aptitude to interact with top executives.
• Highly committed, analytical, self-motivated, and strategic, with strong attention to detail and the ability to excel under pressure.
• Strong time management and organizational skills with the ability to handle multiple tasks concurrently in a fast-paced environment.
• Willingness to work late nights and weekends on occasion when needed in connection with live transaction deadlines.
• Proficient in Microsoft Office applications

Nice To Haves

• Advanced degree preferred but not required.
• Argus and/or Yardi experience a plus.

Responsibilities

• Develop a comprehensive understanding of the various components of commercial real estate loans and how each business provision impacts financial returns.
• Assist the Capital Markets team with all phases of corporate and property-level loan executions. Coordinate documentation of transaction business points with Sterling’s legal team.
• Facilitate broker bidding processes for new financings and refinancings, including assisting with property-level and fund-level diligence requests. Work closely with brokers to create loan marketing materials.
• Serve as a point of contact for lenders during the due diligence process by promptly and thoughtfully answering all diligence requests, including gathering and/or creating the requested diligence documents.
• Continually review owned asset portfolio (75+ properties) to proactively identify financing-related opportunities (i.e. loan earn-outs, strategic refinancings etc.) and approaching debt maturities. Communicate future debt assumptions for owned assets to the Asset Management team and other constituents.
• Work closely with Sterling’s construction and accounting teams to orchestrate loan draws for active construction/development projects and the reporting of loan covenant calculations, as well as forecasting ratios for future covenant tests.
• Coordinate and obtain lender approvals when necessary, including lease approvals, REA approvals, SNDA requests, and other required approvals.
• Develop an in-depth understanding of retail leases; analyze the same with regards to tenant control rights, expense reimbursements, percentage rent obligations, co-tenancy impacts, etc.
• Learn the process of preparing financial models and cash flow forecasts with IRR and equity multiple sensitivities by working with the Capital Markets and Investments teams.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level