Asset Manager - Bridge Lending (Multifamily)

Greystone & Co.•Sandy Springs, GA

43d

About The Position

Greystone is a private national commercial real estate finance company with an established reputation as a leader in multifamily and healthcare finance, with over $12 billion in loan originations in 2024. The firm consistently ranks in the Top 10 for Fannie Mae & Freddie Mac multifamily loan originations and is the #1 Overall HUD Multifamily and Healthcare Lender in the country. Greystone also ranks nationally as a top affordable housing, seniors housing, and small balance loan lender. At Greystone, charity is at the heart of who we are and what we do. At Greystone, everything we do is driven by our purpose of improving others' lives. As we work hard to maintain our ranking as a top national commercial real estate lender, our culture of caring and support is just as important. We don't just say “Where People Matter” - we lead with this mantra every day to guide our actions and behaviors. Greystone is committed to fostering and preserving a culture of inclusion. Belonging is at the heart of our culture of caring, integrity, and excellence, and is a driving force behind our entrepreneurial spirit and creativity. We are seeking a Multifamily Asset Manager in our Bridge Portfolio Lending Group (PLG). The Asset Manager is responsible for all balance-sheet lending activities at the firm, including Bridge and Mezzanine lending. The PLG portfolio typically consists of $3 billion to $4 billion in loans at any given time, principally focused on transitional financing provided with a view towards exit via permanent financing provided by Greystone via its Fannie, Freddie, and FHA lending programs.

Requirements

A Bachelor's degree in: Finance, Accounting or Business Administration.
At least three (3) to six (6) years of relevant real estate lending and/or asset management experience.
Candidates must have a firm comprehension and proven track record with multifamily properties.
Strong verbal and electronic communication skills with well-developed negotiating skills are essential.
An ability to exercise intellectual honesty when presenting information.
Ability to navigate special projects assigned with minimal oversight.
Consistently produces at a high level with a minimum of supervision or revision necessary.
Participates in special projects and shows flexibility in providing additional insight when needed.
A strong sense of urgency about solving problems, meeting challenging deadlines, and achieving critical goals.
Proficient in Microsoft Office Products, with an emphasis on: Excel, PowerPoint and Word.

Responsibilities

Monitor the risk profile of a portfolio of performing and watchlist-rated multifamily loans.
Serve as the party responsible for all related deliverables or communications between internal and external customers.
Monitor borrower compliance with loan documents to ensure loan covenant compliance requirements are managed effectively.
Work with borrowers, property management agents, and external and internal parties to identify and create solutions to credit weakness, emerging risks, performance defaults, and monetary defaults.
Create solutions to return any underperforming or delinquent loans to performing status.
Prepare action plans and recommendations on troubled assets for presentation to senior management and investors.
Solicit property operating statements and perform financial statement analysis.
Perform and/or review property site inspections to ensure appropriate maintenance practices by borrowers (as required).
Assist with routine borrower consent requests within the assigned portfolio (as required).
Prepare periodic reports to co-investors, CREFC, and warehouse line providers.
Coordinate with other Greystone departments such as Finance, Legal, Accounting, Loan Servicing, etc.