Spring11 - Associate, Asset Management

Newmark • Overland Park, KS

3h • $70,000 - $105,000 • Onsite

About The Position

Spring11, an affiliate of Newmark, provides a full suite of commercial real estate services. We are currently seeking an Associate to join our growing team to work on a diverse portfolio of transitional commercial loan assets, including ground-up construction, spanning various property types and regions. The Associate will be tasked with providing asset management support and qualitative and quantitative loan underwriting for a growing portfolio of commercial real estate loans.

Requirements

• Bachelor’s Degree in Real Estate, Economics Finance or other related field required
• Minimum of 3 years of experience in commercial real estate is required, including direct experience with investment management, asset management, commercial property management, loan origination and/or underwriting
• Must be proficient in Microsoft Excel and PowerPoint
• Excellent verbal and written communication skills
• Must possess the financial and quantitative acumen necessary to make well-reasoned, decisive recommendations, as applicable, to senior management
• Ability to work in a fast-paced and quickly changing environment

Nice To Haves

• ARGUS experience preferred

Responsibilities

• Provide commercial real estate analysis and debt underwriting across all markets and property types
• Support the senior asset managers in monitoring each position’s performance relative to underwriting, budget, and covenants within loan documents
• Coordination with and/or management of various third-parties including servicers, borrowers, lenders, and construction consultants, amongst others
• Review and approve draw requests for renovation and ground-up construction projects of varying sizes and scopes ranging from single-use, secondary market transactions to high-profile, trophy projects in major metros
• Monitor performance of transitional/value-add operating properties including performing lease analysis, TI/LC and Renovation draw reviews, and loan covenant testing
• Complete quarterly asset updates for various assets
• Update and/or help create credit committee presentation memos for loan modifications
• Work collaboratively to achieve department and firm objectives
• Contribute to the oversight and mentorship of future junior staff members to support an expanding Asset Management platform

Benefits

• Competitive benefits package
• Discretionary bonuses
• Other short- and long-term incentives (e.g., deferred cash, equity, etc.)

What This Job Offers

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