Associate / Sr. Associate, Debt Capital Markets

LivCor, a Blackstone Portfolio Company • Chicago, IL

93d • $140,000 - $180,000

About The Position

LivCor, a Blackstone portfolio company, is a real estate asset management business specializing in multi-family housing. Formed in 2013 and headquartered in Chicago, LivCor is currently responsible for a portfolio of over 400 Class A and B properties comprising more than 150,000 units in markets across the United States. Our business is focused on making real estate more valuable. But for us, it’s more than that. It’s people first, community always. It’s a life-filled career, not just a career-filled life. It’s doing good work, with good humans, and making a difference. It’s excellence in all its forms. Ultimately, we create great places to work, live, and grow. We do that by focusing on leaving people – and places – better than we found them. As an Associate or Sr. Associate, Debt Capital Markets, you will be responsible for handling a wide range of analytical, origination, and reporting activities relating to Blackstone’s secured loan facilities, and for efficiently coordinating with Blackstone Capital Markets colleagues and other internal groups including Operations, Treasury, Accounting, and Legal. This person will be required to develop a deep understanding of the diligence, reporting, and operational requirements of the various loan facilities, and will communicate responsively and effectively with lenders, servicers and with Blackstone. In addition to unmatched transaction experience, you will collaborate with seasoned real estate investors across the LivCor and Blackstone teams. Furthermore, you will have the opportunity to leverage the platform’s competitive advantage via proprietary business intelligence and a suite of in-house specialist teams, including Asset Management, Redevelopment, CapEx, Revenue Management, Operations, Financial Planning & Analysis, Marketing, Strategic Initiatives, as well as access to industry leading technology solutions. This role will report to the head of Debt Capital Markets. This hire will need to employ entrepreneurial critical thinking skills in tandem with senior leaders as the debt capital markets function is developed from the ground up. Being a “self-starter” and a “go-getter” is a must - the hire will have the opportunity to become a junior leader that operates somewhat independently upon demonstration of skillsets/capabilities.

Requirements

• 4-7 years of successful and relevant underwriting debt experience, including CMBS, Balance Sheet, Debt Fund or Agency execution.
• Excellent analytical skills and good judgment.
• Strong organizational, interpersonal and communication skills, including both independence and the ability to coordinate effectively with colleagues across the organization.
• Ability to manage and prioritize multiple assignments.
• Knowledge of underwriting real estate fundamentals and sensitivity analysis on rents, value, and interest rates.
• High proficiency in Microsoft Excel (including complex formula composition and data organization/management), with experience in Yardi and other common Microsoft Office applications (Word and PowerPoint).
• Bachelor’s Degree required.

Responsibilities

• Provide critical support in the origination of new debt facilities, including CMBS, Agency, and Balance Sheet loans.
• Prepare financial models for lenders.
• Analyze and stratify property portfolios with Blackstone, and prepare summaries for internal and external purposes.
• Coordinate and organize the collection of diligence materials for lenders in online data rooms.
• Coordinate third-party diligence reporting.
• Coordinate with Asset Management, Accounting, and Blackstone Capital Markets in supplying information required by lenders.
• Manage, undertake, and communicate results of key recurring analytical activities, including quarterly/annual financial reporting to lenders and loan servicers, using Yardi systems and models.
• Regular and ad-hoc financial and other reporting to Head of Transactions and to Blackstone.
• Address lender inquiries.
• Calculate paydown amounts for collateral releases.
• Manage data and reporting for debt management system.
• Assist in the development of dashboards and financial models.
• Provide input on the development/creation of workflow infrastructure for all the previously noted daily activities.
• Manage two direct reports; support training, mentoring, and developing skills.
• Partner with the head of debt capital markets on LivCor-wide strategic initiatives.

Benefits

• Generous 401(k) match to help you plan for the future.
• Fertility, adoption, and surrogacy support to grow your family your way.
• Comprehensive health benefits, including medical, dental, and vision.
• Hybrid work model with offices in Chicago, NYC, and Atlanta.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: Bachelor's degree
• Number of Employees: 11-50 employees