Associate / Sr. Associate, Debt Capital Markets

LivCor•Chicago, IL

14d•$140,000 - $180,000•Hybrid

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. Whew! Still with us? Cool. Let’s talk about where you’d fit in: Only read further if you are: Kind Humble Honest Relentless Smart with Heart You should be: Authentic. You do you. Together, we’ll do something amazing. A passionate person with a love for real estate and investing; and believes that helping others win is a noble cause, essential to our success. An excellent team player who enjoys working with others and has strong interpersonal skills. Highly motivated , energeti c, and organized We are looking for someone to join the most active multifamily platform in the industry. Since 2018, the platform has transacted more than $21 billion in multifamily assets. 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.
Help to train and mentor junior team members.
Partner with the head of debt capital markets on LivCor-wide strategic initiatives