Director, Real Estate Originations

Fidelity•Los Angeles, CA

1d•Remote

About The Position

The Group Headquartered in Boston, the High Income & Alternatives division manages approximately $125B in assets under management (AUM). The group’s investments span “across the capital structure,” including high-yield bonds, leveraged loans, convertible bonds, alternative credit, structured credit, and equities. Fundamental research forms the backbone of the group’s investment process. The Real Estate Debt group is part of the High Income & Alternatives division and manages approximately $10B in AUM. The group manages funds and separately managed accounts that invest in common stock, preferred stock, bonds, loans, private real estate debt and commercial mortgage-backed securities on behalf of retail and institutional investors. The Role We are hiring for an originator based in the Western U.S. to support our growing pipeline in that region. Reporting to the Managing Director of Research, the originator will have direct responsibility for sourcing and executing on high yielding loans secured by commercial real estate. Primary responsibilities include sourcing, underwriting, and negotiating subordinate debt. Prospective candidates should have prior experience in all facets of commercial real estate lending including upfront collateral analysis, loan structuring and closing and ongoing asset management. Familiarity with all the major real estate asset classes is preferred. The role requires a deep understanding of structured finance transactions, specifically mezzanine loan and preferred equity structures and the related documentation.

Requirements

7+ years of relevant real estate investment experience, including at least 4 years of real estate loan origination experience
Strong origination partner and deal sponsor relationships
Excellent written and verbal communication skills
Strong financial analytical skills
Comfortable collaborating within a team, but also able to work independently and drive new lending opportunities
Strong work ethic and ability to meet time sensitive deadlines
Willingness to travel

Nice To Haves

Familiarity with all the major real estate asset classes is preferred.

Responsibilities

Grow and maintain a network of origination partners and deal sponsors (owner/operators, sponsors/developers, private lenders, investment bankers, brokers, asset managers) to facilitate a steady flow of investment opportunities
Help with the collection and analysis of market data
Assess credit risk associated with commercial real estate assets
Appropriately determine real estate collateral values
Negotiate term sheets and loan documentation