Senior Associate, Debt Capital Markets

LivCor•Chicago, IL

19h•Hybrid

About The Position

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

5+ years required of first mortgage experience, including originations, underwriting, and structuring
5-7 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