VP, Asset Management Debt & Alternative Investments

Harbor Group Management•New York, NY

5d•Onsite

About The Position

The Vice President, Asset Management – Debt & Alternatives is part of Harbor Group’s Asset Management group, which manages the company’s direct equity, preferred equity, and debt portfolio investments. The position manages a portfolio of debt and alternative investments, including pooled mortgage vehicles such as Freddie Mac K-series bonds, whole loans, mezzanine loans, preferred equity, and other structured investments. The Vice President oversees portfolio performance, surveillance and reporting, servicer, borrower, and sponsor relationships, loan compliance, and servicing, and works with the Transactions, Legal, Investor Relations, and Finance teams on acquisitions, portfolio oversight, cash management, payment collection, and investor distributions. The near-term focus is the Freddie Mac bond portfolio, including portfolio management, bond- and loan-level surveillance and watchlisting, capital-markets activities, DCH approval requests, and work with special servicers on loan modifications and restructurings, assumptions, deeds in lieu of foreclosure, foreclosures, guaranty claims, and REO recovery plans. A track record overseeing multifamily leasing, operations, and capital improvements on a direct-equity or REO basis, alongside experience with mortgage loan documents and other credit instruments, is fundamental to the role. The Vice President reviews trustee and servicer reports, monitors remittances and investment performance, conducts portfolio reviews and collateral assessments, manages loan draws and escrow accounts, and ensures compliance with governing documents and reporting requirements. The role also contributes to monthly reporting, valuations, audits, compliance reporting, securitization administration, and loan workouts, and directly oversees assigned Analyst and/or Associate staff while supporting junior team members’ development. The position is onsite at the company’s New York, NY or Richardson, TX corporate office. Compensation is location based.

Requirements

Bachelor’s degree required.
A minimum of 7–10 years of real estate asset management experience.
Demonstrated track record managing direct-equity and alternative investments, including some or all of real estate securities, whole loans, senior and junior mezzanine loans, and preferred equity.
Multifamily property sector experience required.
Superior analytical and problem-solving skills, including the ability to develop creative and innovative solutions to real-time challenges.
Investment mindset and thorough understanding of financial calculations such as NPV, DCF, and IRR.
Well-versed in project pro formas and deal analysis, with the ability to articulate the case for a project orally and in writing.
Proficiency with Microsoft Excel and Word.

Nice To Haves

MBA or a master’s degree in real estate or another relevant field.
Commercial property experience.
Experience working with special servicers and Freddie Mac B-piece securities.
Experience working with sale brokers, mortgage brokers, and other financing providers.
Proficiency with Argus, Yardi, Claude, and other AI agents.

Responsibilities

Review monthly trustee and servicer reports, identify issues early, and proactively address them.
Conduct regular loan portfolio reviews with special servicers, focusing on watchlist loans, large loans, and other loans of interest.
Monitor monthly remittance reports, including loan repayments, trust advances and interest on advances, and senior class participations, with the goal of maximizing bond-level investment returns.
Assess and respond to DCH approval requests in consultation with the Co-Head of Asset Management and Special Servicing Committee.
Ensure compliance with agreements between HGI and other parties, including special servicers and institutional investors.
Collaborate with the Transactions team on repo facilities and warehouse lines.
Monitor investment performance through reviews of monthly financial and operating reports and updates with servicers, sponsors, and property managers.
Conduct site visits and market research to assess underlying collateral.
Serve as the primary point of communication with servicers, borrowers, and sponsors.
Formulate, negotiate, and execute loan modifications and restructurings, deeds in lieu of foreclosure, foreclosures, guaranty claims, and REO recovery plans.
Oversee loan draws and escrow account administration.
Track key dates and compliance requirements in trust, loan, inter-creditor, and operating documents.
Ensure servicers, borrowers, and sponsors meet reporting deadlines and other compliance requirements; monitor performance requirements such as DSCR tests and escrow replenishment.
Review and approve budgets and other items as required by governing documents.
Maintain credit and loan servicing files.
Support and participate directly in preparing monthly reporting materials.
Communicate with and present to senior executives, institutions, investors, lenders, and partners, and respond to their questions.
Participate in quarterly and annual valuations, audits, and compliance reporting.
Participate in administering and managing securitizations and other credit instruments relating to the whole-loan portfolio and other investments.
Work with Finance to ensure loan and security payments are received.
Work with Investor Relations to recommend investor distributions.
Work with in-house and outside Legal teams to oversee and lead workouts, loan modifications, and restructurings for assigned loans.
Directly oversee assigned Analyst and/or Associate staff and support training and development of junior team members.