Spring11 - Vice President, Asset Management
About The Position
Spring11, an affiliate of Newmark, is seeking a Vice President to join their growing team. This role will focus on a diverse portfolio of transitional commercial loan assets, including ground-up construction, across various property types and regions. The Vice President will be responsible for providing asset management support and conducting qualitative and quantitative loan underwriting for a growing portfolio of commercial real estate loans. The ideal candidate will have a bachelor's degree or higher, with a minimum of 8 years of commercial real estate experience, including direct experience in investment management, asset management, commercial property management, loan origination, and/or underwriting.
Requirements
- Bachelor’s Degree in Real Estate, Economics Finance or other related field required
- Minimum of 8 years of experience in commercial real estate is required, including direct experience with investment management, asset management, commercial property management, loan origination and/or underwriting
- Must be proficient in Microsoft Excel and PowerPoint
- Excellent verbal and written communication skills
- Must possess the financial and quantitative acumen necessary to make well-reasoned, decisive recommendations, as applicable, to senior management
- Ability to work in a fast-paced and quickly changing environment
Nice To Haves
- ARGUS experience preferred
Responsibilities
- Provide commercial real estate analysis and debt underwriting across all markets and property types
- Monitor each position’s performance relative to underwriting, budget, and covenants within loan documents
- Coordination with and/or management of various third-parties including servicers, borrowers, lenders, and construction consultants, amongst others
- Review and approve draw requests for renovation and ground-up construction projects of varying sizes and scopes ranging from single-use, secondary market transactions to high-profile, trophy projects in major metros
- Monitor performance of transitional/value-add operating properties including performing lease analysis, TI/LC and Renovation draw reviews, and loan covenant testing
- Complete quarterly asset updates for various assets
- Update and/or create credit committee presentation memos for loan modifications
- Work collaboratively to achieve department and firm objectives
- Contribute to the oversight and mentorship of junior staff members to support an expanding Asset Management platform
Benefits
- health, vision, and dental insurance
- paid time off
- a 401(k) retirement plan with employer matching
- discretionary bonuses
- other short- and long-term incentives (e.g., deferred cash, equity, etc.)
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What This Job Offers
Job Type
Full-time
Career Level
Senior
