Vice President for Lead CRE and Construction Loan Administrator

Situs

(New York, New York)
Full Time Travel Required
Job Posting Details
About Situs
Since 1985, Situs has been the premier, global provider of end-to-end commercial real estate and loan advisory services and integrated solutions, offering customized services to leading financial institutions, investors, owners, and developers. We offer a wide array of services, including enterprise and process improvement, capital markets and commercial real estate advisory, primary and special servicing, and creative staffing solutions.
Summary
Situs Asset Management is currently seeking an experienced senior commercial real estate Loan Administrator to lead a Loan Administration team dedicated to TPG Real Estate Finance in New York, NY. This position is responsible for the administration of a diverse $2.5B portfolio of loans secured by transitional real estate assets including real estate development. The individual will lead the daily operations of the loan administration team and report to the Head of Loan Administration.
Responsibilities
* Managing a team of loan administrators * Analyzing and interpreting loan documents * Monitoring reserve and escrow accounts to ensure borrower compliance with governing documents including provisions related to budget, taxes, insurance, collateral and future fundings * Reviewing disbursement requests, monitoring draw procedures, managing flow of funds mechanics and internal loan administration * Monitoring of construction loans including review of budgets, back-up documentation, title updates, and inspection reports. Periodic travel to inspect construction projects. * Performing monthly waterfall calculations including the monitoring of income, operating budgets and leasing status * Handle the collection and remittance of payments * Verification and payment of taxes and insurance * Calculating property/unit release prices and monitoring releases * Portfolio reporting * Coordination with asset managers and borrowers
Ideal Candidate
* 10+ years of commercial real estate loan administration experience * Solid knowledge of complicated loan structures and commercial real estate * Strong organizational, analytical and problem solving skills * Strong interpersonal and verbal/written communication skills * Proficiency with Microsoft Excel and Word * Construction loan experience is required
Compensation and Working Conditions
Reports to Head of Loan Administration

Questions

Answered by on
This question has not been answered
Answered by on

There are no answered questions, sign up or login to ask a question

Want to see jobs that are matched to you?

DreamHire recommends you jobs that fit your
skills, experiences, career goals, and more.