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Managing Director, Loan Origination
- SitusAMC (New York, NY)
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SitusAMC is where the best and most passionate people come to transform our client’s businesses and their own careers. Whether you’re a real estate veteran, a passionate technologist, or looking to get your start, join us as we work together to realize opportunities for everyone, we proudly serve.
At SitusAMC, we are looking to match your unique experience with one of our amazing careers, so that we can help you realize your potential and career growth within the Real Estate Industry. If you are someone who can be yourself, advocate for others, stay nimble, dream big, own every outcome, and think global but act local – come join our team!
Our client is looking for a Managing Director, CRE originator to source, originate, structure, and close commercial real estate financings across a range of property types for the group’s Large Loan team. The team originates $multi-million / $billion+ loans for securitization/syndication and supports underwriting for the recently established balance sheet program.
ESSENTIAL JOB FUNCTIONS:
+ Develop and maintain strong productive relationships with existing and prospective clients with an emphasis on origination opportunities among regional and national brokerage firms, local developers, high net worth individuals, corporations and other owners and operators in the real estate development and ownership space
+ Prescreen opportunities prior to the sizing, underwriting and documentation process
+ Oversee a deal origination team to prepare and present lending packages for internal credit approval and rating agency/ investor analysis
+ Lead and supervise junior underwriters on the team
+ Create and/or review existing Argus cash flow models; edit assumptions based on actual market data collections and financial review information
+ Review third party reports (appraisal, engineering, environmental, etc.), and identify key issues that warrant further investigation and/or revision
+ Participate in presentations and discussions with clients, mortgage brokers, loan syndication partners, rating agencies, B buyers and mezz lenders regarding loan structure, sponsorship, legal, property, market, pricing, and underwriting issues
+ Assist Capital Markets team to ensure the successful execution/exit of loans, including coordination with rating agencies, investors, and securitization functions
QUALIFICATIONS/REQUIREMENTS:
+ Bachelor’s degree from an accredited institution
+ Strong network of contacts in the CRE industry including mortgage brokers and key decision makers at potential borrowers
+ Proven track record of originating and closing a high volume of CRE loans
+ At least 15+ years’ experience focused on commercial real estate
+ Should have demonstrated ability to lead and supervise junior team members
+ Excellent communication skills, willingness to work as part of a larger team
+ Strong financial modelling / excel skills
Note: This job description is not intended to be all inclusive or exclusive. At any time, employees may perform other related duties as required to meet the ongoing needs of the organization and participate in additional trainings. SitusAMC does not accept unsolicited resumes from staffing agencies, search firms or any third parties. Any unsolicited resume submitted to SitusAMC in any manner will be considered SitusAMC property, and SitusAMC will not pay a fee for any placement resulting from the receipt of an unsolicited resume.
The annual full time base salary range for this role is
$350,000.00 - $450,000.00
Specific compensation is determined through interviews and a review of relevant education, experience, training, skills, geographic location and alignment with market data. Additionally, certain positions may be eligible to receive a discretionary bonus as determined by bonus program guidelines, position eligibility and SitusAMC Senior Management approval. SitusAMC offers PTO and paid holidays, the terms of which are set forth in the program policies. All full time employees also are eligible to participate in various benefit plans, including medical, dental, vision, life, disability insurance and 401K; in each case in accordance with the terms of the applicable plans.
Pay Transparency Nondiscrimination Provision (https://go.situsamc.com/rs/962-QMP-613/images/pay-transp\_%20English\_formattedESQA508c.pdf?version=0)
SitusAMC is an Equal Opportunity Employer. Qualified applicants will receive consideration for employment without regard to race, color, religion, age, sex, national origin, disability, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state, or local laws.
Know Your Rights, Workplace Discrimination is Illegal (https://www.eeoc.gov/sites/default/files/2023-06/22-088\_EEOC\_KnowYourRights6.12ScreenRdr.pdf)
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