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Associate Director / Director of Originations

Ready Capital Structured Finance (RCS), headquartered in New York City, is a nationwide CRE bridge and mezzanine lender offering non-recourse financing on transitional, value-add and event-driven commercial and multifamily real estate opportunities. Led by a veteran team of industry professionals, RCS is a division of a subsidiary of Sutherland. Sutherland, a Commercial Mortgage REIT, is a real estate finance company that acquires, originates, manages and finances commercial real estate loans and real estate-related securities.

Job Summary:

The Associate Director/Director (“Director”) will review loans originated by the production team (“Production Team”) and originate loans with the Production Team in a particular market at the direction of the Chief Production Officer prior to submission to processing to determine strength of borrower and commercial real estate on behalf of the Company.  The Director will use independent analysis, decision-making skills and discretion to originate with the Production Team to achieve loan funding goals. The Director is responsible for origination, sizing, document collection, review and analysis. 

Summary of Essential Job Functions:

  • Financial Analysis: Prepare and/or review financial analysis of loans sourced by the Director and the Production Team, to prepare files for the Production Team and preliminary credit review and prepare soft quote structure and terms.  Structure transactions and identify any issues that need to be resolved prior to preliminary credit review.  Analysis applies to wide range of multifamily and commercial income properties.
  • Production Team Support: Responsible for working with the Production Team to originate loans and support the Production Team through thorough compilation of financial, collateral and credit information leading to efficient issuance of LOIs.   
  • Process Management:  Proactively and effectively manage transactions through a high production environment so that client service levels are achieved on a consistent basis without sacrificing quality.
  • Responsible for maintaining the front end and deal inputs to the pipeline.
  • Facilitate Diligence/Closing:  Assist with credit analysis to get questions answered during the course of the transaction demonstrating strong drive while achieving positive outcomes.
  • Customer Service:  Represent the Company with honesty and integrity while delivering high levels of customer service in all interactions.
  • Projects:  Complete projects as assigned.

Primary Success Measurements:

  • Originate loans and support/originate with the Production Team to maximize productivity.
  • Support credit officers and the Production Team with new loan submissions to increase quality for each transaction. 
  • Internal/External Customer service satisfaction.
  • Growth in the Production Team productivity as measured by monthly ASRs submitted, LOIs issued and LOIs signed, and ultimately deals closed with retained yield performing loan metrics.
  • Quality of work as measured by Chief Production Officer subjective evaluation. 

Supervisory Responsibilities:  None

Qualifications:

The ideal candidate must be a "team player", diligent, detailed oriented, hardworking, flexible and willing to “go the extra mile” in an effort to provide stellar customer service.To perform this job successfully, an individual must be able to perform each essential duty satisfactorily.  The requirements listed below are representative of the knowledge, skill, and/or ability required.  Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Education and/or Experience:

  • Bachelor’s Degree required
  • Minimum of 5+ years of experience in commercial real estate or debt financing, or equivalent.
  • Ability to work on multiple transactions simultaneously and to meet deadlines. Commercial Lending operations, management experience and/or training; or equivalent combination of education and experience.
  • Ability to analyze property financial statements and understand the “bricks and mortar” of an asset.
  • Problem-solver and goal oriented individual.
  • Excellent organization and time management skills.
  • Must possess excellent communication skills (verbal & written).

ReadyCap Commercial is a non-bank, direct portfolio lender offering financing for small balance commercial investment, conventional owner user, SBA 504, multifamily and bridge loan programs nationwide.  Ready Capital Structured Finance available financing ranges from $3.5 to $40 million. With concierge-like personal attention, ReadyCap is set apart by its credit decisions, processing speeds and common-sense, solution-oriented underwriting. 

We see lending differently!

ReadyCap offers a full range of benefits, including competitive salary, comprehensive health plans to choose from including dental, vision coverage, company-paid life & disability insurance policies, business casual dress and a great culture!

ReadyCap is an equal opportunity employer (EOE)!

 

 

 

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