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AVP/VP Portfolio Management - Commercial Lending

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.  

***Please note that this role will be located in Irving, TX reporting into NYC.***

Job Summary:

To oversee/manage an existing portfolio of recently originated commercial real estate bridge loans.  This credit role will work directly with Borrowers, servicers, Credit and Underwriters to manage and loans post closing. The PM will be the Borrower’s point of contact and handle funding requisitions, business plan review, analysis of cash flows and oversight and management of loan data for securitization preparation.

Summary of Essential Job Functions:

  • Perform underwriting analysis to make credit decisions on post-closing loan requests such as lease approvals, amendments, ownership transfers, earnout disbursements, etc.
  • Monitor servicer to ensure financial statements are received in accordance with loan document requirements.
  • Re-underwrite loans per updated financials and provide management reports regarding portfolio performance.
  • Manage client relationship post closing to ensure timely funding of requisitions and borrower requests.
  • Manage legal documentation of amendments and other updates/changes to loan documentation.
  • Periodic site visits (some travel required).
  • Prepare quarterly loan reviews for management.
  • Additional responsibilities per management request

Primary Success Measurements:

  • Quality and timing of analysis/decision making regarding borrower post-closing loan requests
  • Effective oversight of servicer ensuring receipt of financials and timely customer responses
  • Manage quality and efficiency of data dissemination for portfolio reviews

Supervisory Responsibilities:  None

Primary Success Measurements:

  • Quality and timing of analysis/decision making regarding borrower post-closing loan requests
  • Effective oversight of servicer ensuring receipt of financials and timely customer responses
  • Manage quality and efficiency of data dissemination for portfolio reviews

Education and/or Experience:

  • Prefer a Bachelor’s degree and  minimum 5 years’ experience in commercial real estate finance/mortgage lending and or portfolio management; or equivalent combination of education and experience, preferred.
  • Significant experience with loan documentation review and commercial real estate servicing
  • Previous asset management, credit underwriting, and/or portfolio management experience

Knowledge and/or Skills:

  • General office skills, including ability to operate a computer and enter data accurately; ability to maintain files and records; and ability to prioritize and perform multiple tasks.  Proficient in Microsoft Office Suite, working with Word and Excel or similar spreadsheet software.
  • Operate other standard office equipment; type accurately at a speed necessary to meet the requirements of the position; organize work, set priorities and exercise sound independent judgment within established guidelines; interpret, apply, explain and reach sound decisions.
  • Ability to prioritize, perform multiple tasks and be a team player
  • Proficiency in excel
  • Proficiency in PowerPoint

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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