Senior Vice President Originator

Job Description

Overview

Headquartered in New York with a nationally-scaled platform, RXR is a 450+ person, vertically integrated investment manager with expertise in a wide array of value creation activities, including acquisitions, asset and portfolio management, property operations, development, construction, leasing, and technological innovation. RXR is an active investor in real estate credit, rental housing, commercial property, and property technology through value-added and opportunistic investment strategies.

Responsibilities

Source, underwrite and analyze credit and financial information to determine investment suitability and credit worthiness
Initial focus: first mortgage bridge lending, primarily in the middle to upper-middle- market multifamily space and the industrial space
Initial focus: subordinate “gap” financing (mezz or pref) behind agency first mortgages
Stay up-to-date on market trends and competitive landscape to identify new business opportunities and provide creative financing solutions
Prepare loan proposals, presentations, and credit memos for loan and investment committees
Manage a loan portfolio and maintain relationships with borrower/clients
Communicate loan decisions, terms, and conditions both internally and to investors and ensure loan documentation is in compliance with company policies and procedures
Provide first class customer service and build long-term relationships with borrowers and counterparties
Manage junior resources in the origination function

Qualifications

Bachelor's degree in finance, business administration, or a related field
At least 8 years of experience in commercial lending, credit analysis, or related field
Experience in commercial real estate debt origination ideally at a combination of a wall-street firm as well as at an alternative lending platform (i.e., a debt fund)
Familiarity with a broad range of credit products including: First mortgage loans (both floating and fixed rate), Bridge loans with business plan execution, Construction loans, Permanent loans on stabilized property, Subordinate debt, Mezzanine loans, Preferred equity
Knowledge of regulatory compliance and lending policies and procedures
Experience with loan documentation and credit underwriting
Ability to evaluate and analyze complex financial statements and tax returns
Strong customer service skills and ability to build relationships with borrowers and counterparties
Strong understanding of credit and financial analysis
Excellent verbal and written communication skills
Ability to work independently and as part of a team

Preferred Qualifications

First mortgage loans (both floating and fixed rate)
Bridge loans with business plan execution
Construction loans
Permanent loans on stabilized property
Subordinate debt
Mezzanine loans
Bonus eligible.
and Education

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