Deal Transaction Analyst - Real Estate Debt
Company: GLC Group
Location: Boca Raton
Posted on: June 24, 2022
Job Description:
Deal Transaction Analyst - Real Estate Debt:We are looking for a
high energy analyst who will be instrumental in helping our
client's Debt Team manage their loan closing, processing and asset
management business as the debt/lending platform continues to
expand. This position will report directly to the VP of Operations.
This is a very exciting opportunity for someone who is an
experienced closer and may have the interest and capabilities to
expand their responsibilities into asset management. This is a
unique opportunity that can be considered a "hybrid" as it will
also morph into asset management as the loan is carried into the
portfolio.QUALIFICATIONS:2+ Years of experience in Real Estate
Lending or Real Estate InvestingBachelors Degree, Finance or Real
Estate related fieldExcellent EXCEL skillsExperience in
construction lending or loan administrationABLE to WORK In-Office 5
days per week RESPONSIBILITIES:
- Work with 3rd party loan servicers to ensure timely and
appropriate distribution of incoming debt service payments to fund
and credit facility lenders.
- Work with internal construction management team to process
development/renovation loan draw requests.
- Monitor and maintain financial compliance with credit facility
lenders.
- Participate in due diligence of underlying property
historical.
- Analyze borrower/guarantor financial statements both during due
diligence and periodically during the loan term.
- Assist in deal structuring with note on note/credit facility
providers.
- Coordinate with borrower and internal legal/treasury teams to
ensure that necessary bank accounts are established for each
loan.
- Assist with loan closing/funding process (review settlement
statements, coordinate transfer of funds, etc).
- Review financial statements of underlying properties and work
with borrowers to resolve questions. Monitor compliance with all
financial and reporting covenants/requirements.
- Perform valuation analysis for various potential deal
types
- Provide analytical and asset management support on all
properties within the debt platform.
- Coordinate and oversee all necessary third parties for real
state transactions including environment, property condition,
appraisal, lease audit, and legal documents.
- Communicate regularly with underlying borrowers and lending
partners to ensure all loan terms are compliant.
- Analysis of investment real estate organizational documents,
operating statements, rent rolls, mortgage notes, and other
financial related exhibits.
- Maintain outstanding items checklist, review of exhibits
submitted, and detailed organization of collect documents.
- Assist and support loan underwriting functions by analyzing
various items such as financial statements, mortgage credit
exhibits, appraisals, market studies, environmental reports, and
occupancy histories.
- Assist underwriting functions from deal inception through deal
closing.
- Prepare quarterly asset summary reports for the debt/lending
platform portfolio.
- Actively management the debt platforms weekly pipeline
report.
- Prepare and process Reserve Account draw requests in accordance
with the loan documents
- Monitor borrower / property business plans and monthly /
quarterly operating performance.
- Fully understand and able to interpret the covenants and
conditions contained in the loan documents. Ensure compliance with
all investment terms, conditions, tests, thresholds, and report
submission to management.
- Assist in preparing loan committee memorandums, asset summary
reports & presentations, portfolio and financial performance
reports for senior management on fixed and ad-hoc basis
- Maintain overall statistics and financial performance analysis
for the mortgage portfolio. Summarize and analyze reports for
mortgage loans to include, but not limited to analyzing operating
statements on properties, obtaining financial background on
properties, annual reviews, and project variance reports.
- Perform various analyses related to financial performance to
include cash flow projections, cash flow variance and breakeven
analysis.
Keywords: GLC Group, Boca Raton , Deal Transaction Analyst - Real Estate Debt, Professions , Boca Raton, Florida
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