Silverstein Capital Partners Analyst - Asset Management

SPRING11

Spring11, an affiliate of Newmark provides a full suite of commercial real estate services to a wide range of clients including some of the world’s largest banks, debt and equity funds, REITs, life insurance companies, brokerages, and investors throughout the United States and Europe. Our team consists of over 450 people based in New York, Atlanta, Houston, Boca Raton, Kansas City and Chennai, India.  

JOB DESCRIPTION:

This role will be dedicated to Silverstein Capital Partners (“SCP”).

 

Silverstein Capital Partners (“SCP”) is the lending arm of Silverstein Properties Inc. SCP provides financing for all major product types in growing urban markets throughout North America. Leveraging over 50 years of real estate experience, SCP provides senior loans, bridge loans, subordinate loans, and rescue capital to borrowers on shovel-ready ground-up construction, heavy value-add repositioning, land, and inventory loans.

SCP is seeking an exceptional individual to join its team as an Asset Management Analyst in New York. The ideal candidate for the role has a bachelor’s degree in addition to 1-3 years of experience preferably within a real estate lending platform, investment bank, institutional real estate fund, or an institutionally backed sponsor.

The Analyst will analyze and support all aspects of the SCP platform, including origination, underwriting, and asset management. Based at the Company’s Headquarters in Downtown Manhattan, specific responsibilities will include the following:

ESSENTIAL DUTIES:

• Support the senior asset managers in monitoring each position’s performance relative to underwriting, budget, and covenants within loan documents
• Coordination with and/or management of various third-parties including servicers, borrowers, lenders, and construction consultants, amongst others 
• Manage the draw review process for ground-up construction projects of varying sizes and scopes ranging from single-use, secondary market transactions to high-profile, trophy projects in major metros
• Monitor performance of transitional/value-add operating properties including performing lease analysis, TI/LC and Renovation draw reviews, and loan covenant testing
• Complete quarterly asset updates for various assets
• Update and/or help create credit committee presentation memos for loan modifications
• Work collaboratively to achieve department and firm objectives
• Contribute to the oversight and mentorship of future junior staff members to support an expanding Asset Management platform 

SKILLS, EDUCATION AND EXPERIENCE:

• Bachelor’s Degree in Real Estate, Economics Finance or other related field required
• 1-3 years of experience in commercial real estate is required, including direct experience with investment management, asset management, commercial property management, loan origination and/or underwriting
• Must be proficient in Microsoft Excel and ARGUS experience preferred
• Excellent verbal and written communication skills
• Must possess the financial and quantitative acumen necessary to make well-reasoned, decisive recommendations, as applicable, to senior management
• Ability to work in a fast-paced and quickly changing environment.

 

Salary: $80,000 - $100,000 annually

The expected base salary for this position ranges from $80,000 to $100,000 annually.  The actual base salary will be determined on an individualized basis taking into account a wide range of factors including, but not limited to, relevant skills, experience, education, and, where applicable, licenses or certifications held.  In addition to base salary and a competitive benefits package, this position may be eligible for additional types of compensation including discretionary bonuses and other short- and long-term incentives (e.g., deferred cash, equity, etc.).reformed by employees, and are not to be construed as an exhaustive list of responsibilities, duties, and skills required of personnel so classified.

WORKING CONDITIONS: Normal working conditions with the absence of disagreeable elements

NOTE: The statements herein are intended to describe the general nature and level of work bein

Newmark is an Equal Opportunity/Affirmative Action employer.  All qualified applicants will receive consideration for employment without regard to race, color, religion, sex including sexual orientation and gender identity, national origin, disability, protected Veteran Status, or any other characteristic protected by applicable federal, state, or local law.

Vaccination against COVID-19 is required as a condition of employment. All employees must be fully vaccinated by the time they b