Asset Manager - Grandbridge Real Estate Capital

Job Title

Perform, and supervise others in the performance of, loan administration duties for commercial mortgage loans on behalf of the lender, with a particular focus on the collateral (typically income-producing, real estate). Support the processing of borrower requests as well as the general enforcement of loan

Essential Duties and Responsibilities

• Accurately and efficiently produce required analyses of operating statements and related financial statements of commercial income-producing properties and sponsors, including identifying and researching variances, normalizing and otherwise adjusting the statements, per lender requirements.
• Perform (or review third-party) property inspections to verify sufficient maintenance of collateral, identify and report life safety issues, and other items of deferred maintenance. Prepare and transmit the resulting reports to the lender in a timely fashion (per lender deadlines).
• Support the analysis, underwriting and recommendation of various borrower requests, including but not limited to requests for loan modifications, collateral releases, prepayment, maturity extensions, sales / assumptions and consent to tenant leases.
• Analyze and process borrower requests for releases of funds from various reserve accounts, including but not limited to reserves for replacing capital items, reserves for leasing commissions and tenant improvements, and holdbacks for repairs or improvements.
• Analyze and support the processing of proceeds from insurance loss claims.
• Support the collection of delinquent loan payments, as well as the reporting of same.
• Assist in the accurate and timely maintenance of the loan servicing system database regarding the loan accounting records, collateral-and borrower-related records, or other relevant records.
• Identify and report borrower breaches of loan document requirements and report to managers of the department.

Qualifications

Required Qualifications :

Preferred Qualifications :