Job Description

Macdonald & Company has been exclusively retained by a leading national real estate investment, development, and management company focused on the Multifamily sector to appoint a Debt Originations Associate.

The Debt Originations Associate’s primary responsibility will be assisting the team in sourcing,

negotiating, closing, and managing construction debt, JV equity and project refinancing across the

21 markets where the company develops, builds, and acquires properties.

Essential Functions/Responsibilities

• Prepare construction debt financing strategies and financing solicitation packages.
• Assist in closing debt and equity for new development communities and acquisitions communities across the country, with a focus on Western U.S. offices.
• Assist in closing debt modifications and refinances for development and acquisition communities across the county, with a focus on Western U.S. offices.
• Track the status of debt solicitation processes, assist in providing lender due diligence, and follow-up as needed to ensure timely loan closings.
• Participate in drafting and of review Investment Committee Meeting memos as requested and review all memos for accuracy.
• Participate in drafting and review of loan documents and exhibits as requested and review for accuracy.
• Provide debt information as requested and work with Capital Markets and various internal groups to track interim property tests, guaranty burn offs, loan extensions and other information required to proactively manage our portfolio properly.
• Assist with lender and equity partner ad-hoc reporting, questions, and other requests related to financed projects.
• Participate in financing conversations with equity partners, Asset Management, Portfolio Management, Development and/or Accounting.
• Support Development, Accounting, and Treasury teams to ensure proper execution of loan draw requests, payments, covenants and other requirements.
• Run detailed sensitivity analysis for loan covenants and extension tests.
• Prepare interest rebalancing projections and assist in negotiating loan rebalancing requests.
• Assist with interest rate hedging for construction loans.
• Coordinate lender approvals for retail leases nationwide.
• Assist in maintaining contact relationship management database for lenders.
• Assist in developing and maintaining relationships with providers of construction debt, bridge and permanent financing.

Education and/or Experience

• Undergraduate degree required
• Minimum of 3 years real estate finance experience
• Experience in commercial real estate lending or construction lending preferred
• Multifamily experience preferred

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