Bridge Investment Group, LLC Debt Strategies Associate, Transaction Management in New York, NY, New York
Who are we?
Bridge Investment Group LLC (“Bridge”) is a leading privately held real estate investment and property management firm that manages over $25 billion in AUM. Bridge combines its 4,100+-person, nationwide, “boots-on-the-ground” operating platform with specialized teams of investment professionals focused on select US real estate verticals, which we believe offer above-market opportunity: Multifamily, Workforce & Affordable Housing, Office, Seniors Housing & Medical Properties, Debt Strategies, and Opportunity Zones. Our principals have been investing in and strengthening communities within the U.S. since 1991 and manage 13 private equity funds as well as separately managed vehicles, co-investments, and joint ventures. Bridge has been recognized for the past three years as one of the “Top 50 Global Private Equity Real Estate Managers" by PEI, a leading industry publication.
We are committed to building and growing a talented and diverse workforce and fostering an inclusive and equitable environment that welcomes individuals from all backgrounds and cultures and appreciates all perspectives. We are highly regarded for the integrity and community responsibility we bring to our work and our culture of empowerment that rewards both individual excellence and collaborative teamwork. Our leadership are seasoned professionals who bring their vast experience and high standards of excellence to their work and they prioritize career progression and take the development of next generation leaders seriously. Given our horizontal scope and vertical integration, Bridge professionals are encouraged to work across functional teams and to embody accountability as they seek to deliver high-quality results through creativity and innovation. As a result, they are deeply specialized and highly versatile with a clear understanding of how their roles fit into a broader context.
Joining Bridge Debt Strategies as an Associate in Transaction Management you will assist with commercial real estate, mezzanine and preferred equity loan closings from the initial term sheet stage through loan closing, warehouse advance, loan securitization and on-going loan asset management. You should have experience to be able to conduct these activities under the supervision of the Transaction Managers. You will work closely with internal business teams, in-house counsel, outside counsel, mortgage brokers, warehouse lenders, securitization counsel, investment management committee members and rating agencies to originate and securitize commercial mortgage loans on commercial real estate properties throughout the United States.
Essential Duties & Responsibilities
Work with the Transaction Managers and with originators to convert loan quotes into loan term sheets
Work with the Transaction Managers to engage outside counsel and work with counsel to implement term sheet conditions into loan documents
Be involved with the negotiation of loan document provisions with borrower and borrower’s counsel
Identify issues to be raised to the business unit and/or credit committee members
Review loan documents and implement internal policies and securitization guidelines to ensure properly originated and securitizable loans
Ensure timely movement and closing of approved loans through the pipeline
Engage and work with insurance consultants on applicable insurance requirements for each loan along with flood insurance, earthquake insurance and windstorm coverage
Assist in the preparation and review of credit committee asset summaries
Maintain internal mortgage management tracking systems
Draft closing statements and work with title company representatives to settlement loans at closing
Obtain closing and wire instructions and authorize closing wires
Work with the Transaction Managers to review and prepare confidentiality agreements
Draft and coordinate warehouse documents and warehouse advances
Organize and review loans for securitization
Keep abreast of industry regulations and changes
Assist in the maintenance and updating of loan documents and internal closing policies
What will you need?
You will have 3+ years of relevant commercial real estate or real estate lending experience with proven experience in full life cycle loan management and closing or similar
Experience with real estate laws, real estate lending and securitization rules and guidelines
Familiarity with property and liability insurance and zoning and land use regulations
Strong ability to interpret and analyze facts, implement policies and guidelines and identify issues
Desire to learn and have a career in real estate finance
You should be prepared to work hard in a fast-paced environment with the ability to work independently and with team members
You will have a dedicated work ethic, proactive attitude and an organized priority driven approach to everything you do
Ability to exercise risk-appropriate judgment, but knows your limits and when to consult a team member or supervisor
Confidence and interpersonal skills to ensure processes work and loans proceed to closing and/or securitization
What will you get?
A highly competitive base salary
Bonus based on individual and team performance
The opportunity to work with senior industry leaders closely as well as mentorship
A suite of benefits including comprehensive medical, dental and vision
Generous paid time off including maternity and paternity leave
Job ID: 2021-6002
External Company URL: https://www.bridgeig.com/
Street: 280 Park Avenue, 28th Floor West