Vice President
Vice President
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$ 150000 - 165000
1 Vacancy
Job Description
Los Angeles CA On-Site Real Estate
Hankey Capital seeks a Vice President to join the growing team. Hankey Capital a privately held direct lender with $1.7 billion in senior liens held on balance sheet focuses on providing senior bridge loans on commercial real estate in the metro and coastal submarkets of California and south Florida.
The bridge lending platform lends on all major property types in various stages of value-add providing candidates a unique opportunity to directly witness best practices from developers across a wide spectrum of real estate projects in multiple markets all over the state of California. As opposed to conventional lenders servicing stabilized cash flowing properties Hankey Capital focuses on lending during transitional stages of a propertys evolution including lending on land entitlements value-add hotels apartments and senior/assisted living as well as the repositioning of office retail and industrial properties. With a focus on urban and coastal submarkets of California and south Florida Hankey Capital prides itself as a private bank for best-in-class family developers throughout the regions.
With over $2 billion in originations in the last 24 months and on track to continue growing the volume Hankey Capital provides the candidate a phenomenal opportunity to learn grow and excel in the world of real estate finance and development.
Salary Range: $150000-$165000 per year. The exact starting compensation to be offered will be determined at the time of selecting an applicant for hire and will be dependent on a wide range of factors including but not limited to geographic location skill set experience and education.
Responsibilities
What youll do as a Vice President
- With an initial focus on asset management / process management / servicing departments the VP will be expected to touch all workflow processes of the platform from originations to closing to servicing to special servicing and REO management.
- Lead the further development of the in-house proprietary enterprise software system that is currently under development to better manage the loan portfolio workflows and better equip the lending platform to continue scaling up and growing
- Directly manage delinquent loans including corresponding with foreclosure title company on notice of defaults notice of sales outside counsel in BK situations as well as foreclosures.
- Work in conjunction with in-house counsel to document new loans including ones with co-lenders that require co-lending agreements intercreditor agreements subordination agreements recognition agreements etc.
- Assist with the management of real estate owned by the firm as a result of foreclosures by refining a prudent short term and long-term business plan for the asset with the goal to maximize or exceed investment recovery with time value of money in mind
- Implement best practices in the how loans are documented tracked serviced and special serviced.
- Implement best practices in closing diligence processes and checks and balances
- Lead asset management and loan servicing tasks while acting as a liaison between the originations legal servicing and accounting teams
- Work with underwriting team to better standardize underwriting excel templates as well as better incorporate underwriting workflows into the Hub
- Work with underwriting team to better evaluate inbound bridge loan opportunities by focusing on evaluating (1) strength of the assets location within the submarket (2) borrowers business plan to add value and position asset for a refinance exit and (3) borrowers track record and overall creditworthiness.
- Work with underwriting team to research analyze and develop strategies for originations outreach including identifying future lending opportunities such as tranches of maturing debt in the horizon as well as identifying potential new borrowers
- Monitor and track commercial real estate capital market activities in order to better inform the originations team on the pulse of the marketplace
- Assist in promoting the platform to the marketplace including digital social and print media initiatives
- Assist in loan portfolio management including analyzing high level portfolio metrics and improve management efficiencies
- Undertake ad hoc initiatives and projects on behalf the President of the firm
- Candidates will be expected to work 5 days a week in an office environment putting in 45 hours per week
Qualifications
What we look for in our Vice President
- Proactive and positive can-do attitude with a natural drive towards curiosity and learning
- Ideal candidates will have a deep understanding of Californias metro and coastal submarkets
- 7-10 years of experience in similar leadership roles ideally in banking debt funds or mortgage brokering environment
- Proficiency in legal concepts and special servicing best practices of senior liens on commercial estate properties
- Proficiency in Microsoft products including Excel PowerPoint Word and Teams
- Experience with underwriting or direct investing/asset management in multifamily development single family development hotels industrial office and/or retail product types
- Experience with entitlement ground-up development value-add investment across various property types
- Strong written and verbal communication skills
- The ability to work in a fast-paced work environment to meet tight timelines and handle a multitudes of responsibilities
Benefits
What do we offer
- Medical Dental and Vision benefits. Additional benefits such as Life Insurance LTD and Flexible Spending Account.
- 401K plan and Employee Stock Ownership Program (plus company matching).
- Onsite Yoga and Pilates
- Onsite Gym
- UKG Wallet (access to your paycheck before payday)
SUBMIT RESUMES TO:
Required Experience:
Chief
Employment Type
Full-Time
