Senior Associate
Senior Associate
Employer Active
Job Alert
You will be updated with latest job alerts via email
Share
Job Alert
You will be updated with latest job alerts via email
Not Disclosed
Salary Not Disclosed
1 Vacancy
Job Description
Los Angeles CA On-Site Real Estate
Hankey Capital seeks an Associate to Senior Associate 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: $1200000-$135000 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 Senior Associate
- Working in a tight knit small group of highly productive team members in a fast paced in person work environment the new Associate will have the opportunity to contribute on originations underwriting loan management and asset management.
- For the originations the new Associate will evaluate inbound bridge loan opportunities including reviewing business plans underwriting property level valuations researching sales and rent comparables understanding demand drivers and coordinating diligence.
- Using MS Excel generate financial pro forma projections including cash flow models and discounted cash flow analysis for all major property types (experience with ground up development of multifamily / single family housing and value-add hotels preferred)
- Work with underwriting team to better incorporate underwriting work flows into the Hub to improve loan management processes
- For asset management the new Associate will spearhead and develop business plans for any foreclosed real estate properties including development sites or existing value-add assets
- 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
- 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 Senior Associate
- 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
- 2-5 years experience in similar analyst / senior analyst roles ideally in real estate investment CRE banking debt funds or mortgage brokering environment
- Proficiency in Microsoft products including Excel Powerpoint Word and Teams
- Experience with underwriting or direct investing 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:
Senior IC
Employment Type
Full-Time
