BSP Commercial Real Estate Debt AnalystAssociate
BSP Commercial Real Estate Debt AnalystAssociate
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$ 110000 - 160000
1 Vacancy
Job Description
Benefit Street Partners (BSP) is owned by Franklin Templeton a dynamic firm that spans asset management wealth management and fintech giving us many ways to help investors make progress toward their goals. With clients in over 150 countries and offices on six continents youll get exposed to different cultures people and business development happening around the world.
Benefit Street Partners operates independently as a Specialist Investment Manager and is a leading credit-focused alternative asset management firm. Established in 2008 the BSP platform manages funds for institutions high-net-worth and retail investors across various strategies including: private/opportunistic debt liquid loans high yield special situations long-short liquid credit and commercial real estate debt. These complementary strategies leverage the proprietary sourcing analytical operational and compliance capabilities that encompass BSPs robust institutional platform.
Visit to learn more about our company and investment strategies.
Firm Overview:
Benefit Street Partners (BSP) is a leading credit-focused alternative asset management firm with approximately $78 billion in assets under management.
BSPs real estate strategy focuses on originating and managing commercial mortgage loans across the United States and in all segments of the market. BSP is a flexible capital provider originating both floating-rate and fixed-rate loans across the capital structure including first mortgage loans mezzanine loans and preferred equity. BSPs real estate equity capabilities focus on multifamily triple-net lease assets and CMBS B-pieces.
BSPs dedicated real estate team today consists of over 80 professionals with origination underwriting and asset management capabilities that enable it to generate proprietary deal flow. BSPs CRE investment team is located in New York NY.
Position Overview:
Benefit Street Partners Commercial Real Estate (CRE) Debt group is seeking an Analyst or Associate to join its team. The candidate will join the CRE debt originations team and will be responsible for initial deal screening underwriting and pipeline and transaction management for Benefit Street Partners CRE debt investments.
Role and Responsibilities:
Responsibilities include but are not limited to:
Review initial debt deal packages received by the origination team and produce detailed overview of requests for review by originators and underwriters.
Produce initial cash flow modeling of potential debt investments and identify key debt metrics compliance with BSPs investment strategy.
Work directly with originators and internal legal team to draft loan applications.
Manage deal team pipelines throughout all stages of the deal lifecycle.
Draft preliminary Asset Summary Reports (ASRs) for new debt investments to be circulated to CRE Investment Committee.
Assist the CRE debt underwriters in various aspects of underwriting due diligence including but not limited to cash flow modeling market research third party report review and investment committee memorandum drafting.
Liaise with third party diligence providers including insurance consultants search firms title companies appraisers and engineers to provide needed diligence information and ensure timely delivery of reports.
Assist as needed with Benefit Street Partners CRE Asset Management and Capital Market teams various initiatives including ongoing loan monitoring financing and CMBS and CLO securitization.
Qualifications:
The successful candidate will ideally possess:
Bachelors degree in Business or related field
1 to 4 years of experience in commercial real estate with a focus on CRE debt origination and/or underwriting.
Ability to prioritize and meet multiple deadlines
Ability to work in a team oriented fast paced demanding environment
Strong analytical skills
Excellent written verbal and electronic communication skills
# LI-Hybrid
Benefit Street Partners offers employees a competitive and valuable range of total rewardsmonetary and non-monetary designed to support their well-being and recognize their time talents and results. Along with base compensation
employees are eligible for an annual discretionary bonus a 401(k) plan with a generous match and recognition rewards. We also offer a comprehensive benefits package which includes a range of competitive healthcare options insurance and disability benefits employee stock investment program learning resources career development programs reimbursement for certain education expenses paid time off (vacation / holidays / sick / leave / parental & caregiving leave / bereavement / volunteering / floating holidays) and a motivational wellbeing program. We expect the annual salary for this position to range between $110000.00 - $160000.00 depending on location and level of relevant
experience plus discretionary bonus.
Experience our welcoming culture and reach your professional and personal potential!
Our culture is shaped by the variety of perspectives and experiences brought by talent from around the world. Regardless of your interests lifestyle or background theres a place for you at Franklin Templeton. We provide employees with the tools resources and learning opportunities to help them excel in their career and personal life.
By joining us you will become part of a culture that focuses on employee well-being and provides multidimensional support for a positive and healthy lifestyle. We understand that benefits are at the core of employee well-being and may vary depending on individual needs. Whether you need support for maintaining your physical and mental health saving for lifes adventures taking care of your family members or making a positive impact in your community we aim to have them covered.
Franklin Templeton is an Equal Opportunity Employer. We are committed to providing equal employment opportunities to all applicants and employees and we evaluate qualified applicants without regard to ancestry age color disability genetic information gender gender identity or gender expression marital status medical condition military or veteran status national origin race religion sex sexual orientation and any other basis protected by federal state or local law ordinance or regulation.
If you believe that you need an accommodation or adjustment due to a medical condition or disability to search for or apply for one of our positions please send an email to . In your email please include the accommodation or adjustment you are requesting the job title and the job number of the position you are applying for. It may take up to three business days to receive a response to your request. Please note that only accommodation requests will receive a response.
Required Experience:
IC
Employment Type
Full-Time
