Associate Sr. Associate, Debt Capital Markets

LivCor

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profile Job Location:

Chicago, IL - USA

profile Yearly Salary: $ 140000 - 180000
Posted on: 30+ days ago
Vacancies: 1 Vacancy

Job Summary

LivCor a Blackstone portfolio company is a real estate asset management business specializing in multi-family housing. Formed in 2013 and headquartered in Chicago LivCor is currently responsible for a portfolio of over 400 Class A and B properties comprising more than 150000 units in markets across the United States.

Our business is focused on making real estate more valuable. But for us its more than that. Its people first community always. Its a life-filled career not just a career-filled life. Its doing good work with good humans and making a difference. Its excellence in all its forms. Ultimately we create great places to work live and grow. We do that by focusing on leaving people and places better than we found them.

Whew! Still with us Cool. Lets talk about where youd fit in:

Only read further if you are:

  • Kind
  • Humble
  • Honest
  • Relentless
  • Smart with Heart

You should be:

  • Authentic. You do you. Together well do something amazing.
  • A passionate personwith a love for real estate and investing; and believes that helping others win is a noble cause essential to our success.
  • An excellent team playerwho enjoys working with others and has strong interpersonal skills.
  • Highlymotivatedenergeticandorganized

We are looking for someone to join the most active multifamily platform in the industry. Since 2018 the platform has transacted more than $21 billion in multifamily assets. As an Associate or Sr. Associate Debt Capital Markets you will be responsible for handling a wide range of analytical origination and reporting activities relating to Blackstones secured loan facilities and for efficiently coordinating with Blackstone Capital Markets colleagues and other internal groups including Operations Treasury Accounting and Legal. This person will be required to develop a deep understanding of the diligence reporting and operational requirements of the various loan facilities and will communicate responsively and effectively with lenders servicers and with addition to unmatched transaction experience you will collaborate with seasoned real estate investors across the LivCor and Blackstone teams. Furthermore you will have the opportunity to leverage the platforms competitive advantage via proprietary business intelligence and a suite of in-house specialist teams including Asset Management Redevelopment CapEx Revenue Management Operations Financial Planning & Analysis Marketing Strategic Initiatives as well as access to industry leading technology solutions.

This role will report to the head of Debt Capital Markets. This hire will need to employ entrepreneurial critical thinking skills in tandem with senior leaders as the debt capital markets function is developed from the ground up. Being a self-starter and a go-getter is a must - the hire will have the opportunity to become a junior leader that operates somewhat independently upon demonstration of skillsets/capabilities.

What you will do:

  • Provide critical support in the origination of new debt facilities including CMBS Agency and Balance Sheet loans:

    • Prepare financial models for lenders

    • Analyze and stratify property portfolios with Blackstone and prepare summaries for internal and external purposes

    • Coordinate and organize the collection of diligence materials for lenders in online data rooms

    • Coordinate third-party diligence reporting

    • Coordinate with Asset Management Accounting and Blackstone Capital Markets in supplying information required by lenders

  • Manage undertake and communicate results of key recurring analytical activities including:

    • Quarterly/annual financial reporting to lenders and loan servicers using Yardi systems and models

    • Regular and ad-hoc financial and other reporting to Head of Transactions and to Blackstone

    • Address lender inquiries

    • Calculate paydown amounts for collateral releases

    • Manage data and reporting for debt management system

  • Assist in the development of dashboards and financial models.

  • Provide input on the development/creation of workflow infrastructure for all the previously noted daily activities.

  • Help to train and mentor junior team members.

  • Partner with the head of debt capital markets on LivCor-wide strategic initiatives

What you should have:

  • 4-7 years of successful and relevant underwriting debt experience including CMBS Balance Sheet Debt Fund or Agency execution

  • Excellent analytical skills and good judgment

  • Strong organizational interpersonal and communication skills including both independence and the ability to coordinate effectively with colleagues across the organization

  • Ability to manage and prioritize multiple assignments

  • Knowledge of underwriting real estate fundamentals and sensitivity analysis on rents value and interest rates.

  • High proficiency in Microsoft Excel (including complex formula composition and data organization/management) with experience in Yardi and other common Microsoft Office applications (Word and PowerPoint)

  • Bachelors Degree required

What we offer:

We believe that when we take care of our people everything else follows. Were committed to clear expectations honest feedback and helping you grow. Thats why we foster a culture thats collaborative inclusive and refreshingly ego-free. We are good neighbors that lead with empathy embrace curiosity and put trust at the heart of everything we do. Together we strive for excellence.

We deeply value diversity in all its forms. We want people who sound think love and live differently from one another. This isnt a footnoteits foundational.

Now on to the practical stuff:

  • Generous 401(k) matchto help you plan for the future

  • Fertility adoption and surrogacy supportto grow your family your way

  • Comprehensive health benefits including medical dental and vision

  • Hybrid work modelwith offices inChicago NYC and Atlanta

The LivCorian Values:

Be you. Be Real. Be Open. You do you. Together we will do something amazing.

Care Always. We dont want to let anyone down.

Courageously Curious. We love to learn even when it hurts.

Help Others Win Be A Good Neighbor. This is about We not Me.

Relentless Hustle Heart & Humility. Work hard. Be Kind. Make Better.

LivCor is proud to be a US EPA ENERGY STAR Partner

Base Compensation Range:

$140000.00 To $180000.00 Annually. This represents the presently-anticipated low and high end of the Companys base compensation range for this position. Actual base compensation range may vary based on various factors including but not limited to location and experience.

Total Direct Compensation: This job is also eligible for discretionary bonus and incentive compensation on an annual basis.

Benefits: The Company provides a variety of benefits to employees including health insurance coverage retirement savings plan paid holidays and paid time off (PTO).

The additional total direct compensation and benefits described above are subject to the terms and conditions of any governing plans policies practices agreements or other materials or documents as in effect from time to time including but not limited to terms and conditions regarding eligibility.

Please review the job applicant privacy notice here.

EEO Statement

LivCor is an equal opportunity accordance with applicable law we prohibit discrimination against any applicant employee or other covered person based on any legally recognized basis including but not limited to: veteran status uniformed servicemember status race color caste immigration status religion religious creed (including religious dress and grooming practices) sex gender gender expression gender identity marital status sexual orientation pregnancy (including childbirth lactation or related medical conditions) age national origin or ancestry citizenship physical or mental disability genetic information (including testing and characteristics) protected leave status domestic violence victim status or any other consideration protected by federal state or local law. We are committed to providing reasonable accommodations if you need an accommodation to complete the application process please email


Required Experience:

Senior IC

LivCor a Blackstone portfolio company is a real estate asset management business specializing in multi-family housing. Formed in 2013 and headquartered in Chicago LivCor is currently responsible for a portfolio of over 400 Class A and B properties comprising more than 150000 units in markets across ...
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