We are currently seeking a Dispositions Associate to coordinate and execute on the sale of distressed loans and REO assets. This position will be a key player on the dispositions team for Real Estate and will run point on managing the sale process for CMBS and some third-party assets throughout the USA.
Responsibilities:
• Review financial analyses and BOVs from third-party brokers on assets identified for sale, with a view toward identifying the optimal brokerage team and sale strategy
• Assist with preparation and review of offering memorandums for asset and loan sales, including auction site setup and diligence vault setup
• Respond to potential buyers regarding asset and market-related questions
• Assist with questions regarding purchaser due diligence efforts
• Assist asset managers with closing loan and REO sale transactions, including asset-level prorations, managing buyer interactions, and working with relevant transaction parties. This includes sale counsel, title companies, asset manager, third party property managers, franchisors/brands, and asset-level leasing brokers
• Track critical dates and ensure compliance with deadlines during the due diligence and closing periods
• Work with title companies and sale counsel to generate and execute on settlement statements
• Address/resolve post-sale issues
Required Skills:
• Understanding of commercial real estate valuation methodologies and the ability to discuss such with transaction parties
• Ability to manage multiple stakeholder relationships within a transaction
• A focus on details and organization is critical as the position will work with multiple asset managers and transaction parties at a fast pace
• A high sense of discretion and confidentiality
• Exhibit and possess strong oral and written communication skills
• Proficiency in Microsoft Office required, ARGUS training and/or experience a strong plus
Experience:
• Bachelor’s degree in finance with a focus in Real Estate or a related discipline
• Minimum of 3-5 years of applicable work experience
