Lima One Capital LLC
Asset Manager
Lima One Capital LLC, Irvine, California, United States, 92713
Job Type
Full-time
Description
This position plays a vital role within the Special Servicing Department and will work closely with the Director of Servicing Operations, and the Portfolio Management team to analyze risks within a portfolio of business purpose loans with the goal of mitigating potential losses. This position will report directly to the Director of Servicing Operations.
Responsibilities:
The selected candidate will be responsible for the various asset management activities in analyzing, monitoring, and evaluating projects. The Asset Manager will manage a portfolio of criticized and distressed commercial real estate loans, across multiple property types, with risk management and loss mitigation as primary objectives. Administer the workout or exit of complex transactions through restructuring debt, negotiating settlement agreements, pursuit of appropriate legal action and/or collateral liquidation through note sales. The positions could be responsible for all product types, which include Multifamily, New Construction, Fix & Flip, and Rental loans. The selected candidate will be responsible for the various asset management activities in analyzing, monitoring, and evaluating projects within any phase of the product lifecycle. Responsible for minimizing potential losses to the company by identifying areas of concern and/opportunities, and reports on potential and/or known issues and implements solutions. This person provides continuous monitoring of risks in the portfolio and proposes action plans directed towards resolving further potential deterioration. Create, generate, and maintain monthly and quarterly asset performance reports for internal and external use. Travel to designated assets to gain an understanding of condition and to meet with sponsors, vendors, appraisers where required. Prepare recommendations on troubled assets for presentation to senior management and investors. Monitoring of delinquencies, operating statements, watchlists, and collateral condition reports. Other duties as assigned. Requirements
Requirements:
Bachelor's Degree in Finance, real estate or related field is preferred 5-7+ years of asset management or other related field. Prior experience in private lending is preferred. Must understand loan documentation, and real estate on a business level. Provide an excellent customer experience to internal and external clients. Ability to perform detailed research and follow through to completion. Strong organization and time management skills Strong problem solving, data collection, analysis, and decision-making skills. Must be proficient in Microsoft Excel Ability to work under minimum supervision and manage tight deadlines. What We Offer:
Competitive salary Bonus opportunity Amazing Culture Medical, Dental and Vision benefits Life, Short-Term Disability, Long-Term Disability Additional benefits such as Pet, Hospitalization and Accidental Insurance 401K with company match Excellent training PTO, sick days and holidays Parental Leave Growth opportunities Great location Paid parking
About Lima One Capital:
Lima One Capital is the nation's premier lender for real estate investors. Recognized by the Inc.5000 as one of America's fastest growing companies, Lima One specializes in providing real estate investors with financing for their rental, fix-and-flip, multifamily properties, and new construction. The company, founded by Marines, is distinguished as one of South Carolina's Best Places to Work and Top Workplaces. Lima One is headquartered in downtown Greenville, South Carolina, and markets its lending products over a national footprint of 46 states and the District of Columbia. Learn more about us at limaone.com.
Lima One Capital does not sponsor H1B Visas. To be considered for employment, a candidate must be authorized to work in the United States for any employer and not require sponsorship, now or in the future.
Salary Description
$86,000 - $153,000
Full-time
Description
This position plays a vital role within the Special Servicing Department and will work closely with the Director of Servicing Operations, and the Portfolio Management team to analyze risks within a portfolio of business purpose loans with the goal of mitigating potential losses. This position will report directly to the Director of Servicing Operations.
Responsibilities:
The selected candidate will be responsible for the various asset management activities in analyzing, monitoring, and evaluating projects. The Asset Manager will manage a portfolio of criticized and distressed commercial real estate loans, across multiple property types, with risk management and loss mitigation as primary objectives. Administer the workout or exit of complex transactions through restructuring debt, negotiating settlement agreements, pursuit of appropriate legal action and/or collateral liquidation through note sales. The positions could be responsible for all product types, which include Multifamily, New Construction, Fix & Flip, and Rental loans. The selected candidate will be responsible for the various asset management activities in analyzing, monitoring, and evaluating projects within any phase of the product lifecycle. Responsible for minimizing potential losses to the company by identifying areas of concern and/opportunities, and reports on potential and/or known issues and implements solutions. This person provides continuous monitoring of risks in the portfolio and proposes action plans directed towards resolving further potential deterioration. Create, generate, and maintain monthly and quarterly asset performance reports for internal and external use. Travel to designated assets to gain an understanding of condition and to meet with sponsors, vendors, appraisers where required. Prepare recommendations on troubled assets for presentation to senior management and investors. Monitoring of delinquencies, operating statements, watchlists, and collateral condition reports. Other duties as assigned. Requirements
Requirements:
Bachelor's Degree in Finance, real estate or related field is preferred 5-7+ years of asset management or other related field. Prior experience in private lending is preferred. Must understand loan documentation, and real estate on a business level. Provide an excellent customer experience to internal and external clients. Ability to perform detailed research and follow through to completion. Strong organization and time management skills Strong problem solving, data collection, analysis, and decision-making skills. Must be proficient in Microsoft Excel Ability to work under minimum supervision and manage tight deadlines. What We Offer:
Competitive salary Bonus opportunity Amazing Culture Medical, Dental and Vision benefits Life, Short-Term Disability, Long-Term Disability Additional benefits such as Pet, Hospitalization and Accidental Insurance 401K with company match Excellent training PTO, sick days and holidays Parental Leave Growth opportunities Great location Paid parking
About Lima One Capital:
Lima One Capital is the nation's premier lender for real estate investors. Recognized by the Inc.5000 as one of America's fastest growing companies, Lima One specializes in providing real estate investors with financing for their rental, fix-and-flip, multifamily properties, and new construction. The company, founded by Marines, is distinguished as one of South Carolina's Best Places to Work and Top Workplaces. Lima One is headquartered in downtown Greenville, South Carolina, and markets its lending products over a national footprint of 46 states and the District of Columbia. Learn more about us at limaone.com.
Lima One Capital does not sponsor H1B Visas. To be considered for employment, a candidate must be authorized to work in the United States for any employer and not require sponsorship, now or in the future.
Salary Description
$86,000 - $153,000