Careers
Tremont Realty Capital is a Boston-based, national real estate investment and advisory firm, which makes direct debt and equity investments and provides institutional advisory services. Direct programs include high leverage bridge loans, short and long term mezzanine loans and equity capital. Tremont provides a very energetic, dynamic and gratifying work environment with opportunities for professional growth.
Tremont Realty Capital’s compensation is competitive with today’s marketplace. In addition, Tremont also offers an extensive benefits package.
Asset Manager in Downtown Boston Office
Summary of Position:
This position is responsible for performing or managing all aspects of loan and REO asset management.
Principal Duties and Responsibilities:
Existing Loans and REO:
- Prepare and implement business plans to lease and improve properties
- Participate in work out and foreclosure activities
- Review and act on monthly reporting, maintain a regular dialog with borrower and monitor market dynamics
- Hire and manage property management, leasing and other professionals necessary to maintain and improve properties
- Perform quarterly valuation and reporting to Tremont’s capital partner
- Ensure borrower compliance with critical dates and key provisions in the loan documents
- Review and approve budgets and leases
- Conduct property inspections
- Day to day asset related contact with lawyers, borrowers and Tremont’s capital partners
New Loans:
- Perform due diligence on each loan:
- Quickly gather information and become the expert on the market, property and borrower
- Critically review pro forma assumptions and model the deal
- Engage, manage and review third party vendors and their work product
- Critically review all agreements (loan, lease, management, operating), identify and resolve issues
- Prepare underwriting memo
- Own and control the lender aspects of the closing process
Requirements and Qualifications
- Strong knowledge of loan documentation, property and market dynamics
- Detail oriented and persistent in pursuit of required information
- Advanced financial modeling, written and verbal presentation skills
- Ability to see the big picture and implement at the detail level
- Proactive, persuasive and confident regarding lenders or owners position on issues
- 8 years real estate lending, acquisition and management
- Undergraduate degree, MBA helpful
- Skilled in Argus and Excel software
In addition to the postions listed above, Tremont is always interested in receiving cover letters and resumes from talented candidates with strong resumes reflecting success in the field of commercial real estate finance. Tremont is mainly interested in persons who reside and/or have strong contacts in the following markets: Boston, Chicago, Annapolis (Mid-Atlantic), New York City, Newport Beach (Southern CA), Southern Florida and Texas.
Interested applicants should mail, fax or email their cover letter and resume to:
Tremont Realty Capital
HR Department
30 Federal Street
Boston, MA 02110
Fax: 617.867.0077
Email: hrtremont@tremontcapital.com
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