Associate, CRE Originations
Full-time 140000 - 140000 USD per-year-salaryJob Overview
Bellwether is a global advisory firm that helps businesses solve their most complex challenges and enhance enterprise value. We specialize in formulating and executing dynamic growth strategies through true partnership with our clients. Merging deep industry expertise, advanced analytical capabilities and best-in-class talent, we create value across the business lifecycle, from transaction management to operational transformation. Bellwether specializes in the management, analysis, and reporting of over $40 billion of AUM across a wide range of real estate related assets and corporate platforms in North America, Europe and Asia. Bellwether is privately held and has offices in Los Angeles, Newport Beach, Salt Lake City, London and Dallas.
Overview
The Associate, CRE Originations will support the Torchlight Originations Team, which is responsible for originating the private real estate debt and equity investments in Torchlight’s fund businesses, which includes in office, retail, multifamily, hospitality, and industrial asset classes throughout the U.S. This role will be responsible for assisting with all aspects of originating and structuring complex commercial real estate investments; including stretch senior mortgages, mezzanine loans, preferred equity, distressed debt and common equity, and will take investments from initial inquiry through term sheet.
Torchlight Investors – The firm is an SEC registered investment advisor with over $5.9 billion in assets under management in commercial real estate debt. Since its inception in 1995, the firm has invested over $30 billion in its funds and separate accounts. For additional information please visit https://www.torchlight.com/
Bellwether is a global advisory firm that helps businesses solve their most complex challenges and enhance enterprise value. We specialize in formulating and executing dynamic growth strategies through true partnership with our clients. Merging deep industry expertise, advanced analytical capabilities and best-in-class talent, we create value across the business lifecycle, from transaction management to operational transformation. Bellwether specializes in the management, analysis, and reporting of over $40 billion of AUM across a wide range of real estate related assets and corporate platforms in North America, Europe and Asia. Bellwether is privately held and has offices in Los Angeles, Newport Beach, Salt Lake City, London and Dallas.
Overview
The Associate, CRE Originations will support the Torchlight Originations Team, which is responsible for originating the private real estate debt and equity investments in Torchlight’s fund businesses, which includes in office, retail, multifamily, hospitality, and industrial asset classes throughout the U.S. This role will be responsible for assisting with all aspects of originating and structuring complex commercial real estate investments; including stretch senior mortgages, mezzanine loans, preferred equity, distressed debt and common equity, and will take investments from initial inquiry through term sheet.
Torchlight Investors – The firm is an SEC registered investment advisor with over $5.9 billion in assets under management in commercial real estate debt. Since its inception in 1995, the firm has invested over $30 billion in its funds and separate accounts. For additional information please visit https://www.torchlight.com/
Key Responsibilities
- Collaborate closely with senior team members on a wide variety of financing transactions;
- Conduct real estate valuation and financial analysis, including modeling property and portfolio cashflows in Excel and ARGUS;
- Conduct market research and analysis to support underwriting assumptions and investment strategies;
- Develop market insights and effectively present to senior team members;
- Analyze and complete underwriting property-level operating history and financial statements to assess performance;
- Prepare presentations and investment memoranda, evaluate investment structures, identify strengths and risks, assess market dynamics, and project investment returns; and
- Perform ad-hoc financial analyses, including special projects, at the request of management.
Professional Experience
- A minimum of 3-7 years of relevant experience in real estate investment banking, private equity, or related fields, with a strong preference for asset-level underwriting experience.
- Proficiency in Excel, experience with Argus is highly desirable.
- Strong presentation skills.
Education/Certification
- Bachelor’s degree required, preferably in Business, Finance, Real Estate, Economics or a related field.
Essential Skills & Competencies
- Bellwether seeks to hire entrepreneurial individuals who are highly motivated, mature and intelligent, with demonstrated excellence in prior endeavors. The successful candidate should have:
- Job Knowledge & Technical Ability: A strong interest in commercial real estate and finance/investment along with proven excellence in prior roles. Advanced financial modeling expertise with experience modeling commercial real estate (CRE) assets and capital structures. Broad knowledge of multiple property types and market dynamics.
- Initiative & Dependability: Ability to perform responsibilities independently and proactively, solve problems, and improve processes and/or services. Self-directed, takes initiative and responsibility, ensures completion of tasks.
- Communication: Excellent verbal and written communication skills; strong listening and interpersonal skills. Highly effective at preparing and presenting information both internally and externally to clients.
- Professionalism & Teamwork: Acts with honesty and integrity and maintains confidentiality, adheres to company policies. Promotes a collaborative and productive work environment. Demonstrates team building, support and respect.
Travel Requirements
- Travel to asset and client sites required on an as-needed basis; approximately 1-2 times per month depending on deal list.
Position Details
- Classification: Exempt
- Position Status: Regular, Full Time
- Reports To: Managing Director
- Direct Reports: No
Physical and Mental Demands
- While performing the duties of this job, the employee is regularly required to stand, sit, and walk.
- Must be able to sit at an office workstation for an extended period of time.
- May need to reach, stoop, or kneel to access items.
- Must be able to talk, hear and use wrists, hands and/or fingers frequently and repetitively to operate a computer, telephone and other office productivity machinery.
- Must frequently prepare or inspect documents, and convey details or important instructions or ideas accurately, loudly, or quickly.
- Ability to work independently, and prioritize duties to ensure timely completion. The ability to collaborate is also imperative.
- Requires active listening, critical thinking, making decisions, time management, as well as administration skills.
- Ability to interact in a courteous professional manner at all times.
- Regular, predictable attendance is required.
- The physical and mental demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this position. Reasonable accommodations may be made to enable individuals with disabilities to perform the functions.
Work Environment
- No hazardous or significantly unpleasant conditions (such as in a typical office).
- Moderate noise (i.e., business office with computers, phones, printers and light traffic)
- Indoor business office environment with windows; light foot traffic within work areas
- The work environment characteristics described here are representative of those a teammate encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Benefits
- We offer a comprehensive benefits package that includes:
- Employer-paid Medical, Dental & Vision, with buy-up options available
- Flexible Spending Account, Health Savings Account
- Carrot Fertility Benefit - $10,000 lifetime benefit
- 401k company match 4%, immediately vested
- Generous PTO, 11 Paid Company Holidays & Paid Holiday Office Closure
- 14 weeks Maternity Leave & 12 weeks Parental Leave
- Wellbeing program offerings
- Cell phone reimbursement
- Engaging team events & holiday parties
Intent of Position Description
This position description describes the general nature and level of work required by the position. It is not intended to be an all-inclusive list of qualifications, skills, duties, responsibilities or working conditions of the job. The job description is subject to change with or without notice, and Management reserves the right to add, modify or remove any qualification or duty. Nothing in this job description changes the existing at-will employment relationship between the Company and the employee occupying the position.
Equal Opportunity Employer
Bellwether is an equal-opportunity employer. Bellwether complies with all federal, state, and local laws providing equal employment opportunities, and all other employment laws and regulations. All qualified applicants are considered for employment without regard to an individual's race, color, religion, religious creed, national origin, ancestry, citizenship, physical or mental disability, medical condition (including cancer and genetic characteristics), genetic information, marital status, reproductive health decision-making, sex, gender (including gender identity and gender expression), age, sexual orientation, protected veteran and/or military status, protected medical leaves, domestic violence victim status, political affiliation, or any other status protected by federal, state, or local laws. All candidates must be able to prove eligibility to work in the United States.