The High Income & Alternatives division has more than $100B in assets under management (AUM). The High Income Real Estate Debt Securities group is part of the High Income & Alternatives Division within Fidelity Asset Management. The Real Estate Debt Securities group currently has approximately $10B in assets under management (AUM). This group manages funds and separately managed accounts that invest in common stock, preferred stock, bonds, loans and CMBS on behalf of retail and institutional investors.
You will have direct responsibility for sourcing and executing on high yielding loans secured by commercial real estate. Primary responsibilities include sourcing, underwriting, and negotiating subordinate debt. Prospective candidates should have prior experience in all facets of commercial real estate lending including upfront collateral analysis, loan structuring and closing and ongoing asset management. Familiarity with all the major real estate asset classes is preferred. The role requires a deep understanding of structured finance transactions, specifically mezzanine loan and preferred equity structures and the related documentation.
You will report to the Managing Director of Research, High Income & Alternatives and will be based in Boston.
The Value You Delliver
Grow and maintain a network of origination partners and deal sponsors (owner/operators, sponsors/developers, private lenders, investment bankers, brokers, asset managers) to facilitate a steady flow of investment opportunities
Help with the collection and analysis of market data
Assess credit risk associated with commercial real estate assets
Appropriately determine real estate collateral values
Negotiate term sheets and loan documentation
The Skills & Experience You Bring
7+ years of relevant real estate investment experience, including at least 4 years of real estate loan origination experience
Strong origination partner and deal sponsor relationships
Excellent written and verbal communication skills
Strong financial analytical skills
Comfortable collaborating within a team, but also able to work independently and drive new lending opportunities
Strong work ethic and ability to meet time sensitive deadlines
Willingness to travel
Please see below for the salary range for work locations in Colorado only:
Please see below for the salary range for work locations in New York City, Westchester County, NY and Jersey City, NJ only:
Please see below for the salary range for work locations in California only:
Please see below for the salary range for work locations in Washington only:
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