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Commercial Loan Restructuring/Workout Specialist to $100K + Bonus (Los Angeles)

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    • Profile: Active since 07/2011
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    • Address:Los Angeles, CA 90024 (map)
    • Date Posted:04/11/14
    • Job Type:Full-time
    • Description:
    • A well established and reputable commercial real estate company in Los Angeles, CA is seeking to hire a seeking to hire a Commercial Loan Restructuring / Workout Specialist. Candidate must have previous experience on the following:

      • Negotiating resolutions of delinquent loans, which may include but not be limited to modifications, discounted payoff, etc.
      • Designing and implementing a workout (rescheduled / forbearance) loan payment plan,
      • Developing appropriate plans and budgets to manage and dis¬pose of foreclosed properties that become non-earning assets
      • Coordinating on-site inspections, engineering studies, or construction bids to bring an unfinished project to completion, if applicable.
      • Oversee the analysis of properties and corresponding markets to recommend appropriate disposition strategies, in accordance with approved policy.
      • Maintaining relationships with commercial real estate brokers, potential purchasers, title and escrow companies, court-appointed receivers, property management companies, and other vendor firms that may become involved in a loan workout situation.
      • Negotiating financing / restructuring terms for troubled projects, for example a loan to a company in bankruptcy reorganization, allowing the borrower to bring the project to completion. In their administrative duties,
      • Directing and coordinating the activities of staff support employees, and prepare reports and forecasts detailing the management and disposition of real estate owned.
      • Analyzing financial statements, business history, and creditworthiness of potential buyers.
      • Assisting with REO sales negotiations, when requested by the REO Department personnel with potential purchasers and their agents.

      Qualifications:

      • BA in business administration, finance, real estate or related fields with a strong record of academic achievement
      • MBA preferred
      • 3-5 years experience with commercial loan workouts
      • Commercial real estate lending experience helpful, but not necessary
      • Excellent interpersonal, organizational, and project management skills
      • Strong negotiating and analytical skills
      • Must have thorough knowledge of real estate project finance, accounting, bankruptcy law, and commercial law dealing with real estate projects
      • Ability to work independently and as part of a team
      • Proficiency in modeling investments in both Argus and Excel preferred.

      Please email your resume today! Compensation is up to $100K *DOE*
    Ad ID: 14002698
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