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Analyst, Debt Strategies

Salary
$75,000-$99,999
Employment
Full Time
Work Place
Office
Real Estate Field
Location
New York
 NY
Postal Code
10022
Country
United States

This job is no longer active.

Description


COMPANY DESCRIPTION:

Lightstone, founded by David Lichtenstein, is one of the most diversified privately held real estate companies in the United States. Headquartered in New York City, Lightstone is active in 26 states across the country, developing, managing and investing in all sectors of the real estate market, including residential, hospitality, commercial, and retail. With 174 existing properties, Lightstone’s over $7.5 billion portfolio currently includes over 10.4 million square feet of industrial, logistics, life sciences, and commercial properties, over 22,700 residential units, and over 4,300 hotel keys. Lightstone’s development portfolio includes over $3.5 billion currently under development in the residential and hospitality sectors spread across New York City, Los Angeles, and Miami.

 

LIGHTSTONE CAPITAL DESCRIPTION:

Lightstone Capital (“LSC”) is an alternative commercial real estate lender primarily focused on direct origination of first mortgage bridge loans on transitional commercial real estate assets inclusive of all real estate sectors and domestic U.S. geographies. LSC is a fully integrated lender managing the origination, underwriting/execution, asset management, and loan servicing processes in house. LSC’s corporate headquarters is located in NYC with satellite offices in Dallas and Los Angeles. Though the primary focus of LSC is first mortgage bridge loans, LSC has also been active in mezzanine, note-on-note, and preferred equity investments and continually seeks unique investment opportunities to produce outsized returns. The Debt Underwriting Analyst will work in the NYC Corporate HQ supporting the origination and deal execution teams on the screening, underwriting, and closing process for new investments and will remain involved in the deals through their life cycle.

 

Position Specification                                                                                                                         


ANALYST/ASSOCIATE, DEBT STRATEGIES:

The successful candidate will be responsible for supporting the debt strategies group, supporting the origination and deal execution teams on the screening, underwriting, and closing process for new investments and will remain involved in the deals through their life cycle. The ideal candidate is a motivated self-starter with a strong worth ethic and desire to work in a fast-paced, team oriented and entrepreneurial environment. Candidates must have significant underwriting and/or direct real estate debt investment experience.

 

This position is available for immediate hire and will report to the Senior Vice President, Real Estate Debt Strategies, based in New York City.

 

KEY RESPONSIBILITIES:

  • Responsible for supporting the debt strategies team in underwriting and executing new investments for a wide range of commercial real estate transactions. Investments include senior bridge loans, mezzanine loans, and preferred equity backed by virtually all property types throughout the US.
  • Prepare financial and text analysis on a wide array of real estate debt transactions (as above); organize and manage due diligence and offering materials during the marketing and closing processes; interface with lenders, developers, investors, attorneys, and other third parties.
  • Build Excel models and prepare committee packages for the evaluation of new CRE loan originations and investments. Evaluate investment merits and risks, market dynamics, and projected investment returns.
  • Create and oversee Excel models including cash flow projections, multi-tier IRR waterfall models, sources and uses, project budgets, rent rolls, historical operating statements, rent comps, sales comps, lease expiration schedules, stacking plans, amortization schedules, etc.
  • Assist in the structuring and closing of CRE debt transactions. Credit, legal, market and other diligence.
  • Lead and manage the due diligence efforts through the closing process.
  • Oversee transaction execution, including negotiation of loan documentation.
  • Draft investment memorandums and assist in presenting opportunities to investment committee.
  • Assist in asset management efforts including business plan and asset valuation updates, as well as property inspections.
  • Assist in developing and maintaining the firm’s relationships with real estate brokers, key mortgage bankers, commercial banks, real estate brokers, developers and investors, and other sources of third-party commercial mortgage loan origination opportunities.
  • Participate in deal origination as is appropriate

KEY ATTRIBUTES/EXPERIENCE:

  • Minimum of 1-3 years of relevant commercial real estate debt investment or investment brokerage experience that directly requires valuation of real estate.
  • Experience with CRE debt investment including senior bridge loans, mezzanine loans, and preferred equity is preferred.
  • Self-starter who has the initiative and ability to thrive in an environment that is highly entrepreneurial, and which requires rapid learning, multitasking and prioritizing under tight deadlines.
  • Strong analytical and quantitative skills, including advanced modeling and financial analysis.
  • Ability to understand and interpret complex business documents including financial reports and contracts with the capacity to analyze variances.
  • Excellent deal execution skills, including due diligence, communicating with external parties, and financial abilities.
  • Demonstrated ability to identify key risks, recognize opportunities, and effectively problem solve.
  • Excellent oral and written communication skills; presence and poise.
  • Curious, creative thinker with the ability to think outside the box to find solutions while remaining humble enough to seek assistance when needed
  • Good judgment, perseverance, and stamina.
  • Well-organized; strong independent work ethic with an excellent attention to detail.
  • Proficient in Microsoft Office Suite with an expertise in Excel; familiarity with common commercial real estate data sources (i.e. CoStar, GreenStreet, etc.), ARGUS is a plus.
  • Bachelor’s degree in Real Estate, Finance, or Accounting from a top institution with demonstrated academic excellence. Advanced degree in Real Estate, Finance, or Accounting a plus.                                                                                                                                                                                                                                                                                                            Salary - $80 - $110k, offered salary commensurate with experience
 
 

Experience


1+ to 2 years


This job is no longer active.

Appraisal / Valuation Alternative Investments New York Full Time NY Appraisal, Research/Market Analysis, Underwriting Analyst, Debt Strategies other