Head of Bridge Loan Asset Management
: Job Details :

Join to apply for the Head of Bridge Loan Asset Management role at Greystone

Greystone is a private national commercial real estate finance company with an established reputation as a leader in multifamily and healthcare finance, with over $12 billion in loan originations in 2024. The firm consistently ranks in the Top 10 for Fannie Mae & Freddie Mac multifamily loan originations and is the #1 Overall HUD Multifamily and Healthcare Lender in the country. Greystone also ranks nationally as a top affordable housing, seniors housing, and small balance loan lender. At Greystone, charity is at the heart of who we are and what we do.

At Greystone, everything we do is driven by our purpose of improving others' lives. We work hard to maintain our ranking as a top national commercial real estate lender, and our culture of caring and support is just as important. We don't just say “Where People Matter” – we lead with this mantra every day to guide our actions and behaviors. Greystone is committed to fostering and preserving a culture of inclusion. Belonging is at the heart of our culture of caring, integrity, and excellence, and is a driving force behind our entrepreneurial spirit and creativity.

We are currently seeking a Head of Bridge Loan Asset Management, who will oversee a newly-created department responsible for the oversight and asset management of the bridge loan portfolio of the Greystone Senior Debt Fund. The Fund invests primarily in loans to owners of multifamily and seniors housing properties, underwritten to be repaid with permanent financing from Fannie Mae, Freddie Mac, and FHA/HUD.

This individual will join a best-in-class bridge lending platform and will lead the effort to re-establish an internal bridge asset management function, currently performed under a third-party services contract expiring in 2025. Greystone's bridge lending platform has originated over $13 billion of bridge loans since 2004, managing a portfolio of 157 bridge loans with an aggregate principal balance in excess of $4 billion.

Primary Duties and Responsibilities:

Report to the head of Greystone Servicing and re-establish/manage a department (8-10 professionals) overseeing the firm's bridge loan portfolio.

Monitor risk profiles and serve as the responsible party for all related deliverables and communications.

Review financial spreads, borrower draw packages, and property site inspections.

Process credit modifications, transfers, and non-assumption consents.

Work with borrowers and stakeholders to identify and resolve credit weaknesses, risks, and defaults.

Evaluate loans for watchlist inclusion.

Monitor borrower compliance with loan documents.

Prepare reports for management, investors, CLOs, and lenders.

Develop modification and workout plans for troubled loans.

Experience, Skills, and Abilities Required:

At least 5 years in a leadership role managing a $1b+ portfolio of floating-rate transitional loans, preferably in the bridge-to-Agency space.

Strong knowledge of real estate markets, especially multifamily and seniors housing.

Excellent organizational, communication, and negotiation skills.

A sense of urgency, problem-solving ability, and adaptability.

Bachelor's degree in Finance, Real Estate, or related fields, with 15+ years of relevant experience; a master's degree is a plus.

Greystone values diversity and is an equal opportunity employer. We offer a competitive salary range of $200,000 to $250,000, with a discretionary bonus based on performance.

#J-18808-Ljbffr