Associate, CPACE at Bayview Asset Management | NY, US | Rezi

Associate, CPACE at Bayview Asset Management

Associate, CPACE

Bayview Asset Management · NY, US

2 weeks ago

Associate, CPACE

Bayview Asset Management · NY, US

18 days ago
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About the Role

The Associate, CPACE – Underwriting & Transaction Management is responsible for underwriting, structuring and executing commercial real estate PACE financings nationwide. This role combines credit analysis, transaction structuring, diligence, co-lender coordination, and execution management for complex real estate transactions. The Associate manages day-to-day transaction execution and escalates material decisions for approval. The ideal candidate is self-motivated, organized, detail-oriented, and capable of managing multiple transactions in a fast-paced environment.

Responsibilities

  • Build and review transaction-level financial models.
  • Evaluate property fundamentals, market conditions, and sponsor financial strength.
  • Determine CPACE eligibility and preliminary sizing.
  • Prepare greenlight, investment committee, and credit memoranda.
  • Develop and evaluate CPACE/CRE funding structures.
  • Analyze intercreditor and participation arrangements with senior lenders and partners.
  • Participate in negotiations of key commercial terms.
  • Lead collection and review of transaction due diligence.
  • Identify discrepancies and track issues to resolution.
  • Review construction and operating assumptions.
  • Coordinate specialist reviews and evaluate findings.
  • Serve as a day-to-day transaction contact.
  • Own execution timelines, closing checklists, and internal approvals.
  • Coordinate document drafting and review of business terms.
  • Work with legal counsel on financing and closing documents.
  • Coordinate closing conditions, funding sources, and post-closing handoffs.
  • Coordinate with SVP of originations on active opportunities and deal priorities.
  • Maintain accurate pipeline reporting and organized transaction records.
  • Manage day-to-day follow-up and communication with borrowers and brokers.
  • Provide guidance and quality review to junior analysts.
  • Improve underwriting templates, diligence processes, and internal workflows.

Requirements

  • Advanced Excel modeling skills.
  • Strong quantitative, analytical, and commercial real estate credit skills.
  • Understanding of construction finance, CPACE program requirements, capital stacks, lender protections, and complex transaction structures.
  • Ability to interpret third-party diligence, identify material risks, and communicate actionable recommendations.
  • Strong written and verbal communication skills.
  • Strong negotiation skills.
  • Strong organization skills.
  • Strong cross-functional project management skills.
  • Ability to manage multiple transactions independently while exercising sound judgment and seeking appropriate approvals.
  • Experience with CoStar, RCA, Salesforce, or comparable market research and CRM platforms.

Skills

  • Excel modeling
  • Quantitative analysis
  • Analytical skills
  • Commercial real estate credit
  • Construction finance
  • CPACE program requirements
  • Capital stacks
  • Lender protections
  • Complex transaction structures
  • Third-party diligence interpretation
  • Risk identification
  • Communication
  • Negotiation
  • Organization
  • Project management
  • CoStar
  • RCA
  • Salesforce
  • CRM platforms

Location

  • New York, NY

Work Type

  • Remote on Fridays
  • Hybrid

Experience Level

  • 4-6 years of relevant experience
  • CPACE experience a plus

Education Level

  • Bachelor’s degree in business administration, real estate, economics, engineering or math field
  • Demonstrated interest in real estate finance

Salary/Compensations

  • $120,000-$150,000
  • Performance-based bonus

About the Company

  • Bayview is an Equal Employment Opportunity employer.

Equal Opportunity

  • All aspects of consideration for employment and employment with the Company are governed on the basis of merit, competence and qualifications without regard to race, color, religion, sex, national origin, age, disability, veteran status, sexual orientation, or any other category protected by federal, state, or local law.