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About the Role
The Vice President, Asset Management – Debt & Alternatives is part of Harbor Group’s Asset Management group, managing the company’s direct equity, preferred equity, and debt portfolio investments. This role involves acting as an asset manager for a portfolio of debt and alternative investments, including pooled mortgage vehicles, whole loans, mezzanine loans, preferred equity, and other structured investments.
Responsibilities
- Manage all performance aspects of their portfolio including portfolio and investment surveillance and reporting, servicer/borrower/sponsor interface, loan compliance, and servicing.
- Work closely with the Transactions, Legal, and Investor Relations teams on new acquisitions and the oversight of portfolio investments.
- Collaborate with the Finance team related to cash management and payment collection.
- Manage Freddie Mac bond portfolio, including overall portfolio management, bond-level and loan-level surveillance and watchlisting, and capital markets related activities.
- Evaluate and handle DCH approval requests and work with special servicers to formulate, negotiate, and execute loan modifications/restructures, loan assumptions, DIL/foreclosures, guaranty claims, and REO asset recovery plans.
- Review monthly reports received from the trustee and/or servicers, focusing on early issue identification and proactive resolution.
- Conduct regular/monthly loan portfolio reviews with special servicers, focusing on servicer and internally designated watchlist loans, large loans, and other loans of interest.
- Actively monitor monthly remittance reports, including loan repayments, trust advances and interest on advances, and senior class participations, to maximize total bond-level investment returns.
- Assess and respond to DCH approval requests in consultation with the Co-Head of Asset Management and Special Servicing Committee.
- Ensure compliance with agreements between HGI and other parties such as the special servicer and institutional investors.
- Collaborate with the Transactions team and others with respect to repo facilities and warehouse lines.
- Monitor the performance of each investment including detailed reviews of monthly financial and operating reports and regular updates with servicers/sponsors/property managers.
- Conduct regular site visits and market research to assess and critically evaluate the underlying collateral.
- Serve as the primary point of communication with the servicer/borrower/sponsor.
- Formulate, negotiate, and execute loan modifications/restructures, DIL/foreclosures, guaranty claims, and REO asset recovery plans.
- Oversee loan draws and the administration of escrow accounts.
- Monitor key dates and compliance requirements from all underlying documents including trust documents, loan documents, inter-creditor agreements, operating agreements, etc.
- Ensure that all reporting deadlines and other compliance requirements are met by the servicer/borrower/sponsor and monitor any other performance requirements such as DSCR tests, escrow replenishment requirements, etc.
- Review and approve budgets and other items as required by the governing documents.
- Maintain credit/loan servicing files.
- Support and participate directly in the preparation of all monthly reporting materials.
- Effectively and professionally communicate with, present to, and respond to questions from senior executives, large institutions, investors, lenders, and partners.
- Participate directly in the quarterly/annual valuation, audit, and all compliance reporting processes.
- Participate in the administration and management of securitizations and other credit instruments relating to the whole loan portfolio and other investments.
- Ensure that all loan/security payments are received.
- Make recommendations related to investor distributions.
- Oversee and lead work outs, loan modifications and restructurings for assigned loans as needed.
- Directly oversee and manage assigned Analyst and/or Associate staff and support the training and development of junior level team members within the group.
Requirements
- A demonstrated track record overseeing multifamily property leasing, operations, and capital improvements, on a direct equity and/or REO basis, alongside experience working with mortgage loan documents and other credit instruments, is fundamental to the role.
- Bachelor’s degree is required.
- A minimum of 7-10 years of real estate asset management experience, with demonstrated track record of asset-managing direct equity investments and alternative investments including some or all of the following: real estate securities, whole loans, senior and junior mezzanine loans, and/or preferred equity.
- Multifamily property sector experience is required.
- Superior analytical and problem-solving skills, with experience in providing creative and innovative solutions to real-time challenges.
- An investment mindset with a thorough understanding of financial calculations such as NPV, DCF, and IRR.
- Must be well-versed in project proformas and understanding deals, and able to articulate, both orally and in written form, the case for a specific project.
Skills
- Real estate securities
- Whole loans
- Senior and junior mezzanine loans
- Preferred equity
- Multifamily property sector experience
- Commercial property experience
- Working with special servicers
- Freddie Mac B-piece securities
- Working with sale brokers, mortgage brokers, and other providers of financing
- MS Excel
- MS Word
- Argus
- Yardi
- Claude
- Other AI-agents
Location
- New York, NY
- Richardson, TX
Work Type
- Onsite
Experience Level
- 7-10 years of real estate asset management experience
Education Level
- Bachelor's degree required
- MBA or Master's in Real Estate or other relevant field preferred
Salary/Compensations
- Compensation range is location based
Benefits
- Competitive Salaries & Bonuses
- Medical, Dental & Vision Plans
- 401(k) Plan with Employer Matching Contributions
- Paid Time Off (PTO) & 10+ Paid Holidays
- Paid Parental Leave
- Paid Birthday Off (Multifamily)
- Flexible Spending Accounts
- Company-Paid Long-Term Disability
- Company-Paid Life Insurance
- Short-Term Disability
- Health Savings Account with Employer Contributions
- Pre-Tax Commuter Benefit (Corporate)
- Wellness Perks
- FinFit Financial Wellness Program
- Legal Resources
- Employee Apartment Discount
- Employee Referral Program
- Employee Assistance Program
- Tuition Reimbursement
- Insta Pay Eligible
- Volunteer & Community Service Opportunities
- Employee Recognition & Awards
About the Company
- Harbor Group International (HGI) is a leading global private equity real estate investment manager, with $21 billion in assets under management.
- HGI's vertically integrated platform offers a broad range of both direct real estate and credit strategies across the risk/return spectrum.
Equal Opportunity
- Harbor Group Management is proudly an Equal Opportunity Employer EOE/M/F/D/V. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability or protected veteran status.