Job Description
My client is an established Non-Bank Lender who provides Development Finance and Bridging Loans up to £10m.
Overview:
We are looking for an experienced (5+ years) real estate credit professional / portfolio manager to join our high performing team. Our new team member will be responsible for transaction execution and portfolio management of UK development finance and bridging loans.
Responsibilities:
TRANSACTION EXECUTION.
Working with lenders on the full deal lifecycle including:
* providing insight and input on the creditworthiness of potential development finance and bridging loans;
* preparing and presenting credit papers to the Credit Committee;
* instructing and managing professionals (valuers, IMS/QS and solicitors);
* preparing and reviewing key legal documents (offer letters, facility agreements, security documents);
* driving transactions to completion (including actively managing comprehensive checklist); and
* management of the closing process.
PORTFOLIO MANAGEMENT.
For the existing book of development finance and bridging loans including:
1. managing day-to-day loan processes (including drawdowns, sales and build cost ledgers);
2. negotiating and arranging repayment and extensions directly with borrowers;
3. working on recove...