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VP, Asset Management - Special Assets
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Full-time
- The VP of Asset Management - Special Assets is responsible for proactively managing a portfolio of non-performing loans to ensure the identification & execution of optimal resolution strategy.
- Success in this position will include providing exemplary support to senior management, credit risk management, borrowers and investors by providing workout solutions to bring the loan back into good standing or if necessary, facilitate recovery via note or collateral sale.
- Manage borrower relationships on a portfolio of delinquent and/or distressed multifamily and healthcare mortgage loans including balance sheet, participated, and securitized deals.
- Work with internal parties, legal counsel, borrowers and investors to evaluate, negotiate and execute workout strategies including loan modifications, note sales, foreclosure/deed-in-lieu and REO disposition to maximize recovery and mitigate credit loss.
- Work with third-party property manager and sales broker during REO asset holding period to determine optimum value enhancement strategy and to ensure successful disposition.
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