Associate/Sr. Associate - Debt Capital Markets - LivCor

LivCor, a Blackstone portfolio company, is a real estate asset management business specializing in multi-family housing. Formed in 2013 and headquartered in Chicago, LivCor is currently responsible for a portfolio of over 400 Class A and B properties comprising more than 150,000 units in markets across the United States.

Our business is focused on making real estate more valuable. But for us, it’s more than that. It’s people first, community always. It’s a life-filled career, not just a career-filled life. It’s doing good work, with good humans, and making a difference. It’s excellence in all its forms. Ultimately, we create great places to work, live, and grow. We do that by focusing on leaving people – and places – better than we found them.

Whew! Still with us? Cool. Let’s talk about where you’d fit in:

We are looking for someone to join the most active multifamily platform in the industry. Since 2018, the platform has transacted more than $21 billion in multifamily assets. As an Analyst, Debt Capital Markets, you will be responsible for handling a wide range of analytical, origination, and reporting activities relating to Blackstone’s secured loan facilities, and for efficiently coordinating with Blackstone Capital Markets colleagues and other internal groups including Operations, Treasury, Accounting, and Legal. This person will be required to develop a deep understanding of the diligence, reporting, and operational requirements of the various loan facilities, and will communicate responsively and effectively with lenders, servicers and with Blackstone. In addition to unmatched transaction experience, you will collaborate with seasoned real estate investors across the LivCor and Blackstone teams. Furthermore, you will have the opportunity to leverage the platform’s competitive advantage via proprietary business intelligence and a suite of in-house specialist teams, including Asset Management, Redevelopment, CapEx, Revenue Management, Operations, Financial Planning & Analysis, Marketing, Strategic Initiatives, as well as access to industry leading technology solutions.

This role will report to the head of Debt Capital Markets. This hire will need to employ entrepreneurial critical thinking skills in tandem with senior leaders as the debt capital markets function is developed from the ground up.  Being a “self-starter” and a “go-getter” is a must - the hire will have the opportunity to become a junior leader that operates somewhat independently upon demonstration of skillsets/capabilities.

Only read further if you are:

• Kind
• Humble
• Honest
• Relentless
• Smart with Heart

You should be:

• Authentic. You do you. Together, we’ll do something amazing.
• A passionate person with a love for real estate and investing; and believes that helping others win is a noble cause, essential to our success.
• An excellent team player who enjoys working with others and has strong interpersonal skills.
• Highly motivated, energetic, and organized
• Gumby. Things change.

What you will do:

• Manage two direct reports with a key eye to training, mentoring, and developing skills.
• Partner with the head of debt capital markets on LivCor-wide strategic initiatives.
• Provide critical support in the origination of new debt facilities, including CMBS, Agency, and Balance Sheet loans:
• Prepare financial models for lenders
• Analyze and stratify property portfolios with Blackstone, and prepare summaries for internal and external purposes
• Coordinate and organize the collection of diligence materials for lenders in online data rooms
• Coordinate third-party diligence reporting
• Coordinate with Asset Management, Accounting, and Blackstone Capital Markets in supplying information required by lenders 
• Manage, undertake, and communicate results of key recurring analytical activities, including:
• Quarterly/annual financial reporting to lenders and loan servicers, using Yardi systems and models
• Regular and ad-hoc financial and other reporting to Head of Transactions and to Blackstone
• Address lender inquiries
• Calculate paydown amounts for collateral releases
• Manage data and reporting for debt management system
• Assist in the development of dashboards and financial models.
• Provide input on the development/creation of workflow infrastructure for all the previously noted daily activities.

What you should have:

• 5-10 years of successful and relevant underwriting debt experience, including CMBS, Balance Sheet, Debt Fund or Agency execution
• Excellent analytical skills and good judgment
• Strong organizational, interpersonal and communication skills, including both independence and the ability to coordinate effectively with colleagues across the organization
• Ability to manage and prioritize multiple assignments
• Knowledge of underwriting real estate fundamentals and sensitivity analysis on rents, value, and interest rates.
• High proficiency in Microsoft Excel (including complex formula composition and data organization/management), with experience in Yardi and other common Microsoft Office applications (Word and PowerPoint)
• Bachelor’s Degree required

What we offer:

We know that if we take care of our team everything else will fall into place. We aren’t perfect, but we will try to set very clear expectations, always let you know where you stand, and do everything in our power to help you get where you want to go.

Our culture and values matter to us. A lot. We’re definitely not serious but we take this stuff seriously, if you get what we mean. We want a place that is an ego-free zone. A place where good people do good things together. It shouldn’t be rocket science in workplaces, but for some reason it still is? We’re absolutely determined to be different, and we think we’re doing a pretty good job at it. We have a CEO who makes fun of himself, and who will encourage you to tell him when he is wrong. In fact, he needs people to – we all do. Supportive challenge is good, it’s how we get better. We like getting better. We also love diversity, of all kinds. We need people who look, sound, speak, love, and exist differently from one another. This isn’t at the end of this paragraph because it’s an afterthought. It’s SO important to us we want it to stand out.

Right. On to the technical stuff that we know matters to you. We offer competitive pay that is commensurate with the market and relevant experience, and a full slate of benefits that even includes things like paid parental leave.

If any of this sounds interesting, then maybe we are a fit. Life is too short to work with people you don’t like. So whatever you do, don’t make that mistake.

The LivCorian Values

1. Be you. Be Real. Be Open. You do you. Together, we will do something amazing.
2. Care, Always. We don’t want to let anyone down.
3. Courageously Curious. We love to learn, even when it hurts.
4. Help Others Win, Be A Good Neighbor. This is about ‘We, not Me.’
5. Relentless Hustle, Heart & Humility. Work hard. Be Kind. Make Better.

A few of the people you will work with:

• Jon Korman
• Andy Xue
• Michael Friedland
• Scott Rosen
• Connie Tan

LivCor is proud to be a US EPA ENERGY STAR® Partner

EEO Statement

Our company is proud to be an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees. Our employment decisions are based on individual qualifications, job requirements and business needs without regard to race, color, marital status, sex, sexual orientation, gender identity and/or expression, age, religion, disability, citizenship status, national origin, pregnancy, veteran status and or any other legally protected characteristics. We are committed to providing reasonable accommodations, if you need an accommodation to complete the application process, please email talent@revantage.com.

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