Bedrock Capital Associates LLC is a specialty finance firm focused exclusively on lending solutions for the commercial real estate brokerage community and owners of commercial real estate. Bedrock commercial real estate debt solutions span the entire risk spectrum from transitional to stabilized properties throughout the United States. Bedrock is a wholly subsidiary of One William Street Capital Management, L.P.
Bedrock is searching for an Asset Manager who will have primary responsibilities overseeing a subset of the firms loan portfolio.
Duties and Responsibilities
- Oversee borrower implementation of business plan(s) associated with a variety of real estate-related assets, including first mortgages, mezzanine and bridge loans, REO properties and preferred equity positions.
- Perform financial analysis of properties including operating statements, budget and variance review, loan administration and borrower support, workout and foreclosure analysis, lease analysis, appraisal and engineering report reviews, etc.
- Review and maintain all reporting pertaining to commercial real estate investments
- Prepare quarterly reports, valuations, and risk ratings.
- Assess loan risk within the portfolio and make recommendations to senior management to mitigate the risk.
- Conduct market research to determine various factors impacting property level performance.
- Work closely with senior management in analyzing strategies for workouts, foreclosures, acquisitions and dispositions.
- Review and interpret legal documents, such as loan agreements, guarantees, and promissory notes, and coordinate with borrower and respective staff to ensure the loans remain in compliance.
- Monitor capital improvement projects to ensure timely completion within budgets.