Construction Loan Administrator
GreenLake Real Estate Fund
South Pasadena, CA
Salary Estimate: $65,000.00 - $75,000.00
Employment Type: Full Time
Work Place: Office
Experience Required: 2+ to 5 years
Education Required: 4 Year College
Benefits
Job Description
Construction Loan Administrator
The Construction Loan Administrator is essential in the financial oversight and completion of
construction projects, managing funds effectively, and ensuring clear documentation and
transparency in financial dealings.
Company: GreenLake Asset Management LLC
Location: South Pasadena, CA, in-office position
Compensation: Base salary, plus annual bonus
Benefits: Health insurance, dental insurance, 401(k), paid time-off, parental leave.
Salary: $65,000-$75,000 plus bonus
Primary responsibilities
• Process loan disbursement requests.
• Oversee and work closely with 3rd party construction disbursement agent.
• Coordinate all site inspections for loan draws relating to the construction loans.
• Work with legal and title regarding any encumbrances.
• Establish draw schedules and budgets tracking loan approvals, loan documents, and
construction contracts.
• Review inspection reports and follow up with inspectors and borrowers regarding any
outstanding issues.
• Review draw documents for accuracy, and for conformance with budgets and loan
agreements.
• Update ledgers, budgets, and the funding log.
• Understanding of AIA construction documents, and identify and elevate issues contrary
to documentation.
• Contribute as a member of the loan servicing team.
• Respond to routine inquiries from borrowers.
• Implement new initiatives and ongoing progress regarding properties owned.
• Travel to properties for site visits.
Skills/ qualifications
• Bachelor’s degree and minimum three (3) years of prior related working experience
• Proficient in Word and Excel.
• Strong attention to detail and accuracy.
• Exercise sound judgement, and excellent independent decision making skills.
• Excellent communication and organization skills.
• Provide excellent customer service to both internal and external stake holders.
• Ability to adhere to set turnaround time on draw requests.
• Sense of urgency in completing tasks
Key competencies
• Critical thinking
• Independent decision making & sound judgement
• Relationship management
• Detail Oriented
• Ability to observe, perceive, identify, and translate data.
• Ability to converse, and exchange information with all levels of staff within organization.
This job description is not intended to be all-inclusive and the employee will also perform other
duties as assigned.
About Greenlake
GreenLake Asset Management LLC (www.greenlakefund.com) is a SEC registered investment
manager founded in 2008. GreenLake manages three open-ended, alternative asset funds
dedicated to making real estate bridge loans nationally. The portfolio spans virtually all
commercial real estate asset classes and the firm manages approximately $900 million.
Please send resume in PDF format to CLA@GreenLakeFund.com Do not call.
All qualified applicants will receive consideration for employment without regard to race, color,
religion, sex, age, disability, sexual orientation, national origin, or any other category protected
by law.
The Construction Loan Administrator is essential in the financial oversight and completion of
construction projects, managing funds effectively, and ensuring clear documentation and
transparency in financial dealings.
Company: GreenLake Asset Management LLC
Location: South Pasadena, CA, in-office position
Compensation: Base salary, plus annual bonus
Benefits: Health insurance, dental insurance, 401(k), paid time-off, parental leave.
Salary: $65,000-$75,000 plus bonus
Primary responsibilities
• Process loan disbursement requests.
• Oversee and work closely with 3rd party construction disbursement agent.
• Coordinate all site inspections for loan draws relating to the construction loans.
• Work with legal and title regarding any encumbrances.
• Establish draw schedules and budgets tracking loan approvals, loan documents, and
construction contracts.
• Review inspection reports and follow up with inspectors and borrowers regarding any
outstanding issues.
• Review draw documents for accuracy, and for conformance with budgets and loan
agreements.
• Update ledgers, budgets, and the funding log.
• Understanding of AIA construction documents, and identify and elevate issues contrary
to documentation.
• Contribute as a member of the loan servicing team.
• Respond to routine inquiries from borrowers.
• Implement new initiatives and ongoing progress regarding properties owned.
• Travel to properties for site visits.
Skills/ qualifications
• Bachelor’s degree and minimum three (3) years of prior related working experience
• Proficient in Word and Excel.
• Strong attention to detail and accuracy.
• Exercise sound judgement, and excellent independent decision making skills.
• Excellent communication and organization skills.
• Provide excellent customer service to both internal and external stake holders.
• Ability to adhere to set turnaround time on draw requests.
• Sense of urgency in completing tasks
Key competencies
• Critical thinking
• Independent decision making & sound judgement
• Relationship management
• Detail Oriented
• Ability to observe, perceive, identify, and translate data.
• Ability to converse, and exchange information with all levels of staff within organization.
This job description is not intended to be all-inclusive and the employee will also perform other
duties as assigned.
About Greenlake
GreenLake Asset Management LLC (www.greenlakefund.com) is a SEC registered investment
manager founded in 2008. GreenLake manages three open-ended, alternative asset funds
dedicated to making real estate bridge loans nationally. The portfolio spans virtually all
commercial real estate asset classes and the firm manages approximately $900 million.
Please send resume in PDF format to CLA@GreenLakeFund.com Do not call.
All qualified applicants will receive consideration for employment without regard to race, color,
religion, sex, age, disability, sexual orientation, national origin, or any other category protected
by law.
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