Associate - Loan Resource Group

CIM Group

Dallas, TX

Salary Estimate: Confidential

Employment Type: Full Time

Work Place: Office

Experience Required: 2+ to 5 years

Education Required: 4 Year College

Benefits

Job Description

ABOUT CIM GROUP:
CIM is a community-focused real estate and infrastructure owner, operator, lender, and developer. Our team of experts works together to identify and create value in real assets, benefiting the communities in which we invest. Back in 1994, our three founders focused on projects in Southern California neighborhoods. Today, we are a diverse team of 1,000+ employees with projects across the Americas. Our projects have delivered jobs; created comfortable places to live, work, and relax; and provided necessary and sustainable infrastructure. Our focus on enhancing communities is unwavering, and we strive to make an even greater impact in the years to come. Join us and make an impact today!

POSITION PURPOSE:
Serve as an Associate within the loan asset management function of CIM’s growing commercial real estate lending platform.  The Associate – Loan Resource Group is primarily responsible for ongoing, front-line management of construction, bridge, and other commercial real estate loans for CIM’s various credit vehicles.  CIM’s credit vehicles currently consist of over $6B AUM, with an average balance of $120mm+, primarily through office, multi-family, hospitality, and industrial property types in major markets.

ESSENTIAL FUNCTIONS:
  • Create and present a quarterly asset summary reports that concisely summarize (a) loan, (b)  collateral, (c) market, and (d) sponsor -- risks, mitigants and trends.  
  • Re-underwrite and re-value CRE loan collateral (mainly office, hospitality, MF, and industrial) by creating 5-year cash flow proformas using Argus and Excel.    
  • Help the team lead manage the post-closing relationship with CIM’s sponsors/borrowers, including providing research-driven recommendations and analysis with respect to lease approvals, construction draws, rebalancing requirements, asset dispositions, special servicing, and REO transactions.
  • Coordinate among various CIM departments, including the Investments Group, Legal, Development, Leasing, Property Management to leverage in-house expertise when conducting analysis.
  • Monitor asset-level compliance with loan covenants (i.e. debt yield tests, cash flow sweeps, extension tests).  
  • Oversee external servicer and construction consultants to review and fund borrower loan advance requests.
  • Work with CIM’s internal and external loan servicers to efficiently receive high-quality data and ensure borrower relationships are maintained, and borrower requests are processed timely with a focus on creating positive client experiences.
EDUCATION/EXPERIENCE REQUIREMENTS: 
  • Bachelor’s degree in Finance, Accounting, Real Estate, or other quantitative or related fields strongly preferred.
  • 2 - 4 years relevant professional experience in commercial real estate. CRE loan asset management and/or Bridge/Construction loan experience a plus.
KNOWLEDGE, SKILLS, AND ABILITIES: 
  • Communication Skills Requirements:
    • Adaptable and flexible team player who can effectively interact with both internal and external parties on complicated topics and sensitive matters.
    • Ability to read, analyze and interpret complex documents including loan agreements, term sheets, and leases.
    • Capability to respond effectively to time sensitive inquiries in written and verbal format to a wide range of audiences.
  • Analytical / Reasoning Skill Requirements:
    • Familiarity with real estate and real estate finance. 
    • Ability to comprehend and analyze general economic data and statistics and sum.
    • Proficiency to model various outcomes as it pertains to real asset financial performance.
    • Ability to define problems, collect data, establish facts, and draw valid conclusions.
  • Time Management Skill Requirements:
    • Strong organizational skills with the ability to manage multiple projects in a timely manner.
  • Technical Skill Requirements:
    • Demonstrated high level of proficiency with MS Office, especially Excel.
    • Working knowledge of CoStar type data sources.
    • Argus experience a plus (training supplied).  

Company Logo

CIM Group

100-1500 employees

CIM is a community-focused real estate and infrastructure owner, operator, lender, and developer. Our team of experts works together to identify and create value in real assets, benefiting the communities in which we invest. Back in 1994, our three founders focused on projects in Southern California neighborhoods. Today, we are a diverse team of 1,000+ employees with projects across the Americas. Our projects have delivered jobs; created comfortable places to live, work, and relax; and provided necessary and sustainable infrastructure. Our focus on enhancing communities is unwavering, and we strive to make an even greater impact in the years to come. Join us and make an impact today!

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