Hanover Street Capital, LLC (AKA “Hanover Street”), a wholly owned subsidiary of Situs Group, is a commercial real estate platform dedicated to support Deutsche Bank’s Commercial Real Estate Group. We provide a comprehensive suite of world class real estate finance and investment solutions across debt and equity real estate transactions. We are currently seeking a Senior Construction Loan Administrator to join the NY team.
This position will be responsible for the management of a diverse portfolio of loan and debt financings including construction/renovation loans, syndications, CMBS, secured and unsecured debt transactions, multi-currency and project financings.
•Reviewing disbursement requests, monitoring draw procedures, managing flow of funds mechanics and internal loan administration
•Performing monthly waterfall calculations including the monitoring of operating budgets and leasing status
•Monitoring reserve and escrow accounts to ensure borrower compliance with governing documents including provisions related to budget, taxes, insurance, collateral and future fundings
•Calculating property/unit release prices and monitoring releases
•Analyzing and interpreting loan documents and providing advice and direction to the Asset Management Team and Loan Operations teams.
•Coordination with asset managers and credit officers
•5+ years of commercial real estate loan administration experience
•Solid knowledge of complicated loan structures and commercial real estate
•Construction loan experience required
•Strong organizational, analytical and problem solving skills
•Strong interpersonal and verbal/written communication skills
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