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Salary: USD 140,000 - 175,000 / annual
Ascent Developer Solutions is a leading private lending platform serving real estate developers nationwide in acquisition, renovation, and construction of residential real estate. The company was founded by a leadership team with deep experience across all facets of real estate development and is positioned to create custom, innovative lending solutions.
In this role, you will serve as the primary relationship owner for an assigned portfolio of existing borrowers, building trusted long-term partnerships that drive client satisfaction, repeat business, and increased wallet share across Ascent's lending platform.
Key responsibilities include:
• Analyze and structure Multi-Family, Single Family, Homebuilder, Build-to-Rent, and Manufactured Housing bridge, renovation, and construction loan opportunities by reviewing project budgets and proformas, creating DSCR and other financial models, determining pricing, and running profitability and revenue models. Assess overall project feasibility while proactively identifying and communicating mitigants for credit, construction, and execution risks. Write conditions and covenants as part of overall loan structures.
• Evaluate borrower financial statements, organizational structures, capital stacks, equity partners, track record, SREOs, and overall operational capability to determine borrower qualifications, financial strength, and ability to successfully execute proposed projects.
• Conduct initial review of appraisal reports to evaluate collateral value, identify valuation concerns or inconsistencies, and confirm the appraisal supports the proposed loan structure.
• Collaborate with Loan Officers to prepare and present loan opportunities to internal and external approval authorities.
• Lead first-time borrower approval processes by managing borrower expectations, coordinating with internal teams, and ensuring seamless operational execution from receipt of initial borrower needs lists through closing. Review, prepare, and package borrower approval documentation prior to sending to Lending Team and Credit for review and approval.
• Maintain strong command and comprehensive understanding of the loan pipeline and collaborate with other departments to identify and resolve issues to improve loan execution and speed to closing.
• Manage loan portfolio for assigned borrowers by monitoring covenant compliance and partnering with internal departments to develop solutions for issues related to exposure limits, interest reserves, post-closing conditions, annual renewals, and servicing activities. Clearly communicate outcomes, expectations, and next steps to borrowers while ensuring timely issue resolution and ongoing portfolio performance.
• Perform other duties as assigned by Sales or Credit leadership.
The role works on-site from Ascent's Encino office Monday through Thursday, with Fridays as work-from-home.
REQUIREMENTS:
• 5+ years of experience in commercial real estate lending including SFR, multi-residential, and homebuilder/bridge, renovation, and construction loans
• Demonstrated experience analyzing and structuring commercial loan transactions, including reviewing borrower financial statements, project budgets, proformas, capital stacks, organizational structures, appraisals, and other underwriting documentation to support sound lending decisions
• Excellent communication and relationship building skills with proven ability to build and manage relationships with sophisticated borrowers and cross-functional internal stakeholders while delivering exceptional client service
• Excellent verbal, written, and presentation skills with ability to communicate effectively with borrowers and internal leadership
• Bachelor's degree or equivalent professional experience required; California Real Estate License or ability to obtain one is preferred
• Proficiency in Microsoft Excel, MS Office, CRM platforms, and other business applications
• Highly organized, analytical, and self-motivated with ability to manage multiple priorities and thrive in a fast-paced, collaborative, deadline-oriented environment
