Description
Company Overview
With approximately $25 billion in assets under management and 11 global offices, USAA Real Estate is an industry leader in acquiring, developing, financing and managing the highest quality real estate assets in North America and Europe. The mission of USAA Real Estate is to serve the financial interests of its investor clients by strengthening the profitability and diversity of the USAA investment portfolio, which includes multifamily, industrial, office and hotel properties, as well as e-commerce logistics and distribution centers, media production facilities and data centers. Aligned with a series of strategic partnerships cultivated over decades of co-investment, USAA Real Estate engages with preeminent sector leaders demonstrating proven domain expertise in a shared drive to achieve superior, risk-adjusted returns. For more information, visit usrealco.com.
Job Description
The Senior Associate -or- Director, Capital Markets manages and executes third party permanent and construction non-recourse financing for acquisition and development transactions and refinancing of existing portfolio assets as needed as well as various lines of credit.
Essential Duties:
- Secure third-party financing for USAA Real Estate’s various investment vehicles, and develop and maintain lender relationships to support the continued growth of the company.
- Coordinate with Senior Director, Capital Markets, regional teams, acquisitions, development, portfolio managers, asset management, accounting, treasury, in-house and outside counsel for the execution of placing third party debt for acquisition and development transactions for USAA Real Estate and co-investment entities from marketing through closing.
- Prepare financing memorandums as needed, conduct a bid process for financing options and make recommendations for lender selection.
- Manage and direct mortgage brokers as appropriate. Negotiate fees in the best interest of USAA Real Estate and its co-investors.
- Oversee operating and development partners that lead the financing process for USAA Real Estate.
- Assist Senior Director, Capital Markets to monitor existing debt to determine most efficient cost of capital for USAA Real Estate and co-investment entities.
- Negotiate term sheets, loan applications and loan documents in conjunction with in-house or outside counsel.
- Analyze and recommend derivative options to hedge interest rate risk on floating rate loans.
- Coordinate and negotiate derivative documents in conjunction with consultants and in-house or outside counsel.
- Additional duties as assigned.
At USAA Real Estate our employees enjoy generous benefits packages including comprehensive medical, dental and vision plans, 401k, educational and professional designation assistance, business casual dress attire and much more! Qualified applicants must successfully complete a pre-employment background and drug screen. The above description reflects the details considered necessary to describe the principal functions of the job and should not be construed as a detailed description of all the work requirements that may be performed in the job.
USAA Real Estate Company is an Equal Opportunity and Affirmative Action Employer of Females, Minorities, Veterans and Disabled.
Minimum Qualifications:
- Bachelor’s degree in Finance, Real Estate, Economics or related field.
- 5 to 7 years of experience in commercial real estate financing, investments, loan servicing or asset management role.
- High level of proficiency in Excel and Argus is required.
- Ability to travel. Ability to regularly work extended hours.
- Qualifications may warrant placement in a different job title.
Key Competencies:
- Accuracy and attention to detail.
- Ability to prioritize assignments to meet numerous deadlines.
- Excellent analytical, quantitative and problem-solving skills.
- Exceptional written and verbal communication skills.
- Knowledge of loan documentation, closing process, negotiations and current market conditions.
This job is no longer active.