Head of CRE Loans

Company Information

Waterfall Asset Management, LLC is an SEC-registered alternative investment manager focused on specialty finance opportunities within asset-backed credit, whole loans, real assets, and private equity.  Waterfall was founded in 2005 by Tom Capasse and Jack Ross, early leaders of the ABS industry Waterfall seeks to provide its client a compelling risk/return profile which is generally uncorrelated to most traditional investment opportunities.  Waterfall is headquartered in New York, with additional offices in London, and Dublin. As of December 31, 2023, Waterfall approximately $12.6 billion in assets under management.

Job Description 

We are looking for an individual to lead our CRE Loans team. This position requires a minimum of 10 years of experience in the commercial real estate industry, with a proven track record of sourcing, managing, and disposing CRE loans.  The ideal candidate will have a deep network of broker, bank, and owner/operator relationships and extensive experience underwriting and managing all property types in various geographies. The Head of CRE Loans will play a crucial role in driving business growth, managing existing client relationships, and identifying new opportunities within the CRE space.

Specific job responsibilities include:

• Lead team to originate and acquire investments across all property types and markets
• Oversee credit underwriting and asset management
• Maintain and manage relationships with borrowers, brokers and vendors
• Lead quarterly portfolio reviews
• Work closely with CMBS and CRE equity teams to determine relative value across asset classes

Qualifications and Education Requirements

• 10+ years of experience in loan acquisitions, investment banking or brokerage
• Proven track record of leading team, executing transactions, and managing portfolio of performing and non-performing loans
• Experience negotiating and executing loan workouts
• Experience with CRE Research/Modeling tools: Argus, CoStar, Real Capital Analytics, etc.
• Experience in geographies outside of US preferred but not required
• Experience with Equity acquisitions preferred but not required