Role Overview
- Collaborate directly with stakeholders based in New York to support day-to-day originations and underwriting tasks for BREDS funds .
Function Overview
Phase 1 :
Produce annualized and trailing-12 cash flows for potential loan targets.Format and present cash flow spreads in Excel to the BREDS Origination Team.Phase 2 :
Compile and deliver the remaining content of screening memos , including :Property-level information (photos, maps, descriptions, rent rolls, cash flows)Market insights (comparable property metrics, location analysis)Financing information (capital stack, debt yield, loan structure)Aspirational Scope Expansion
Market & asset data extraction from tools like CoStar or similar platforms.Compare pipeline deal metrics (occupancy, cap rate, debt yield, NOI, cash flow) with existing Blackstone portfolio.Analyze property visuals and maps for location-based insights .Prepare and present capital stack breakdowns (Equity vs. Debt) in Excel and PowerPoint .Collect and compare sales and rent comps using broker reports and online sources.Analyze demographics, unit mixes, and rental income using rent rolls and cash flow statements .Use NOI to calculate liquidity ratios (DSCR, Debt Yield, etc.).Assist in the creation of investment memorandums with deal teams.Conduct due diligence pre-deal closing using a formal checklist.Maintain pipeline tracking tools such as DealPath or Loan Tapes.Essential Skills & Experience
Master's degree with a major in Finance or Banking & Capital Markets preferred.Strong proficiency in Microsoft Office , especially Excel and PowerPoint.Ability to multitask effectively in a fast-paced environment.Background in real estate lending with preference for debt underwriting experience .CFA designation is a plus.Demonstrated quantitative and analytical aptitude with attention to detail.High level of intellectual curiosity and problem-solving ability .Effective communication and interpersonal skills .Proven ability to exercise sound judgment and discretion .Self-starter with the ability to work independently and take initiative .Skills Required
Loans, Analytical, Asset Management, Data Validation, Cash Flow