Fidelity Investments
Director, Real Estate Debt Originations
Fidelity Investments, Los Angeles, California, United States, 90079
Job Description:
The Group Headquartered in Boston, the High Income & Alternatives division manages approximately $125B in assets under management (AUM). The groups investments span across the capital structure, including high-yield bonds, leveraged loans, convertible bonds, alternative credit, structured credit, and equities. Fundamental research forms the backbone of the groups investment process. The Real Estate Debt group is part of the High Income & Alternatives division and manages approximately $10B in AUM. The group manages funds and separately managed accounts that invest in common stock, preferred stock, bonds, loans, private real estate debt and commercial mortgage-backed securities on behalf of retail and institutional investors. The Role We are hiring for an originator based in the Western U.S. to support our growing pipeline in that region. Reporting to the Managing Director of Research, the originator will have direct responsibility for sourcing and executing on high yielding loans secured by commercial real estate. Primary responsibilities include sourcing, underwriting, and negotiating subordinate debt. Prospective candidates should have prior experience in all facets of commercial real estate lending including upfront collateral analysis, loan structuring and closing and ongoing asset management. Familiarity with all the major real estate asset classes is preferred. The role requires a deep understanding of structured finance transactions, specifically mezzanine loan and preferred equity structures and the related documentation. The Value You Deliver Grow and maintain a network of origination partners and deal sponsors (owner/operators, sponsors/developers, private lenders, investment bankers, brokers, asset managers) to facilitate a steady flow of investment opportunities
Help with the collection and analysis of market data
Assess credit risk associated with commercial real estate assets
Appropriately determine real estate collateral values
Negotiate term sheets and loan documentation
The Expertise and Skills You Bring We are seeking candidates who have the following characteristics: 7+ years of relevant real estate investment experience, including at least 4 years of real estate loan origination experience
Strong origination partner and deal sponsor relationships
Excellent written and verbal communication skills
Strong financial analytical skills
Comfortable collaborating within a team, but also able to work independently and drive new lending opportunities
Strong work ethic and ability to meet time sensitive deadlines
Willingness to travel
Note: Fidelity is not providing immigration sponsorship for this position. The base salary range for this position is $120,000 - $200,000 per year.
Placement in the range will vary based on job responsibilities and scope, geographic location, candidates relevant experience, and other factors. Base salary is only part of the total compensation package. Depending on the position and eligibility requirements, the offer package may also include bonus or other variable compensation.
We offer a wide range of benefits to meet your evolving needs and help you live your best life at work and at home. These benefits include comprehensive health care coverage and emotional well-being support, market-leading retirement, generous paid time off and parental leave, charitable giving employee match program, and educational assistance including student loan repayment, tuition reimbursement, and learning resources to develop your career. Note, the application window closes when the position is filled or unposted. Most roles at Fidelity are Hybrid, requiring associates to work onsite every other week (all business days, M-F) in a Fidelity office. This does not apply to Remote or fully Onsite roles. Please be advised that Fidelitys business is governed by the provisions of the Securities Exchange Act of 1934, the Investment Advisers Act of 1940, the Investment Company Act of 1940, ERISA, numerous state laws governing securities, investment and retirement-related financial activities and the rules and regulations of numerous self-regulatory organizations, including FINRA, among others. Those laws and regulations may restrict Fidelity from hiring and/or associating with individuals with certain Criminal Histories. Certifications:
Category:
Investment Professionals
The Group Headquartered in Boston, the High Income & Alternatives division manages approximately $125B in assets under management (AUM). The groups investments span across the capital structure, including high-yield bonds, leveraged loans, convertible bonds, alternative credit, structured credit, and equities. Fundamental research forms the backbone of the groups investment process. The Real Estate Debt group is part of the High Income & Alternatives division and manages approximately $10B in AUM. The group manages funds and separately managed accounts that invest in common stock, preferred stock, bonds, loans, private real estate debt and commercial mortgage-backed securities on behalf of retail and institutional investors. The Role We are hiring for an originator based in the Western U.S. to support our growing pipeline in that region. Reporting to the Managing Director of Research, the originator will have direct responsibility for sourcing and executing on high yielding loans secured by commercial real estate. Primary responsibilities include sourcing, underwriting, and negotiating subordinate debt. Prospective candidates should have prior experience in all facets of commercial real estate lending including upfront collateral analysis, loan structuring and closing and ongoing asset management. Familiarity with all the major real estate asset classes is preferred. The role requires a deep understanding of structured finance transactions, specifically mezzanine loan and preferred equity structures and the related documentation. The Value You Deliver Grow and maintain a network of origination partners and deal sponsors (owner/operators, sponsors/developers, private lenders, investment bankers, brokers, asset managers) to facilitate a steady flow of investment opportunities
Help with the collection and analysis of market data
Assess credit risk associated with commercial real estate assets
Appropriately determine real estate collateral values
Negotiate term sheets and loan documentation
The Expertise and Skills You Bring We are seeking candidates who have the following characteristics: 7+ years of relevant real estate investment experience, including at least 4 years of real estate loan origination experience
Strong origination partner and deal sponsor relationships
Excellent written and verbal communication skills
Strong financial analytical skills
Comfortable collaborating within a team, but also able to work independently and drive new lending opportunities
Strong work ethic and ability to meet time sensitive deadlines
Willingness to travel
Note: Fidelity is not providing immigration sponsorship for this position. The base salary range for this position is $120,000 - $200,000 per year.
Placement in the range will vary based on job responsibilities and scope, geographic location, candidates relevant experience, and other factors. Base salary is only part of the total compensation package. Depending on the position and eligibility requirements, the offer package may also include bonus or other variable compensation.
We offer a wide range of benefits to meet your evolving needs and help you live your best life at work and at home. These benefits include comprehensive health care coverage and emotional well-being support, market-leading retirement, generous paid time off and parental leave, charitable giving employee match program, and educational assistance including student loan repayment, tuition reimbursement, and learning resources to develop your career. Note, the application window closes when the position is filled or unposted. Most roles at Fidelity are Hybrid, requiring associates to work onsite every other week (all business days, M-F) in a Fidelity office. This does not apply to Remote or fully Onsite roles. Please be advised that Fidelitys business is governed by the provisions of the Securities Exchange Act of 1934, the Investment Advisers Act of 1940, the Investment Company Act of 1940, ERISA, numerous state laws governing securities, investment and retirement-related financial activities and the rules and regulations of numerous self-regulatory organizations, including FINRA, among others. Those laws and regulations may restrict Fidelity from hiring and/or associating with individuals with certain Criminal Histories. Certifications:
Category:
Investment Professionals