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Cirrus Real Estate Partners

Opportunistic Credit Associate

Cirrus Real Estate Partners, New York, New York, us, 10261

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Cirrus Real Estate Partners’ actions are based on the firm’s core values: fair dealing, fiduciary responsibility and mutual respect. Cirrus’ value-based investment approach is grounded in a deep and granular understanding of the base factors which drive real estate performance generated through the 25+ year average commercial real estate and capital markets experience of its partners.

This experience spans multiple cycles and includes the origination of over $150 billion of commercial real estate credit products and the investment of over $10 billion of commercial real estate equity. While firmly anchored in long-term real estate fundamentals, Cirrus’ approach is purposefully designed to adapt to the unique characteristics of each investment cycle.

Cirrus’ proprietary framework is designed to generate consistent, attractive returns through identifying investments that offer asymmetric risk-return profiles and significant downside protection while integrating direct, active asset management to ensure favorable outcomes for its stakeholders.

Position Overview As an Associate, the potential candidate will analyze and execute attractive risk-adjusted return real estate credit as well as perform asset management responsibilities with members of the team. The time allocation is expected to be ~75%/~25% between Investment/Acquisitions and Asset Management. The potential candidate will need to possess relevant experience and an interest in working on complex assets/transactions across property types and the capital structure. The potential candidate should be able to maintain strong attention to detail, handle changing workload priorities and show excellent communication and organizational skills.

Key Responsibilities

Screening potential real estate investment opportunities across the capital stack (note-on-note financing, first mortgages, mezzanine loans and preferred equity)

Underwriting / preparing detailed financial models on potential asset, portfolio and corporate level transactions

Drafting Screening and Investment Committee Memorandums detailing deal merits, financial metrics, risks and mitigants and market data

Performing asset management/portfolio monitoring tasks, including putting together internal updates (memorandums, model updates, etc.), executing business plans, including working directly with Sponsors, and other third parties

Conducting in-depth market research, preparing sale/lease comparables analyses

Interfacing with brokers, legal counsel, market participants and third-party vendors

Qualifications

Bachelor's degree in Business, Finance, Economics or a STEM-related field.

Strong Communication Skills

Minimum of 3-4 years of experience in (i) real estate private equity investing (acquisitions); (ii) commercial real estate brokerage; and/or (iii) investment banking with complex financial modeling experience

Strong understanding of finance/real estate finance concepts

Fluency in Microsoft Office suite (Outlook, Excel, Word, PowerPoint, etc.)

Seniority Level Associate

Employment Type Full-time

Job Function Finance and Analyst

Benefits

Medical insurance

Vision insurance

401(k)

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