Avenue One
Director of Asset Management, Real Estate DebtUnited States
Avenue One, Washington, District Of Columbia, United States, 20001
Director Of Asset Management, Real Estate Debt
Avenue One is a marketplace that enables investors to access residential equity and debt investments by connecting an ecosystem of local partners to institutional capital. We are in the business of partnerships
finding, vetting, and empowering local experts nationwide to source, broker, buy, renovate, lease, manage, and sell properties on behalf of our clients. In addition to our real estate services, we provide flexible financing solutions to builders, developers, and property owners. Our success is powered by proprietary technology and data analytics that give us and our partners a competitive advantage. We combine cutting-edge systems with deep industry expertise to make smarter decisions, operate efficiently across markets, and deliver exceptional results for our clients. While our technology continues to evolve, it's our talented team that truly transforms how institutional capital connects with residential real estate opportunities. Avenue One provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, familial status, or any other characteristic protected by federal, state, or local laws. This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation, and training. Work Arrangement: Remote or Hybrid, Based on Location Job Description
We are seeking a Director of Asset Management - Real Estate Debt to drive transaction execution and asset management across a portfolio of homebuilder finance relationships (top 300 homebuilders). The successful candidate will have direct construction lending or management experience gained within a bank, a homebuilder or a private investment firm where they have closed and asset managed construction loans (horizontal and or vertical). Core Responsibilities
Deal Underwriting & Transaction Structuring
Support development of deal memos, cash flow models, and transaction timelines by collaborating with the team to underwrite investment opportunities and business plans Work with key third parties to coordinate market studies, cost to complete studies, appraisals, etc Design transaction structures, terms and key structural protections together with fee and asset management/ servicing models for the deal in partnership with the team Asset and Risk Management
Establish appropriate governance structures to monitor business plan, budget and transaction progress/ timelines Using our construction software, review and approve draw requests, verifying completed work against disbursement requests Coordinate third-party site inspections and progress against plan Proactively identify potential schedule, budget, or execution risks Implement solutions to address challenges before they impact project timelines Portfolio Management & Reporting
Track project performance metrics Produce regular performance reports for capital partners and internal stakeholders Document lessons learned and best practices to improve future projects Experience / Qualifications
Required Experience
10 years + experience in construction lending (horizontal or vertical) Strong understanding of homebuilder industry dynamics, financing structures, and growth strategies Demonstrated experience managing loans to homebuilders specifically construction loans for land (A&D) and vertical (A&C, C) Track record of successful deal execution and asset management in this industry Preferred Experience
Background specifically in homebuilder financing/ residential development Familiarity with construction projects, budgets, timelines, and cost structures for residential projects Skills & Abilities
Strong financial analysis capabilities, including cash flow modeling and risk assessment Excellent project management skills with attention to detail Outstanding communication and relationship management abilities Ability to identify and solve problems proactively Ability to work in a team environment and manage a team of analysts and draw administrators Education
Bachelor's degree in Real Estate, Finance, Construction Management, or related field Advanced degree or professional certifications (MBA, CCIM, PMP) a plus Salary Range The base pay range for this role is estimated to be $175,00 - $230,000 USD. Final compensation will be determined by various factors such as work location, education, experience, knowledge, and skills. Compensation / Benefits Competitive compensation Company-paid medical, vision, dental, and wellness benefits for employees and dependents Flexible vacation and sick days Team-oriented and supportive working environment Company-sponsored events and swag Avenue One provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, familial status, or any other characteristic protected by federal, state, or local laws. This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation, and training.
Avenue One is a marketplace that enables investors to access residential equity and debt investments by connecting an ecosystem of local partners to institutional capital. We are in the business of partnerships
finding, vetting, and empowering local experts nationwide to source, broker, buy, renovate, lease, manage, and sell properties on behalf of our clients. In addition to our real estate services, we provide flexible financing solutions to builders, developers, and property owners. Our success is powered by proprietary technology and data analytics that give us and our partners a competitive advantage. We combine cutting-edge systems with deep industry expertise to make smarter decisions, operate efficiently across markets, and deliver exceptional results for our clients. While our technology continues to evolve, it's our talented team that truly transforms how institutional capital connects with residential real estate opportunities. Avenue One provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, familial status, or any other characteristic protected by federal, state, or local laws. This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation, and training. Work Arrangement: Remote or Hybrid, Based on Location Job Description
We are seeking a Director of Asset Management - Real Estate Debt to drive transaction execution and asset management across a portfolio of homebuilder finance relationships (top 300 homebuilders). The successful candidate will have direct construction lending or management experience gained within a bank, a homebuilder or a private investment firm where they have closed and asset managed construction loans (horizontal and or vertical). Core Responsibilities
Deal Underwriting & Transaction Structuring
Support development of deal memos, cash flow models, and transaction timelines by collaborating with the team to underwrite investment opportunities and business plans Work with key third parties to coordinate market studies, cost to complete studies, appraisals, etc Design transaction structures, terms and key structural protections together with fee and asset management/ servicing models for the deal in partnership with the team Asset and Risk Management
Establish appropriate governance structures to monitor business plan, budget and transaction progress/ timelines Using our construction software, review and approve draw requests, verifying completed work against disbursement requests Coordinate third-party site inspections and progress against plan Proactively identify potential schedule, budget, or execution risks Implement solutions to address challenges before they impact project timelines Portfolio Management & Reporting
Track project performance metrics Produce regular performance reports for capital partners and internal stakeholders Document lessons learned and best practices to improve future projects Experience / Qualifications
Required Experience
10 years + experience in construction lending (horizontal or vertical) Strong understanding of homebuilder industry dynamics, financing structures, and growth strategies Demonstrated experience managing loans to homebuilders specifically construction loans for land (A&D) and vertical (A&C, C) Track record of successful deal execution and asset management in this industry Preferred Experience
Background specifically in homebuilder financing/ residential development Familiarity with construction projects, budgets, timelines, and cost structures for residential projects Skills & Abilities
Strong financial analysis capabilities, including cash flow modeling and risk assessment Excellent project management skills with attention to detail Outstanding communication and relationship management abilities Ability to identify and solve problems proactively Ability to work in a team environment and manage a team of analysts and draw administrators Education
Bachelor's degree in Real Estate, Finance, Construction Management, or related field Advanced degree or professional certifications (MBA, CCIM, PMP) a plus Salary Range The base pay range for this role is estimated to be $175,00 - $230,000 USD. Final compensation will be determined by various factors such as work location, education, experience, knowledge, and skills. Compensation / Benefits Competitive compensation Company-paid medical, vision, dental, and wellness benefits for employees and dependents Flexible vacation and sick days Team-oriented and supportive working environment Company-sponsored events and swag Avenue One provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, familial status, or any other characteristic protected by federal, state, or local laws. This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation, and training.