Senior Special Assets Loan Officer

🔥 1 minute ago

🇺🇸 United States – Remote

⏰ Full Time

🟠 Senior

👻 Ghost score 10%

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Builders Capital

WebsiteLinkedInAll Job Openings

201 - 500 employees

Founded 2009

🏗️ Construction

📦 Logistics

🏠 Real Estate

Construction • Logistics • Real Estate

Builders Capital is a private construction lending company and the foundational brand behind Builders Capital Exchange (BCX), a capital and strategic platform that supports a portfolio of specialized real estate finance companies. The firm provides construction and real estate financing to builders, developers, investors, and homeowners across the U. S. , leveraging a disciplined capital structure, in-house servicing, and operational oversight to scale lending activities and manage portfolio performance.

📋 Description

• Oversee and manage a portfolio of non-performing, distressed, and high-risk Residential Transitional Loans and construction loans • Evaluate, manage, and resolve complex special assets through borrower rehabilitation, loan modification, foreclosure, sale, liquidation, or other resolution strategies • Develop, implement, and refine workout strategies based on borrower capacity, project status, collateral condition, market dynamics, legal considerations, and risk exposure • Lead reviews of problem loans, identify emerging risks, evaluate collateral and exit viability, and determine resolution strategies • Evaluate workout alternatives and recommend loan modifications, extensions, interest reserve adjustments, collateral liquidation, legal action, receivership, foreclosure, deed-in-lieu, OREO disposition, guaranties, and other credit enhancements • Analyze and recommend impairment reserves and charge-offs in accordance with GAAP, company policy, and regulatory guidance • Present workout recommendations, risk assessments, and resolution strategies to senior management and capital partners • Support and guide junior Special Assets team members on loan analysis, workout strategies, negotiations, documentation, and resolution processes • Oversee OREO assets, including 4-6 unit residential properties under renovation or stabilization; coordinate valuations, property management, construction oversight, and dispositions • Evaluate collateral value, construction progress, loan documentation, borrower financials, guarantor strength, and project feasibility • Lead negotiations with borrowers, guarantors, attorneys, brokers, property managers, and other stakeholders • Maintain oversight of risk ratings, accrual status, Problem Loan Reports, and portfolio reporting • Monitor housing market conditions, construction costs, liquidity, interest rates, property values, and investor demand • Collaborate with Legal, Servicing, Production, Underwriting, Asset Management, and other internal teams • Identify portfolio trends and recommend risk mitigation, process improvements, and performance improvements to leadership • Exercise independent judgment on distressed credits and escalate significant risks and material strategy changes • Represent Special Assets in internal and external meetings • Assist with strategic initiatives, department goals, processes, and best practices

🎯 Requirements

• 7+ years of experience in special assets, credit workouts, loan servicing, or asset management, with a strong focus on Residential Transitional Loans (RTL), construction loans, bridge loans, fix-and-flip lending, or relevant experience • Strong understanding of workout strategies, foreclosure processes, collateral liquidation, and OREO management for 4-6 unit residential properties • Strong working knowledge of GAAP impairment analysis, charge-offs, risk ratings, and accrual accounting related to residential credit • Advanced ability to analyze complex financial, operational, and market data to develop and recommend resolution strategies that maximize recovery and minimize risk and loss • Proven experience leading and coordinating complex loan resolutions with legal counsel, servicers, brokers, investors, and internal credit and servicing teams • Excellent written and verbal communication skills with the ability to present recommendations to senior management and capital partners

🏖️ Benefits

• Innovative environment with access to cutting-edge technology and resources • Flexible work environment • National impact through a nationwide construction financing operation • 100% employer-paid medical insurance premiums • PPO and HSA health insurance plans • Competitive wages • 3 weeks of paid time off annually • 10 paid holidays