Senior Asset Manager, Special Assets – Distressed Multifamily Loans

🕒 June 16

🤠 Texas – Remote

🤠 Texas – Remote

💵 $95k - $110k / year

⏰ Full Time

🟠 Senior

👔 Manager

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The Community Preservation Corporation

WebsiteLinkedInAll Job Openings

51 - 200 employees

Founded 1974

🏗️ Construction

🏠 Real Estate

💸 Finance

Construction • Real Estate • Finance

The Community Preservation Corporation is a national nonprofit lender and investor that finances, acquires, and preserves affordable, workforce, and sustainable multifamily housing. It provides construction and bridge loans, permanent mortgage products (including as a nonprofit-owned Freddie Mac, Fannie Mae, and FHA lender), and equity investments, while administering programs to advance electrification, climate-friendly building practices, and developer access for underserved communities. CPC leverages decades of housing finance and public policy expertise to expand affordable housing, promote long-term affordability and stability, and support community-scale sustainability and economic inclusion across the U. S.

📋 Description

• Manage a portfolio of high-risk, delinquent, watchlist, and non-performing multifamily assets, ensuring proactive monitoring of performance, covenant compliance, and collateral condition. • Evaluate borrower financial strength, property performance, and business plans to assess credit risk, identify potential issues, and determine appropriate risk mitigation strategies. • Develop and execute asset-level workout strategies, including forbearance agreements, loan restructurings, repayment plans, and, where necessary, enforcement actions. • Partner with Legal and external counsel to manage enforcement processes such as receiverships, foreclosure, litigation, and negotiation of workout and restructuring documentation. • Serve as the primary point of contact for complex and distressed assets, leading borrower discussions, managing investor communications, and coordinating with internal stakeholders. • Prepare clear and concise credit memos, risk assessments, and recommendations to support decision-making by senior leadership and credit committees. • Maintain accurate and timely asset-level data and reporting within servicing systems, ensuring transparency and consistency across tracking tools and dashboards. • Monitor portfolio performance to identify early warning indicators and escalate emerging risks with recommended actions. • Support portfolio-level reporting and analysis, including identification of trends, risk concentrations, and performance insights. • Provide guidance and support to junior team members, promoting consistency in analysis, documentation, and overall asset management practices.

🎯 Requirements

• Bachelor’s degree required (Finance, Real Estate, or related field preferred). • 5–7+ years of experience with strong knowledge of multifamily asset management and non-performing loans, including Agency and Non-Agency products (experience with LIHTC preferred). • Proven ability to manage complex assets and deliver clear, well-supported credit recommendations in a dynamic environment. • Proficiency in financial analysis, valuation concepts, and risk assessment, including experience evaluating cash flow, collateral performance, and business plans. • Ability to manage multiple priorities and drive outcomes in a fast-paced, high-accountability environment. • Travel required as needed.

🏖️ Benefits

• Offers Bonus