Associate, Real Estate Credit Investments

We are Evergreen Residential, a high growth early-stage institutional investment platform in the single-family residential ('SFR') sector. We are committed to changing the way investors own and manage SFR homes, and to building a modern way to deliver the data, tools and services that enable our clients to invest in the world's largest asset class at scale. Our team is collaborative, open-minded and curious. Transparency is a core value, we speak our minds, are responsible for our actions and celebrate our wins. We are serious about our business but we don't take ourselves too seriously. We offer a flexible, empowering culture, competitive compensation and benefits, and the opportunity to work with and learn from industry pioneers and experts.

If you are self-motivated and mission driven with a 'can do' mindset and see solutions where others may see problems, come and grow with us!

The Business:

Our recently launched credit platform acts as a direct lender to residential real estate investors. We source, underwrite, structure, originate, and manage a variety of asset-backed debt instruments, ranging from term loans to highly structured growth facilities. We are seeking an experienced Credit Investment Associate to join the growing Evergreen Credit team. This role will be directly involved in all parts of the investment process, from initial financial analysis through diligence, structuring, closing, and post-closing management.

This is a unique opportunity to be an early hire and strategic member of the Evergreen Credit team, and the position also represents a rare blend of a traditional deal-oriented finance role with an entrepreneurial business-building startup role.

This office-based position may be in either Dallas Downtown or New York City, with a 4/1 hybrid work schedule available.

The Role: This position includes, but is not limited to, the following responsibilities:

• Financial Analysis: Model the expected cash flow of real estate portfolios, calculate key credit metrics, and present the analysis to potential Borrowers and Capital Partners.
• Due Diligence: Lead the due diligence process, which includes collecting, organizing, and analyzing materials from Borrowers as well as coordinating with third party service providers to facilitate the review and closing of transactions.
• Deal Structuring and Negotiation: Support the team throughout the loan structuring and negotiation process by performing ad-hoc analyses, drafting term sheets and materials, and communicating with Borrowers and Capital Partners.
• Deal Management: Operate as the "quarterback" of the deal from term sheet to closing. Manage the progress of workstreams, review loan documents, coordinate with legal counsel and other third parties, and solve problems that arise.
• Investment Memorandums: Lead the preparation of Investment Memorandums and other documentation to support presentations to the Investment Committee.
• Portfolio Management: Manage our growing portfolio of existing loans. Responsibilities include reviewing performance and covenant compliance, managing loan modifications and draws, communicating with our Borrowers, working with our third-party servicers, and delivering reports to our Capital Partners.
• Real Estate Analysis: Collaborate with the real estate underwriting team to analyze the quality, location, and valuation of the real estate securing our debt facilities.
• Product Development: Help develop new lending products and improve our existing loan products and processes.
• Industry and Capital Markets Research: Monitor and research the private lending and ABS markets, including peer analysis, public debt issuances, and tracking of economic indicators.
• General Business Development: Special projects, building processes and databases that make us more efficient, and a general mindset that everything we do should be done with an eye towards scalability (creating high quality templates that can be relied on for future use, maintaining clear records and organized files, etc.).
  
  

Qualifications and Experience:

Qualifications

• Undergraduate degree and strong academic background
• 2-5 years of experience in finance, investment banking, private equity, real estate investing, or similar fast-paced and transaction-oriented types of roles
• Experience with lending, debt capital markets, real estate finance, SFR, or startups is a plus
• Natural comfort with quantitative analysis and superior attention to detail
• Proficiency with Excel, PowerPoint and Word
• Familiarity with term sheets, legal/transaction documents, and working with corporate lawyers; ability to read legal documents and draft basic legal-esque language
• Familiarity with the deal process for a transaction involving institutional parties
• Highly organized with strong time management skills and ability to balance competing deadlines without getting overwhelmed
• Self-motivated and driven; ability to work effectively in a dynamic environment
• Strong interpersonal skills; ability to manage multiple stakeholders that may have competing interests
• Strong verbal and written communication skills; comfort presenting to external parties and senior managers
  
  

Differentiators/ What Will Set You Apart

• Intellectual curiosity and insatiable appetite to learn, improve, and take on more responsibilities
• Comfort with and often seeks out ambiguous/open-ended settings where you can display your initiative, adaptability, and problem-solving abilities
• Low ego and team-first attitude; desire to do whatever is necessary to help the team and the business
• Pride in your performance and work product, a fundamental satisfaction that comes from completing tasks at a high level
• Outstanding integrity, reliability, and thoughtfulness
• Strong desire to be in an entrepreneurial environment; extremely excited by the idea of building a new business vertical within the Company
• Natural desire to figure out more ways to add value beyond just completing the direct task at hand
  
  

The anticipated base salary range for this position is $115,000 - $135,000. Total compensation may also include a discretionary performance-based bonus. Note, the range takes into account a broad spectrum of qualifications, including, but not limited to, years of relevant work experience, education, and other relevant qualifications specific to the role.

About Evergreen Residential

Founded in 2021, Evergreen Residential is a full-service SFR platform leveraging proven operational practices and the latest technological advances to optimize investor returns and achieve positive outcomes for our residents and the communities in which we operate. We offer a full suite of services, including Investment Management, Asset Origination, and Advisory Services. The firm is headquartered in Dallas with offices in New York City.

The leadership team has extensive experience dating back to the early institutionalization of SFR and unrivaled depth of experience in the complete asset life cycle. We are built to withstand changing market conditions, and our business produces resilient, predictable cash flows and margins. We are committed to charting new paths and using data to achieve best-in-class results. Our business is evergreen.

Beyond financial returns, the Company is committed to measurable impact objectives. We believe that inclusive and equitable management, environmentally sustainable long-term strategies, and resident-focused policies are good business - for our residents, our investors, and our team. We are committed to using environmentally sustainable practices and empowering our residents to improve their financial health.

Our cornerstone values - Accountability, Transparency and Partnership - are built on a foundation of Integrity and provide the roadmap for our daily actions, interactions and decisions.

Equal Opportunities and Other Employment Statements

We are deeply committed to building a workplace and community where inclusion is not only valued, but prioritized. We take pride in being an equal opportunity employer and seek to create a welcoming environment based on mutual respect, and to recruit, develop and retain the most talented people from a diverse candidate pool. All employment decisions shall be made without regard to race, color, religion, gender, gender identity or expression, family status, marital status, sexual orientation, national origin, genetics, neuro-diversity, disability, age, or veteran status, or any other basis as protected by federal, state, or local law.