What are the responsibilities and job description for the Head of Bridge Loan Asset Management position at Greystone?
Greystone is a private national commercial real estate finance company with an established reputation as a leader in multifamily and healthcare finance, with over $12 billion in loan originations in 2024. The firm consistently ranks in the Top 10 for Fannie Mae & Freddie Mac multifamily loan originations and is the #1 Overall HUD Multifamily and Healthcare Lender in the country. Greystone also ranks nationally as a top affordable housing, seniors housing, and small balance loan lender. At Greystone, charity is at the heart of who we are and what we do.
At Greystone, everything we do is driven by our purpose of improving others' lives. As we work hard to maintain our ranking as a top national commercial real estate lender, our culture of caring and support is just as important. We don't just say "Where People Matter" - we lead with this mantra every day to guide our actions and behaviors. Greystone is committed to fostering and preserving a culture of inclusion. Belonging is at the heart of our culture of caring, integrity and excellence, and is a driving force behind our entrepreneurial spirit and creativity.
We are currently seeking a Head of Bridge Loan Asset Management, who will oversee a newly-created department responsible for the oversight and asset management of the bridge loan portfolio of Greystone Senior Debt Fund, the vehicle through which Greystone operates its bridge lending business. The Senior Debt Fund is an open-ended fund that seeks to capitalize on U.S. first mortgage bridge and mezzanine loan business opportunities. The Fund invests primarily in loans to owners of multifamily and seniors housing properties, which are underwritten to be repaid with permanent financing from Fannie Mae, Freddie Mac and FHA / HUD.
This individual will be joining a best-in-class bridge lending platform and will lead the effort to re-establish an internal bridge asset management function; the function is currently being performed under a third-party services contract which expires later in 2025. Greystone's bridge lending platform has been operating since 2004 and has originated over $13 billion of bridge loans, including almost $1.4 billion in 2024. Today, Greystone manages a portfolio of 157 bridge loans with an aggregate principal balance in excess of $4 billion.
Primary Duties and Responsibilities :
Reporting to the head of Greystone Servicing, re-establish and subsequently manage a department (expected to include 8-10 professionals) which will oversee and asset manage the firm's bridge loan portfolio
- Monitor the risk profile of a portfolio of multifamily and health care bridge loans and serve as responsible party for all related deliverables or communications between internal and external stakeholders
- The Bridge Asset Management Department will perform the following functions :
Review monthly offshored financial spreads
Experience, Skills, and Abilities Required :
At Greystone, we believe that finding creative solutions for our clients comes from the collaboration of people with diverse backgrounds and perspectives. We strive to build an inclusive work environment that celebrates differences and empowers all individuals with opportunities to channel their entrepreneurial spirit. Greystone is an EEO employer.
Greystone offers a competitive base salary and bonus. The base salary range for this position is $200,000 to $250,000 / year. The specific compensation that will be offered is based on an understanding of the hired candidates' qualifications at the time of hire. Employees are eligible for a discretionary bonus based on employee work performance reviewed during the annual review process.
Salary : $200,000 - $250,000
