What are the responsibilities and job description for the Capital Markets Associate position at Macdonald & Company?
Position Summary
Macdonald & Company has been exclusively retained by a leading national real estate investment, development, and management company focused on the Multifamily sector to appoint a Capital Markets Associate for either their San Diego or Torrance office.
The Capital Markets Associate will support the team in sourcing, negotiating, closing, and managing construction debt, JV equity, and project refinancing across the 21 markets where the company develops, builds, and acquires properties.
Essential Functions & Responsibilities
- Prepare construction debt financing strategies and financing solicitation packages.
- Assist in closing debt and equity for new development and acquisition communities, with a focus on the Western U.S. offices.
- Support debt modifications and refinancing efforts for development and acquisition communities.
- Track debt solicitation processes, assist in lender due diligence, and ensure timely loan closings.
- Draft and review Investment Committee Meeting memos and ensure accuracy.
- Review loan documents and exhibits for accuracy.
- Work with Capital Markets and internal teams to track interim property tests, guaranty burn-offs, loan extensions, and other portfolio management requirements.
- Assist with lender and equity partner reporting, questions, and requests related to financed projects.
- Engage in financing discussions with equity partners, Asset Management, Portfolio Management, Development, and Accounting teams.
- Support Development, Accounting, and Treasury teams in executing loan draw requests, payments, covenants, and other requirements.
- Conduct detailed sensitivity analysis for loan covenants and extension tests.
- Prepare interest rebalancing projections and assist in negotiating loan rebalancing requests.
- Assist with interest rate hedging for construction loans.
- Coordinate lender approvals for retail leases nationwide.
- Maintain a lender contact relationship management database.
- Develop and maintain relationships with providers of construction debt, bridge, and permanent financing.
Education & Experience
- Undergraduate degree required.
- Minimum of 3 years of real estate finance experience.
- Experience in commercial real estate lending or construction lending preferred.
- Multifamily experience preferred.
Skills & Knowledge
- Strong attention to detail.
- Excellent analytical skills with an understanding of risk/reward relationships.
- Ability to create compelling and detailed materials for lenders.
- Proficiency in Word, PowerPoint, and Excel.
- Strong written and verbal communication skills.
- Ability to assess critical issues in complex financial situations.
- Effective team player with the ability to collaborate across functional and geographic lines.
- Highly organized, deadline-driven, and self-motivated.
- Strong interpersonal skills with the ability to manage conflict and influence outcomes.
- Ability to thrive in high-pressure environments.
- Operates with integrity, motivation, and intellectual curiosity.
Work Environment
- Work settings include office environments and active construction sites.
- Travel required up to 25% of the time.
