Description

Who We Are

Core Spaces is a vertically integrated company focused on acquiring, developing, and managing residential properties that create a better life for everyone under our roof. From world-class amenities and progressive design to client service with a hospitality-driven approach, we create spaces where people want to be. Core Spaces is proud to be a People-First organization; our culture is our greatest asset. Our six cultural values guide us every day and we strive to live them in everything we do: PUSH (Invent Better Places to Live), GRIT (We Got This), LIFT (Help Each Other Win), SHINE (Bring Your Full Self), UPHOLD (Never Break Trust), GROW (Always Get Better).

What We Do

Core Spaces provides living spaces and services that create a better daily life for its residents. Our projects are thoughtfully designed, customized, developed, and managed to create extraordinary lifestyle experiences that are as unique as their respective markets. Since our founding in 2010, Core has consistently delivered award-winning developments in top markets nationwide. We currently own and/or manage 46 properties nationwide totaling over 26,000 beds and have a pipeline of over 40,000 student housing beds and 8,000 Conventional/Build-to-Rent units in various stages of development or acquisition. For more information, check us out atwww.corespaces.com

Benefits That Matter

• A culture that provides you with a sense of belonging
• Hybrid & Remote work options to promote work-life balance
• Competitive pay that values your contributions
• Annual incentive to reward your achievements
• Paid unlimited PTO to disconnect or celebrate life milestones
• Paid 16 holidays, including your birthday, to disconnect and celebrate
• Paid Family Leave Plan that begins after 90 days
• Paid volunteer time off to give back to your community
• Monthly workshop weeks; fewer meetings & more collaboration
• Robust health plan options that begin within at least 30 days of your employment
• Monthly phone reimbursement
• Wellness allowance and perks, including a yearly subscription to a meditation app
• An environment that provides you a voice to share your perspectives
• Employee Assistance Program (EAP) for access to confidential support services
• Company retirement options including 401(k) matching & Roth account option

Position Overview

We are seeking an experienced and results-driven individual to join the Core Spaces Credit Investing team , this senior-level role will focus on loan origination, deal execution, and sourcing opportunities within the real estate sector. The ideal candidate will have a strong background in underwriting, a proven track record in successfully executing and closing loans, and the ability to source quality investment opportunities. 

The Core Spaces Credit Investing team is focused on opportunistic commercial real estate credit investments targeting existing asset and construction loans (senior and subordinate debt/preferred equity) in US residential for-rent property types, primarily focused on Student Housing, Build-to-Rent (“BTR”) and Multi-Family. This is an excellent opportunity to make a significant impact and contribute to the growth and success of our credit investing platform.

What You Will Do

• Source and analyze various real estate credit investment opportunities through all parts of the capital structure and across various residential property types (primarily student housing, Build-to-Rent (“BTR”) and Multi-Family) and markets.
• Assess the creditworthiness of potential borrowers and evaluate investment opportunities through detailed financial modeling, cash flow analysis, and risk assessments.
• Preparation and presentation of investment committee memoranda and other internal/external presentation materials to leadership, investment committees and investors
• Lead the structuring, legal negotiation and documentation of new investments - including term sheets, loan documentation, inter-creditor agreements, etc.
• Effectively lead deal teams through comprehensive due diligence processes, including property valuations, market analysis, and legal documentation review, to mitigate risks and ensure sound underwriting decisions.
• Manage and execute the loan closing process, working closely with internal teams and external partners to ensure smooth transaction execution.
• Develop and maintain relationships with lenders, financial institutions, and industry professionals to source credit investment opportunities and stay informed about market trends and lending practices.
• Analyze market conditions and industry trends to identify potential credit investment opportunities aligned with our credit strategy and risk appetite.
• Monitor and manage the performance of the loan portfolio, conducting periodic reviews and assessments to identify potential risks and recommend appropriate risk mitigation strategies.
• Provide guidance and mentorship to junior team members, fostering their professional development and growth.
• Occasional travel may be necessary as needed
• Perform all other duties and tasks as assigned by management
• Must be able to complete all physical requirements of this role with or without a reasonable accommodation

Ideally, you'll have

• Bachelor's degree in Finance, Real Estate, or a related field.
• Minimum of 7-10 years relevant work experience in real estate principal investing and/or commercial real estate finance, with a focus on loan execution and sourcing.
• Proven track record in successfully executing complex real estate loan transactions, from origination to closing.
• Strong knowledge of real estate underwriting principles, financial analysis, and risk assessment methodologies.
• Proficiency in financial modeling, cash flow analysis, and valuation techniques.
• Exceptional negotiation and relationship-building skills, with the ability to effectively collaborate with internal and external stakeholders.
• Strong organizational and project management abilities, with the capacity to handle multiple transactions simultaneously.
• Leadership qualities, including the ability to mentor and guide junior team members.

You'll crush it if you have experience with

• Student Housing, Build-to-Rent (“BTR”) or Multi-Family
• Deal sourcing and cultivating relationships with lenders, financial institutions, and industry professionals.

Organizational Structure

Reports to: Senior Managing Director, Strategy

Direct Reports: TBD

Disclaimer: Please note that job responsibilities, reporting lines, and duties outlined in this job description are subject to change to meet the evolving needs of the organization.

As an Equal Opportunity Employer, Core Spaces celebrates diversity and is committed to creating an equitable and inclusive environment, which creates a sense of belonging for all employees. We do not discriminate and believe every individual should be proud of who they are and the community they represent.

Qualifications