Peachtree Hotel Group is Hiring a CPACE Loan Asset Manager Near Atlanta, GA
The CPACE Loan Asset Manager will be a point of contact with PACE borrowers and be senior enough to perform site visits. The Asset Manager should track overall construction and related PACE draw progress, project completion deadlines, and communicate with the borrower about upcoming payment deadlines for their property to ward off the possibility of non-payment or delinquency. Will also ensure servicing functions are working well for the portfolio. Responsibilities
Monitor construction completion dates against assessment contract for all non-retroactive PACE loans
Handle any PACE budget allocation requests from borrower with draw servicing
Send payment reminders to borrowers, especially for those that are about to make first payment once capitalized interest reserve burns off
Interface with Amerinat on all billings we are required to send as capital provider
Ensure any post-construction engineering reports or program administrator certificates are submitted to close out construction with program administrators
Monthly portfolio reporting for various facilities
Maintain and update cash flow waterfall files for all facilities
Reconcile cash in collection accounts for borrower payments for current pay assessments
For all assets in capitalized interest reserve period, calculate amount of interest due and request transfers of capitalized interest reserves to various facility collection accounts for payment date computations
Review PACE draw requests and work with existing draw servicing to fund
Ensure borrower/guarantor are delivering financial info per financial covenants in loan documents
Ensure Amerinat invoices get paid
Ensure Trustee invoices get paid for bond deals
Various data tapes for investment bankers and capital partners
Questionnaires and power point presentations/refresh with updated portfolio information for rating agencies
Create year end reporting for CPACE to borrowers, something similar to a 1098, but for assessments
Ensure year end audit confirmations from borrowers are completed timely