Private Credit Analyst, Commercial Real Estate

Firm Overview

Balbec Capital (“Balbec”) is an SEC-registered alternative investment manager with offices in the United States and Europe. Since its founding in 2010, Balbec has deployed over $29 billion globally through its funds and investment vehicles, seeking to deliver consistent, risk-adjusted returns to investors and long-term partners across asset-based credit strategies.

Balbec is a direct investor in residential and commercial mortgage loans at all stages of performance, mortgage servicing rights, and select consumer and alternative credit assets. Leveraging its proprietary technology and transaction management platform, Balbec efficiently executes highly granular transactions, enabling the firm to serve a broader range of counterparties and generate returns for investors by applying institutional execution standards to inefficient, underserved, or fragmented markets.

Balbec’s funds rank among the largest issuers of U.S. residential mortgage-backed securities (RMBS) through its PRPM shelf. The firm’s investments in agency mortgage servicing rights are sourced via its affiliate, Bungalow Funding.

Balbec has invested in over 20 countries, selectively deploying capital into geographically and asset-diverse opportunities that exhibit attractive risk/reward profiles, upside potential, and substantial downside protection.

Job Description & Key Responsibilities

Balbec Capital is hiring an Analyst for our Commercial Real Estate Group based in our Midtown NYC office. This critical role will help grow our bridge loan origination franchise which is focused on hospitality and multi-family sectors. Our ideal candidate would also have some experience in distressed CRE Debt, higher yielding / credit CMBS, and special situations. This is an entry-level role and is open to recent graduates or students graduating in May 2026.

*This role is not eligible for sponsorship.*

Responsibilities include:

• Candidate will be involved in every stage of the deal from pricing, term sheet negotiation, underwriting, due diligence, loan closing, and asset management
• Maintaining detailed surveillance on warehouse facility utilization, lender/investor feedback, asset notes, and monitoring warehouse covenants
• Providing feedback on market conditions, competition, supply/demand dynamics, and insights regarding new opportunities
• Collaborating with other members of the investment team to achieve company objectives

Qualifications & Experience

• Undergraduate degree in Finance, Accounting, Economics, Mathematics or similar
• Ability to proactively interact with, and accumulate market data from brokers, borrowers, appraisers, third-party data providers, property managers, and other CRE professionals
• Team player who is efficient, organized, and proactive with good interpersonal skills
• Must have a keen eye for deal sourcing and conservative bend for underwriting
• Familiarity with mortgage loan structures, warehouse facility documentation, and/or securitization structures is a plus

Equal Employment Opportunity

Balbec Capital LP is committed to ensuring equal employment opportunities for all employees, including qualified employment applicants. The firm strives to maintain an environment free of discrimination based on race, color, religion, gender, national origin, ancestry, age, disability, genetic information, military or veteran status, marital status, sexual orientation, gender identity, citizenship, or any other protected category or characteristics as defined by federal, state or local laws. This equal employment opportunity policy applies to all employment practices, including but not limited to recruiting, hiring, advertising, promotion, transfer, reductions in force, social and recreational programs, training, employee development, compensation and fringe benefits, discipline and termination.

Disclaimer for External and 3rd Party Recruiters:

Please note that Balbec Capital does not accept unsolicited resumes from external or third-party recruiters. All recruitment-related inquiries and submissions must be directed exclusively to our HR department at careers@balbec.com. We kindly request that recruiters refrain from contacting any other employees within the organization regarding job opportunities. Any unsolicited resumes sent to our employees or submitted outside of the designated HR contact will become the property of Balbec Capital without any obligation to pay referral fees. Thank you for your cooperation.