What are the responsibilities and job description for the Asset Manager - Bridge Lending (Healthcare) 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 Healthcare Asset Manager to be based in Atlanta, GA or Dallas, TX. 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:
Candidates must have a firm comprehension and proven track record with healthcare properties to perform the following tasks:
*The firm is the #1* overall HUD multifamily and healthcare lender by firm commitments, and a top 10 Fannie Mae and Freddie Mac multifamily real estate lender.*
*For HUD's 2024 fiscal year ending September 30, 2024. Based upon combined firm commitments received by Greystone Funding Company LLC and Greystone Servicing Company LLC and excludes risk sharing and hospital loans.*
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 Healthcare Asset Manager to be based in Atlanta, GA or Dallas, TX. 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:
Candidates must have a firm comprehension and proven track record with healthcare properties to perform the following tasks:
- Work closely with borrowers, property management agents and Greystone as servicer to collect, normalize and analyze financial and operating statements;
- Assess progress versus asset business plan underwritten at loan closing;
- Prepare periodic reports to co-investors and warehouse line providers;
- Ability to handle a portfolio of highly complex and/or high profile assets;
- Create solutions to return any underperforming or delinquent loans to performing status;
- Prepare action plans and recommendations on troubled assets for presentation to senior management and investors;
- Understand loan documentation and real estate on a business level;
- Familiarity with third-party reports such as Physical Needs Assessments, Appraisals, and Broker Opinion of Value; and,
- Conduct property inspections as required.
- A Bachelor’s degree in: Finance, Accounting or Business Administration
- At least three (3) to six (6) years of relevant real estate lending and/or asset management experience
- Strong verbal and electronic communication skills with well-developed negotiating skills are essential
- An ability to exercise intellectual honesty when presenting information
- Ability to navigate special projects as assigned with minimal oversight
- Consistently produces at a high level with a minimum of supervision or revision necessary
- Participates in special projects and shows flexibility in providing additional insight when needed.
- Consistently produces work that is of high quality
- Coordinate with other Greystone departments such as Finance, Legal, Accounting, Loan Servicing, etc.
- Proficient in Microsoft Office Products, with an emphasis on: Excel, PowerPoint, and Word.
*The firm is the #1* overall HUD multifamily and healthcare lender by firm commitments, and a top 10 Fannie Mae and Freddie Mac multifamily real estate lender.*
*For HUD's 2024 fiscal year ending September 30, 2024. Based upon combined firm commitments received by Greystone Funding Company LLC and Greystone Servicing Company LLC and excludes risk sharing and hospital loans.*
