Director of Real Estate Loan Acquisitions & Portfolio Management

Job description:

Pacifica Companies is a privately held real estate investment company with investments in hotels, senior housing, multifamily properties, retail developments, single-family residences, and loans secured by real estate. Pacifica has been in business since 1978.

The Role

Pacifica is seeking an experienced Director of Real Estate Loan Acquisitions & Portfolio Management to lead the acquisition and management of our portfolio of short-term, business-purpose loans secured by California real estate. Pacifica is an investor — not a direct lender. We acquire loans sourced through licensed California real estate brokers.

The portfolio is composed primarily of loans to fix-and-flip investors, buyers of single-family rental properties, and borrowers using residential bridge financing, with a smaller component secured by commercial real estate.

Pacifica’s approach emphasizes conservative underwriting and disciplined property valuation, with the goal of building and maintaining a portfolio of safe, well-performing loans.

This role reports directly to the principals, oversees an existing assistant/associate, and is responsible for each loan from acquisition through payoff.

Pay: $100,000.00 - $110,000.00 per year

Key Responsibilities

Loan Acquisitions & Underwriting

• Cultivate and expand relationships with licensed real estate brokers and other industry partners that source loan opportunities.
• Identify and analyze short-term, business-purpose loan opportunities secured by California real estate.
• Assess collateral value, borrower information, credit profile, exit strategy, rent rolls, rehab budgets, and other due diligence materials.
• Prepare written loan summaries and recommendations for ownership approval.
• Review loan documents and closing materials for consistency with approved business terms.

Portfolio Management

• Manage the existing loan portfolio, including payments, maturities, extensions, payoffs, releases, modifications, defaults, workouts, and foreclosure-related matters.
• Manage and develop existing assistant/associate.

Servicer Oversight & Reporting

• Oversee third-party loan servicers; monitor servicer reporting and reconcile loan balances, payments, fees, advances, interest, reserves, holdbacks, payoff demands, and extension calculations.
• Coordinate with accounting on payments, wires, deposits, check requests, loan purchases, payoffs, and portfolio reporting.

Qualifications

• Minimum of 5 years of experience in private-money or business-purpose real estate lending, loan acquisitions, loan servicing, portfolio management, real estate investment, or commercial lending.
• Experience with California real estate–secured lending strongly preferred.
• Strong valuation and underwriting skills for residential business-purpose lending (fix-and-flip, single-family rental, residential bridge), with working knowledge of commercial real estate underwriting given there is also a commercial component of the portfolio.
• Strong understanding of notes, deeds of trust, guarantees, title insurance, escrow, appraisals, payoffs, loan modifications, extensions, and foreclosure concepts.
• Comfort with loan-level accounting concepts sufficient to reconcile loan balances, interest, payments, fees, reserves, advances, holdbacks, payoff demands, and servicer reports.
• Strong writing, communication, organization, and Excel skills.
• Must be able to work in Pacifica’s San Diego corporate office.

Compensation & Benefits

• Base salary of $100,000–$110,000 plus bonus tied to portfolio performance.
• Health, dental, and vision insurance.
• 401(k).
• Paid vacation, holidays, and sick leave.

The above statements are intended to be a general description. The omission of a specific duty does not exclude it from the position if work is similar, related or logically assigned. Moreover, the description is subject to change as the needs of the employer or position change.

We are a drug-free workplace, and all employees will undergo background and drug screenings to ensure a safe, reliable, and productive work environment. These checks help us maintain the integrity of our team and ensure that all employees can perform their duties safely and effectively.

We are an Equal Employment Opportunity Employer committed to hiring a diverse workforce and maintaining an inclusive culture. All qualified applicants will receive consideration for employment, without regard to their race, religion, ancestry, national origin, sex, sexual orientation, age, disability, marital status, medical condition, and any other status protected by state or federal law. As an Equal Employment Opportunity Employer, we comply with the Americans with Disabilities Act (ADA) to make reasonable accommodation to qualified individuals. Qualified individuals are encouraged to discuss potential accommodations with the employer.