Head of Bridge Loan Asset Management

Greystone is a private national commercial real estate finance company with an established reputation as a leader in multifamily and healthcare finance, with $13 billion in loan originations in 2025. The firm consistently ranks in the Top 10 for Fannie Mae & Freddie Mac by multifamily loan volume 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.

Greystone is seeking a Head of Bridge Loan Asset Management to lead asset management of its multifamily and healthcare bridge loan portfolio and advance its internal asset management platform. This executive is accountable for portfolio performance, credit quality, risk management, collateral value preservation, and loan resolution.

The position requires an analytical, commercially oriented leader capable of evaluating financial and operating performance, making timely credit decisions, leading a multidisciplinary team, and overseeing proactive portfolio surveillance, disciplined execution of asset-level strategies, and successful loan exits. The emphasis is on credit-focused asset management rather than traditional loan servicing.

Primary Duties and Responsibilities

1. Executive Leadership and Organizational Management

- Lead and develop the asset management team; establish clear accountability, resource priorities, objectives, and performance indicators.
- Establish and maintain consistent policies, operating standards and internal controls, and clearly define decision-making responsibilities and authority.
- Partner with Originations, Credit/Underwriting, Legal, Finance, Capital Markets, Servicing, Closing, Technology, and senior management.

2. Portfolio Credit Risk Management and Surveillance

- Direct portfolio surveillance, risk ratings, segmentation, watchlists, escalation protocols, and asset-level mitigation plans.
- Monitor performance against underwriting, business plans, budgets, and market benchmarks, including NOI, NCF, occupancy, rents, expenses, DSCR, debt yield, LTV, liquidity, covenants, and refinancing capacity.
- Develop early-warning indicators, stress tests, and sensitivity analyses; present emerging risks and mitigation recommendations to senior management and investment committees.

3. Financial Analysis, Valuation, and Decision Support

- Set analytical standards and oversee business plans, operating forecasts, cash flow projections, and collateral valuations using capitalization, discounted cash flow, and market comparables.
- Compare alternative business plans, capital investments, modifications, and exit strategies; assess agency, FHA/HUD, bank, and other permanent refinancing feasibility.
- Provide clear recommendations on credit risk, capital allocation, extensions, modifications, and resolution strategies.

4. Multifamily and Healthcare Asset Performance

- Oversee asset business plans, capital improvements, construction draws, budgets, inspections, and stabilization milestones to improve cash flow and collateral value.
- Monitor multifamily occupancy, collections, concessions, bad debt, expenses, capital expenditures, and leasing velocity.
- Assess skilled nursing, assisted living, independent living, and memory care performance, including census, payer mix, reimbursement, staffing costs, margins, compliance, operator strength, and contractual obligations; recommend management or operating changes.

5. Loan Workouts, Restructuring, and Special Assets

- Lead distressed-loan workouts; compare extensions, modifications, recapitalizations, discounted payoffs, note sales, foreclosure, deed-in-lieu, and collateral dispositions.
- Assess recovery, timing, capital needs, legal costs, execution risk, and borrower/guarantor capacity, liquidity, net worth, and recourse; negotiate credit enhancements and principal paydowns.
- Coordinate counsel on enforcement, litigation, bankruptcy, receiverships, and foreclosure; establish milestones and maximize risk-adjusted recoveries.

6. REO Management and Value Creation

- Direct REO stabilization, property management, capital investment, and disposition strategies with managers, brokers, appraisers, counsel, and other advisors.
- Approve and monitor business plans, cash flows, capital needs, valuations, and exit timelines; evaluate holding, improving, refinancing, or selling assets.

7. Loan Administration, Compliance, and Credit Execution

- Oversee loan agreement compliance, reporting, covenants, reserves, insurance, taxes, inspections, and timely resolution of covenant, performance, and monetary defaults.
- Direct approvals for draws, capital expenditures, modifications, transfers, assumptions, and consents; maintain credit escalation procedures, documentation, and audit trails.

8. Technology, AI, and Data-Driven Asset Management

- Own the business strategy and requirements for platform modernization and oversee implementation, partnering with Technology and Data teams responsible for technical development.
- Advance data integration, financial spreading, covenant testing, risk monitoring, workflow automation, and dashboards covering performance, credit migration, watchlists, maturities, and refinancing risk.
- Lead the adoption and implementation of AI-enabled financial analysis, document review, portfolio surveillance, early-warning identification, and reporting, with appropriate data governance, quality controls, validation, and human oversight.

9. Executive Reporting and Stakeholder Management

- Deliver concise portfolio, watchlist, credit, and strategic reporting to senior management, investment committees, fund investors, CLO stakeholders, warehouse lenders, and financing counterparties.
- Serve as a senior contact for borrowers, sponsors, operators, and counterparties; partner with Originations and Capital Markets to support repayment and transition to permanent financing.

Experience, Skills, and Qualifications

Required Qualifications

- Minimum 15 years of progressively responsible commercial real estate finance experience, with significant leadership in credit-focused asset/portfolio management, credit risk, or special assets and substantive credit and workout responsibility.
- Experience managing substantial transitional loan portfolios, preferably exceeding $1 billion in principal balance.
- Extensive multifamily bridge lending, floating-rate debt, stabilization, and bridge-to-agency experience.
- Strong credit analysis, valuation, underwriting, modeling, debt structuring, negotiation, and executive communication skills; ability to make timely, commercially sound recommendations.
- Demonstrated workouts, restructurings, modifications, and enforcement experience; proven team leadership and operational process development; experience with executives, committees, investors, and financing counterparties.

Preferred Qualifications

- Healthcare finance experience across skilled nursing, assisted living, independent living, and memory care; knowledge of reimbursement, operator credit, and PropCo/OpCo structures.
- Fannie Mae, Freddie Mac, and FHA/HUD financing experience; REO, receivership, foreclosure, and property-level value creation experience.
- Success implementing surveillance systems, dashboards, automation, and data-driven credit processes; familiarity with AI-enabled analysis, document processing, and reporting.
- Bachelor's degree in Finance, Accounting, Real Estate, Economics, or a related discipline; advanced degree preferred.

Leadership Attributes

Strategic and commercial judgment; analytical rigor; disciplined execution and accountability; collaborative team leadership; and a commitment to technology-enabled innovation and continuous improvement.

Greystone offers a competitive base salary and bonus. The base salary range for this position is $250,000 to $300,000/year depending on where the hired candidate is located. The specific compensation that will be offered is based on an understanding of the hired candidates' qualifications at the time of hire. Employees are eligible for a discretionary bonus based on employee work performance reviewed during the annual review process.

At Greystone, we believe that finding creative solutions for our clients comes from the collaboration of people with diverse backgrounds and perspectives. We strive to build a work environment that empowers all individuals with opportunities to channel their entrepreneurial spirit. Greystone is an EEO employer.

*For HUD's 2025 fiscal year ending September 30, 2025. Based upon combined firm commitments received by Greystone Funding Company LLC and Greystone Servicing company LLC and excludes risk sharing and hospital loans.”

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