CAPITAL MARKETS ASSOCIATE

Company: Hammes Company
Location: Milwaukee
Posted on: October 31, 2024

Job Description:

Join Our TeamConsider a career with Hammes if you are interested in being a part of a dynamic and entrepreneurial environment! We have been recognized as one of the Best Places to Work in Healthcare by Modern Healthcare and one of the Best Places to Work in Money Management by Pensions & Investments.
Founded in 1991, Hammes is a vertically integrated real estate solutions platform. Our capabilities include real estate strategy and planning, project management, development, investment and property management for healthcare clients and other leading institutions. Hammes is consistently ranked as one of the nation's top healthcare developers by both Modern Healthcare's Construction & Design Survey and Revista's Outpatient Healthcare Real Estate Development Report.

Position Summary

The Capital Markets Associate will be responsible for the sourcing, structuring and documenting of real estate debt for the firm's private equity real estate platform.

Principal Duties and Responsibilities

This list of duties and responsibilities is not all inclusive and may be expanded to include other duties and responsibilities, as management may deem necessary from time to time.

• Works collaboratively with other Capital Markets team members in determining the strategy behind each debt execution.
• Assists in negotiating, documenting, and closing A&D, construction and permanent loans pertaining to all acquisition and development-oriented investments.
• Develops and maintains relationships with prospective construction and permanent lenders to source efficiently priced capital for all new acquisition and development opportunities and refinancing of existing portfolio investments.
• Works collaboratively with Investments team members to prepare financing packages for each debt execution.
• Works with the Investments team and third-party consultants to define hedging strategies associated with each debt execution.
• Works collaboratively with the Accounting team to coordinate the use of the platform's subscription line of credit and project level financings in connection with the Firm's investment activities.
• Assists in managing and driving loan assumption processes in connection with the monetization of investments.
• Monitors loan transaction flow process and respective timelines to ensure deadlines are met and that each loan closing is advancing according to the appropriate schedule.
• Prepares weekly progress reports and communicate status during regularly scheduled team meetings.
• Sources local lending relationships (e.g. banks and other commercial lenders) in target markets to achieve optimal execution when warranted.
• Assist in populating database of local and regional debt providers to create efficiencies in the debt procurement process within targeted markets.
• Proposes the most efficient and effective execution on a deal-by-deal basis given the profile of specific investments or refinance initiatives.
• Collaborates with the Investments team to facilitate concurrent closings of investments and debt.
• Manages the productivity of any brokers that serve as correspondents in the permanent lending markets (e.g. life insurance company executions).
• Contributes to the preparation of investment committee memorandums pertaining to capital markets.
• Monitors changes in the debt markets and provides recommendations as to timing of any refinancing from a portfolio management perspective.
• Stays current with market trends in the real estate lending space and shares market updates with team.
• Other ad hoc assignments and special projects as assigned by the Firm's management across all functional areas in the platform. Knowledge, Skills & Abilities
  
  The requirements listed below are representative of the knowledge, skills, and abilities required to perform this job successfully.
  • Bachelor's degree in Finance, Real Estate, Business Administration, or equivalent combination of education and work experience. Master's degree strongly preferred.
  • A minimum of 3 years of real estate experience with proven experience to develop and maintain trusted relationships internally and externally.
  • Demonstrated experience in sourcing debt, negotiating legal documents, and structuring transactions.
  • A self-starter with strong judgement and ability to spot opportunities and develop creative solutions.
  • Results-driven and ability to work collaboratively as well as independently.
  • Displays the utmost attention to detail.
  • Highly organized and able to multi-task in a high-paced environment (time management skills) with a strong sense of urgency.
  • Must have strong interpersonal and communication skills.
  • Advanced knowledge of Microsoft Office and proficient in Excel, Word, PowerPoint.
    
    Please see attached for a complete job description.

Keywords: Hammes Company, Des Plaines , CAPITAL MARKETS ASSOCIATE, Other , Milwaukee, Illinois