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PGIM Real Estate’s Originations team engages in all aspects of the loan origination process. As a Vice President, Originations on the Mid-Atlantic/Florida Loan Originations Team you would be directly responsible for sourcing and originating multifamily and commercial real estate debt investments for Prudential’s wide variety of capital sources including general account, separate accounts, core plus debt fund, structured debt strategies, Fannie Mae, Freddie Mac, and FHA.
The Vice President, Originations will join a fully integrated mortgage origination team responsible for $1 billion to $1.5 billion of annual production. The expectation is that this person will assume direct originations responsibilities upon joining. We seek demonstrated experience successfully originating and negotiating commercial real estate loans as evidenced by a track record of closed loans over.
What you can expect:
- Assist the team’s primary Loan Officer in all aspects of the loan origination process, including analysis and underwriting, debt structuring, pricing strategy, creating presentations to senior management for pricing and loan authorization, due diligence review, transaction negotiation and closing.
- Maintain responsibility for assisting the team’s analysts and associates with closing and due diligence review.
- Manage training and maintain oversight for the team’s analysts and associates.
- Interact with existing and prospective borrowers, intermediaries, industry peers and the legal community on deals.
- Assist and provide support to the Loan Officer in sourcing (directly and through partnering internally) and originating commercial real estate debt investments for PGIM’s various investors.
- In addition to providing support to the primary Loan Officer, directly originate commercial real estate investments for PGIM’s various investors.
- Develop relationships with prospective borrowers and intermediaries while maintaining and building enduring relationships with existing clients across the platform.
What you will bring:
- Minimum of 7 or more years of experience in commercial real estate lending
- Proven experience originating commercial real estate loans
- A credit mindset and the ability to review, structure and underwrite loans to mitigate risks corresponding to the needs of PGIM’s various capital sources.
- Strong quantitative skills and demonstrated analytical ability.
- Excellent organizational skills and attention to detail with ability to manage multiple projects simultaneously.
- Outstanding written, oral communication, and interpersonal skills.
- Ability to work both independently and as an integral member of a team.
- Proficiency in MS Office applications, (Excel, Word, and PowerPoint) required.
- Willingness to travel occasionally and attend industry events and conferences, required.
- Interact professionally with internal and external parties, including originations, transactions, risk, legal, developers, investment firms, borrowers, and third‐party service providers.
What will set you apart:
- Experience working with all real estate asset classes
- Experience using Argus Enterprise
- Self‐motivated with perseverance, and a hands‐on, proactive style.
- MBA from a top program preferred, but candidates with additional lending experience will be given similar consideration.
Source: Prudential’s Career Page
