Description and Requirements The Opportunity Real Estate Debt MIM offers investors a Commercial Mortgage strategy that seeks to identify lower leveraged mortgages offering higher relative value and greater protection from default risk. Our commercial mortgage business is largely focused on primary markets with some select investments in defined secondary and tertiary markets. We focus on institutional-quality office buildings, retail centers, apartment complexes, industrial properties, and hotels. Professionals in MIM's regional field office network solicit, underwrite, and process the loans and have in-depth real estate knowledge and longstanding industry relationships. Global Real Estate and Agricultural Investments sources and manages commercial real estate investments through seven regional field offices in the U.S. and International field offices in London, Tokyo, Mexico City and Santiago. The seven U.S. regions are headquartered in Chicago, Dallas, San Francisco, Los Angeles, Atlanta, Washington DC, and Whippany, NJ.
The Role :
The successful candidate will source, identify, analyze, originate, close and manage commercial mortgage loan opportunities to fulfill the investment needs of MetLife Investment Management's real estate lending platform.
Key Responsibilities - Originate, close and manage new commercial real estate loan investments across multiple asset classes located in the Northeastern US.
- Develop, expand and maintain external relationships with key market participants, such as mortgage bankers, developers, consultants, and investors which extend beyond existing MetLife relationships.
- Solicit investment opportunities from market participants and communicate MetLife's commercial real estate loan lending parameters and products.
- Evaluate new commercial real estate loan investment requests in view of MetLife investment criteria.
- Underwrite potential new commercial real estate loan investments, including evaluating the collateral, sponsorship, and structure; identify potential risks and propose appropriate mitigation structures.
- Prepare transaction memoranda and present to investment committees for approval.
- Manage the closing process for new transactions, including negotiating loan applications and loan documents, completing all due diligence, and coordinating a closing team that includes loan asset managers, analysts, attorneys, architects, appraisers and other third-party service providers.
- Participate in the management and administration of commercial real estate loan investments in the Regional Office portfolio, including annual mortgage ratings, collateral valuations, property inspections, lease approvals, and loan assumptions and modifications.
- Mentor and develop junior associates.
- Evaluate and monitor ongoing performance of commercial real estate loan portfolio in accordance with stated strategies. Develop strategies for sub-performing loans.
- Fulfill all loan portfolio reporting requests, as needed.
- Maintain a close relationship with Debt Strategies Group.
- Collaborate with Regional Office colleagues to drive increased production of debt transactions across the entire MetLife platform
Required Qualifications Essential Business Experience and Technical Skills: - Results-driven professional with 10+ years of experience originating commercial mortgage loan assets
- Expertise and strong relationships with key regional market participants, including brokers, borrowers, bankers, developers, and operators relevant to the commercial mortgage loan market
- Understanding of all major asset classes in commercial real estate
- Strong credit skills and demonstrated ability to analyze and appropriately price risk
- Comfort and credibility presenting accurate and compelling recommendations to executive Investment Committee members
- Demonstrated ability to develop and introduce profitable investment strategies and execute same through dynamic leadership, strategic planning, and collaboration with experienced internal and external partners
- Strong marketing and negotiation skills
- Bachelor's degree required; MBA preferred
- Understand and use of AI platforms to assist and supplement workflow efficiencies.
Preferred Qualifications Strong interpersonal, oral, and written communication skills with ability to thrive in a collaborative, matrixed team environment.
Commitment to mentoring and developing junior associates.
D emonstrated computer skills including proficiency with Argus Enterprise, Excel, Word, PowerPoint
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Location Expectation: This is a hybrid role
requiring a minimum of 3 days per week in office.
The expected salary range for this position is $165,000 - $185,000 . This role may also be eligible for annual short-term incentive compensation and stock-based long-term incentives. All incentives and benefits are subject to the applicable plan terms.
Benefits We Offer Our U.S. benefits address holistic well-being with programs for physical and mental health, financial wellness, and support for families. We offer a comprehensive health plan that includes medical/prescription drug and vision, dental insurance, and no-cost short- and long-term disability. We also provide company-paid life insurance and legal services, a retirement pension funded entirely by MetLife and 401(k) with employer matching, group discounts on voluntary insurance products including auto and home, pet, critical illness, hospital indemnity, and accident insurance, as well as Employee Assistance Program (EAP) and digital mental health programs, parental leave, paid time off, paid holidays, volunteer time off, tuition assistance and much more! For more information regarding MetLife's U.S. benefits, please
click here .