Full Job Description
Position Description
PIMCO is seeking an experienced commercial real estate financing professional to join its Private Strategies Portfolio Management team in New York.
The individual will be responsible for sourcing, structuring, negotiating and managing financing solutions across PIMCO's commercial real estate investment strategies, with a particular focus on obtaining leverage against commercial real estate debt and equity portfolios and investment vehicles.
The role will work closely with portfolio managers across PIMCO's private strategies and serve as a key interface with banks and other financing counterparties. The individual will evaluate financing alternatives, negotiate financing terms and documentation, execute new facilities, and actively manage existing financing arrangements.
The role would also involve the opportunity to deploy capital in commercial real estate financings in private investment grade mandates.
This is a financing and capital markets role rather than a traditional real estate acquisition or investment role. Deep knowledge of commercial real estate financing and lending markets is therefore critical.
Responsibilities
3ource, evaluate, structure and execute financing solutions across PIMCO's commercial real estate debt and equity portfolios and investment vehicles.
evelop and maintain relationships with banks and other financing counterparties to identify appropriate sources of leverage including warehouse, loan on loan, and senior mezz.
ead the negotiation of warehouse facilities and other secured financing arrangements, including economic terms, collateral requirements, covenants and related legal documentation.
valuate financing alternatives across individual investments, portfolios and fund or vehicle-level structures, balancing cost of capital, advance rates, structural protections, flexibility and liquidity.
artner closely with PIMCO's commercial real estate portfolio managers to understand investment pipelines, portfolio composition and expected financing requirements.
anage existing financing facilities, including collateral eligibility, borrowing capacity, covenants, margin requirements and other ongoing obligations.
ssess financing implications associated with new CRE investments and portfolio construction and provide recommendations to portfolio managers and senior stakeholders.
onitor developments across CRE financing and capital markets and identify opportunities to improve or optimize financing structures.
repare analysis and recommendations for senior investment professionals regarding leverage, financing capacity and financing strategy.
oordinate with Legal, Risk, Operations and other internal stakeholders in the execution and ongoing management of financing transactions.
ver time, and depending on experience, support financing requirements across PIMCO's European commercial real estate debt activities.
Qualifications
7+ years of relevant experience in commercial real estate financing, capital markets, structured lending or a closely related area. Seniority can flex depending on the depth and relevance of the candidate's experience.
eep knowledge of commercial real estate debt financing is essential.
xperience with CRE warehouse facilities or comparable portfolio financing structures.
trong understanding of secured lending structures, collateral analysis, advance rates, covenants and financing documentation.
emonstrated experience negotiating with banks, borrowers, asset managers, legal counsel and other transaction counterparties.
trong quantitative and analytical skills with the ability to evaluate financing economics and portfolio-level leverage.
nderstanding of commercial real estate credit underwriting and the risks associated with underlying CRE collateral.
xcellent written and verbal communication skills, with the ability to work effectively with senior portfolio managers and external counterparties.
achelor's degree required; advanced degree and/or CFA designation beneficial but not required.
PIMCO follows a total compensation approach when rewarding employees which includes a base salary and a discretionary bonus. Base salary is the fixed component of compensation that is determined by core job responsibilities, relevant experience, internal level, and market factors. The discretionary bonus is used to award performance and therefore is determined by company, business, team, and individual performance.
Salary Range: $ 205,000.00 - $ 305,000.00
