Job Description

Join to apply for the Head of Bridge Loan Asset Management role at Greystone

Greystone is a private national commercial real estate finance company with an established reputation as a leader in multifamily and healthcare finance, with over $12 billion in loan originations in 2024. The firm ranks in the Top 10 for Fannie Mae & Freddie Mac multifamily loan originations and is the #1 HUD Multifamily and Healthcare Lender nationally. Greystone also excels in affordable housing, seniors housing, and small balance loans. At Greystone, charity is central to our identity and mission.

Our culture is driven by our purpose of improving lives. We prioritize a culture of caring, support, inclusion, and belonging, guiding our actions and fostering innovation and entrepreneurship.

We are seeking a Head of Bridge Loan Asset Management , who will oversee a newly-created department responsible for managing the bridge loan portfolio of the Greystone Senior Debt Fund, which invests in loans to multifamily and seniors housing properties, underwritten to be repaid with permanent financing from Fannie Mae, Freddie Mac, and FHA/HUD.

This individual will join a top-tier bridge lending platform and lead the re-establishment of an internal asset management function, currently performed by a third-party, which expires in 2025. Greystone’s bridge lending platform has originated over $13 billion since 2004, managing a portfolio of 157 loans with an aggregate principal of over $4 billion.

Primary Duties and Responsibilities:

1. Report to the head of Greystone Servicing and manage a department of 8-10 professionals overseeing the bridge loan portfolio.
2. Monitor risk profiles and serve as the responsible party for stakeholder communications.
3. Review monthly financial spreads, borrower draw packages, and perform property inspections.
4. Process credit modifications, transfers, and non-assumption consents.
5. Collaborate with borrowers and stakeholders to address credit weaknesses and defaults.
6. Evaluate loans for watchlist status, monitor compliance, and prepare reports for management and investors.
7. Develop modification and workout plans for troubled loans.

Experience, Skills, and Abilities Required:

• Minimum 5 years in a leadership role managing a $1B+ portfolio of floating-rate transitional loans, preferably in the bridge-to-Agency space.
• Strong knowledge of real estate markets, especially multifamily and seniors housing.
• Excellent organizational, communication, and negotiation skills.
• Ability to work under pressure, manage multiple projects, and adapt to changing conditions.
• Bachelor’s degree in Finance, Real Estate, or related fields; 15+ years of relevant experience; Master’s degree preferred.

Greystone values diversity and inclusion, fostering an environment where all individuals can thrive. We offer a competitive salary range of $200,000 to $250,000 annually, with potential bonuses based on performance.

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