About Prime Finance:
Prime Finance, founded in 2008, is a well-established, diversified commercial real estate credit investment platform with more than $13 billion in assets under management. Prime Finance has two primary lending strategies that structure financing solutions ranging in size from $10 to $200+ million with teams in San Francisco, Chicago, and New York that originate loans and provide capital across the commercial real estate spectrum. In addition to our lending programs, Prime Finance is an active investor in investment grade and below-investment grade CMBS both at original issuance and on the secondary market.
Prime Finance Special Situations (“SPS”):
Based in Chicago, SPS invests across the capital stack with an emphasis on dislocated capital structures backed by commercial real estate across the U.S. SPS originates customized capital solutions via stretch senior, subordinate and mezzanine loans, participating debt and preferred equity, and opportunistic rescue capital and joint venture equity investments to stabilize or reposition assets. SPS also acquires sub- or non-performing debt and debt-like instruments in the secondary market. The SPS strategy is capitalized through a dedicated series of discretionary closed-end private equity funds.
Job Summary:
The Associate will be a key member of the Special Situations Investment Team, which originates and structures debt and equity investments across all property sectors with a primary focus on major U.S. markets.
As an Associate on the team, an ideal candidate will work closely with other senior investment professionals and generally be responsible for supporting the Special Situations team with all aspects of the investment and asset management processes with a primary focus on performing due diligence, preparing investment committee presentation materials, supporting complex transactions and managing portfolio investments.
Essential Functions:
- Assist the Special Situations team with all aspects of investment opportunity review, due diligence, closing, and investment management/business plan execution
- Participate in the assessment and structuring of investment opportunities by critically evaluating the merits and risks of the investment through the development of financial metrics, models, and sensitivities
- Build and maintain complex financial models, including cash flow projections, scenario analyses, investment sizing, and bespoke returns waterfalls
- Analyze operative legal documents and term sheets to ensure alignment with underwriting assumptions and deal objectives
- Support and coordinate with third-party vendors on due diligence, data collection, and credit/underwriting review
- Assist in the preparation of comprehensive investment committee materials and communicate conclusions and investment risks to senior management for approval during Investment Committee and other periodic portfolio reviews
- Support interactions with Legal, Capital Markets, Accounting, and Compliance as needed
- Assist the Asset Management function with aspects of business plan execution and investment management, including monitoring property operations to support proactively reducing risk and strengthening asset performance
- Perform other duties as assigned or requested
Qualifications:
- Two to five years of relevant experience in a real estate debt origination or equity investing role
- Bachelor’s degree (BS/BA) required
- Excellent written and verbal communication skills and an ability to present complex financial analysis
- Familiarity with multiple property types such as office, multifamily, retail, and lodging
- Exceptional financial modeling skills in Excel and advanced proficiency in Argus (Argus certification preferred).
- Technical and aesthetic mastery of PowerPoint
- Experience utilizing customary industry research resources to collect and organize key data
- Familiarity with operating characteristics of real estate projects (revenue, expenses, capital expenditures, tenant credit, lease structures, etc.)
- Strong work ethic and an ability to work effectively on multiple projects simultaneously and proactively execute responsibilities without direct oversight
- Desire to join an entrepreneurial team and grow along with the Special Situations platform
- Problem-solving attitude and team player
The expected salary for this role is $115,000 - $180,000. Actual compensation will be determined by several components, including but not limited to: relevant experience, skills and qualifications, base salary of internal peers, and geographic location. In addition to base salary, this role may be eligible for a discretionary annual bonus and a variety of financial, wellbeing, and health / welfare benefits.
Equal Opportunity Employer:
Prime Finance provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state, or local laws. This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation, and training.
