Job Information
Morgan Stanley Asset Management - Mesa West Capital - Vice President in Los Angeles, California
*Company Overview: *
Morgan Stanley Investment Management (“MSIM”), together with its investment advisory affiliates, has more than 1,400 investment professionals around the world and $1.5 trillion in assets under management or supervision as of March 31, 2024. Morgan Stanley Investment Management strives to provide strong long-term investment performance, outstanding service and a comprehensive suite of investment management solutions to a diverse client base, which includes governments, institutions, corporations and individuals worldwide.
Mesa West Capital, a subsidiary of Morgan Stanley Investment Management, is a commercial real estate portfolio lender with over $8 billion in assets under management. Headquartered in Los Angeles with offices in New York, Chicago, Houston and San Francisco, Mesa West has been a leading provider of commercial real estate debt since its founding in 2004. Mesa West provides non-recourse first mortgage loans for core/core-plus, value-add, and transitional properties throughout the United States. Its lending portfolio includes all major property types with loan sizes ranging from $20 million to $400 million. Since inception, the firm has sourced and closed more than 400 transactions totaling over $27 billion. Mesa West manages institutional capital through a series of private equity funds (open-end, closed-end and separate account mandates). This is an opportunity to join a successful, market-leading platform, and participate in the further growth of the company.
For more information please visit our website atwww.mesawestcapital.com.
Job Description:
The individual will be a senior member of the Asset Management team based in the Los Angeles office and will manage loan assets originated from all Mesa West office locations. This person will manage a specified portfolio across several regions and be actively involved in all facets of asset management, including monitoring, reporting, restructuring and modifying existing loans in the portfolio. Reporting to Mesa West senior leadership, the ideal candidate will be highly motivated, organized, and dynamic as the team interacts with all areas of the firm including Originations, Investor Relations, Accounting, and senior leadership. The candidate will also interface with the outsourced loan servicing team.
This role presents an excellent opportunity for an officer level position at a high-performing firm with an institutional client base.
PRIMARY RESPONSIBILITIES · Officer level position within the Mesa West Capital Asset Management team which consists of analysts, associates, and a dedicated outsourced servicing team. · Proactively manage and monitor a portfolio of highly structured loans secured by institutional commercial real estate located in various geographic locations. · Work within the Asset Management team to oversee the large institutional CRE loan portfolio. · Perform quantitative and qualitative analyses of property and borrower performance. · Understand and implement loan structure as outlined in loan documents. · Make recommendations and prepare Investment Committee memorandums for loan modifications, restructuring, or other deal-related items. · Negotiate legal documentation for loan modifications. · Maintain strong rapport and relationships with borrowers and sponsors throughout the life of a loan. · Monitor property business plans, monthly operating performance, and capital projects. · Manage draw/funding requests. · Present quarterly asset reviews to entire firm. · Interact with and direct third-party consultants including attorneys and inspectors. · Periodic property inspections.
REQUIREMENTS & QUALIFICATIONS
Candidates for this position must have the following:
· 7 years of experience in an asset management, portfolio management or other institutional lending role involving commercial real estate secured debt. · An undergraduate degree in business, finance, economics, management or real estate; MBA or graduate degree a plus. · In-depth knowledge and experience with real estate finance and private equity. · Extensive experience in real estate credit, risk analysis, and structuring to mitigate risk. · Experience utilizing an all-encompassing analytical (both quantitative and qualitative) approach to business and problem solving. · Ability to be dynamic and operate efficiently in a fast-pasted environment. · Ability to be proactive and solution-oriented while maintaining strong relationships and providing excellent customer service. · The ability to effectively multi-task and undertake a large number and variety of tasks while maintaining high quality work product. · Strong written, verbal communication, presentation, and management skills. · Legal knowledge and the ability to interpret, implement, and negotiate legal documents. · Self-motivated, thoughtful, detail oriented and highly organized. · Unquestioned personal and professional integrity and ethical behavior. · Excellent interpersonal skills with the ability to work in a collaborative environment.
Morgan Stanley's goal is to build and maintain a workforce that is diverse in experience and background but uniform in reflecting our standards of integrity and excellence. Consequently, our recruiting efforts reflect our desire to attract and retain the best and brightest from all talent pools. We want to be the first choice for prospective employees. It is the policy of the Firm to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, religion, creed, age, sex, sex stereotype, gender, gender identity or expression, transgender, sexual orientation, national origin, citizenship, disability, marital and civil partnership/union status, pregnancy, veteran or military service status, genetic information, or any other characteristic protected by law. Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M/F/Disability/Vet). Wage Transparency Statement:Expected base pay rates for the role will be between $180,000.00 and $220,000.00 per year at the commencement of employment. However, base pay if hired will be determined on an individualized basis and is only part of the total compensation package, which, depending on the position, may also include commission earnings, incentive compensation, discretionary bonuses, other short and long-term incentive packages, and other Morgan Stanley sponsored benefit programs.
Job: *Real Estate
Title: Asset Management - Mesa West Capital - Vice President
Location: California-Los Angeles
Requisition ID: 3254398