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Builders Capital · 1 week ago

RTL Special Assets Officer

United States

Full-time

Remote

Mid, Senior Level

Builders Capital is the nation’s largest private construction lender, providing innovative financing solutions to residential developers and real estate investors nationwide. The RTL Special Assets Officer will manage and resolve non-performing and high-risk residential bridge and fix-and-flip loans, working closely with senior leadership and partners to minimize losses while preserving relationships.

ConsultingFinancial ServicesReal EstateReal Estate Investment

Responsibilities

Responsible for servicing and managing a portfolio of non-performing and high-risk Residential Transitional Loans (RTL), including pre-workout credits, downgraded loans, defaulted loans, and loans in legal proceedings, with the objective of minimizing losses and liability while ensuring compliance with BC policies and applicable regulations

Under the direction manage and resolve RTL special assets through borrower rehabilitation, loan modification, foreclosure, sale, or liquidation, including oversight of past-due balances, covenant compliance, and borrower performance

Develop and execute RTL-specific workout strategies, adjusting aggressiveness based on borrower capacity, project status, collateral condition, and market dynamics

Perform periodic and event-driven problem loan analysis on assigned RTL credits; identify risks, assess collateral and exit viability, and recommend appropriate resolution strategies to senior management

Evaluate and recommend RTL workout options, including loan modifications, extensions, interest reserve adjustments, collateral liquidation, legal action, receivership, foreclosure, deed-in-lieu, OREO disposition, and pursuit of guaranties or credit enhancements

Calculate and recommend impairment reserves and charge-offs in accordance with GAAP, BC policy, and regulatory guidance applicable to short-term residential credit

Provide recommendations to senior management on policy and procedure enhancements related to RTL problem loans, impairment methodology, and workout best practices

Manage all aspects of OREO assets arising from RTL loans, including 4-6 unit residential properties under renovation or stabilization, coordinating valuations, property management, and disposition strategies

Assist senior management in evaluating collateral value, construction progress, loan documentation, borrower financials, and guarantor strength in light of current housing and capital market conditions

Execute strategies to reduce non-performing RTL assets at the lowest possible cost and risk, balancing net credit losses, carrying costs, market conditions, and administrative expenses

Present RTL workout and exit strategies to management and capital partners for approval, supported by clear financial, collateral, and risk analysis

Maintain accurate risk ratings, accrual status, and Problem Loan Reports (PLRs) for all RTL problem loans, ensuring timely and transparent reporting to senior leadership and investors

Maintain awareness of housing market trends, construction costs, liquidity conditions, and investor demand impacting RTL portfolio performance

Perform other duties as assigned to support the objectives of the Special Assets function and BC’s RTL lending platform

Qualification

Loan workoutsCollateral resolutionRisk mitigationProblem loan analysisWorkout strategiesAnalytical skillsCommunication skillsTeam collaboration

Required

Experience in loan workouts, collateral resolution, and risk mitigation within short-term residential credit

Ability to manage and resolve non-performing and high-risk residential bridge and fix-and-flip loans

Experience working closely with senior leadership, legal counsel, servicing partners, and capital partners

Ability to develop and execute strategic resolutions that minimize loss while preserving long-term relationships

Experience servicing and managing a portfolio of non-performing and high-risk Residential Transitional Loans (RTL)

Ability to manage RTL special assets through borrower rehabilitation, loan modification, foreclosure, sale, or liquidation

Experience developing and executing RTL-specific workout strategies

Ability to perform periodic and event-driven problem loan analysis on assigned RTL credits

Experience evaluating and recommending RTL workout options

Ability to calculate and recommend impairment reserves and charge-offs in accordance with GAAP, BC policy, and regulatory guidance

Experience providing recommendations on policy and procedure enhancements related to RTL problem loans

Ability to manage all aspects of OREO assets arising from RTL loans

Experience assisting senior management in evaluating collateral value, construction progress, loan documentation, borrower financials, and guarantor strength

Ability to execute strategies to reduce non-performing RTL assets at the lowest possible cost and risk

Experience presenting RTL workout and exit strategies to management and capital partners

Ability to maintain accurate risk ratings, accrual status, and Problem Loan Reports (PLRs) for all RTL problem loans

Awareness of housing market trends, construction costs, liquidity conditions, and investor demand impacting RTL portfolio performance