The Community Preservation Corporation · 1 week ago
Senior Asset Manager, Special Assets (Distressed Multifamily Loans)
United States
Full-time
Remote
Senior Level
$95K/yr - $110K/yr
5+ years expThe Community Preservation Corporation (CPC) is a nationally recognized leader in affordable housing finance, dedicated to revitalizing neighborhoods through lending and partnerships. The Senior Asset Manager will oversee a portfolio of high-risk, delinquent multifamily loans, developing workout strategies and collaborating with various stakeholders to mitigate losses and ensure compliance. This role also involves providing guidance to junior team members and preparing credit assessments for senior leadership.
Real Estate
No H1B
Responsibilities
Manage a portfolio of high-risk, delinquent, watchlist, and non-performing multifamily assets, ensuring proactive monitoring of performance, covenant compliance, and collateral condition
Evaluate borrower financial strength, property performance, and business plans to assess credit risk, identify potential issues, and determine appropriate risk mitigation strategies
Develop and execute asset-level workout strategies, including forbearance agreements, loan restructurings, repayment plans, and, where necessary, enforcement actions
Partner with Legal and external counsel to manage enforcement processes such as receiverships, foreclosure, litigation, and negotiation of workout and restructuring documentation
Serve as the primary point of contact for complex and distressed assets, leading borrower discussions, managing investor communications, and coordinating with internal stakeholders
Prepare clear and concise credit memos, risk assessments, and recommendations to support decision-making by senior leadership and credit committees
Maintain accurate and timely asset-level data and reporting within servicing systems, ensuring transparency and consistency across tracking tools and dashboards
Monitor portfolio performance to identify early warning indicators and escalate emerging risks with recommended actions
Support portfolio-level reporting and analysis, including identification of trends, risk concentrations, and performance insights
Provide guidance and support to junior team members, promoting consistency in analysis, documentation, and overall asset management practices
Qualification
Required
Bachelor's degree required (Finance, Real Estate, or related field preferred)
5–7+ years of experience with strong knowledge of multifamily asset management and non-performing loans, including Agency and Non-Agency products (experience with LIHTC preferred)
Proven ability to manage complex assets and deliver clear, well-supported credit recommendations in a dynamic environment
Proficiency in financial analysis, valuation concepts, and risk assessment, including experience evaluating cash flow, collateral performance, and business plans
Strong communication, organizational, and negotiation skills, with the ability to effectively engage borrowers, investors, legal counsel, and internal stakeholders
Ability to manage multiple priorities and drive outcomes in a fast-paced, high-accountability environment
Travel required as needed
Applicants must be authorized to work in the United States. The Community Preservation Corporation does not provide employment sponsorship of any kind. Candidates are responsible for ensuring they meet all minimum qualifications for the position at the time of application
Preferred
Experience with LIHTC preferred
Benefits
Offers Bonus
This is a remote role available in Missouri, Kansas, and Texas.
Periodic travel to our Manhattan or Chappaqua, NY office may be required.
Company
The Community Preservation Corporation
The Community Preservation Corporation maximizes housing investment with unique, flexible capital solutions.
51-200 employees
Funding
Current Stage
Growth StageLeadership Team
Rafael E. Cestero
Chief Executive Officer
Stephanie Canzani
Chief Operating Officer
Recent News
2026-07-07
2026-07-03
The Real Deal
2026-03-04
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