Director, Asset Management Construction Lending

About the Company

Anchor Loans is one of several operating companies owned by Pretium (+$50B AUM Financial Services Entity) and is working diligently to expand and grow its lending footprint.

Anchor Loans, established in 1998, is the nation’s leading private, direct lender to experienced residential real estate investors and builders, and the first to surpass $10 billion in total fundings. Renowned for expediting financing for developers and investors, we specialize in bridge loans, ground-up construction, and single-family rental solutions for non-owner-occupied projects. Headquartered in beautiful Thousand Oaks, California, Anchor Loans currently lends in 48 states and is expanding into new markets and service lines to better serve our current and future borrowers.

Position Summary:

We are seeking a seasoned professional with 7+ years of experience in real estate development, construction project management or real estate finance to join our team as a Director in Asset Management for our construction lending division. This role will manage a diverse portfolio of construction loans across the country totaling over $950MM in current commitments—from underwriting to post-closing oversight—and will serve as a key point of contact for internal and external stakeholders.

Essential Duties & Responsibilities:

• Construction Credit Underwriting:
  
  
  
  • Evaluate construction loan proposals by analyzing project feasibility, budgets, timelines, contingencies and sponsor credibility.
  
  
  • Conduct thorough reviews of entitlements, permits, utility will-serves and environmental documents.
  
  
  • Review of general contractor suitability including assessing background, track record and review of the project-specific construction contract.
  
  
  • Assess project risks and determine appropriate mitigants within the loan structure.
  
  
  
  


• Asset & Portfolio Management:
  
  
  
  • Oversee an active portfolio of construction loans, ensuring compliance with loan covenants, monitoring construction progress and overseeing sell-out/lease-up progress
  
  
  • Approve and fund draw requests prepared by junior team members.
  
  
  • Generate detailed project-by-project and portfolio-level reports for various stakeholders.
  
  
  • Monitoring overall market and submarket conditions around active loans
  
  
  
  


• Special Servicing:
  
  
  
  • Manage loan modifications, workout scenarios, and other special servicing issues.
  
  
  • Lead initiatives on foreclosures and stepping into projects that are partially constructed, as needed.
  
  
  
  


• Stakeholder Reporting & Communication:
  
  
  
  • Maintain clear and regular communication with internal teams, borrowers, and other stakeholders.
  
  
  • Prepare and deliver comprehensive reports highlighting loan and portfolio performance, risks, and potential areas of improvement.
  
  
  
  


• Management:
  
  
  
  • Oversee a team of junior staff (3-5 analysts/associates)
  
  
  
  


• Preform other duties as assigned.

Requirements:

• 7+ years of relevant industry experience.


• Background on the principal side of multifamily and single-family real estate is preferred, such as:
  
  
  
  • General Contracting: Experience as a construction project manager
  
  
  • Development: Experience as a development manager or land development manager.
  
  
  
  


• Candidates with commercial real estate finance experience at a bank, private lender or private equity firm managing a portfolio of residential loans or equity positions will also be considered.


• Deep understanding of and direct experience with all stages of the full lifecycle of commercial real estate development—from acquisition and entitlements to design, permitting, construction, and stabilization/sell-out.


• Specialized experience in residential/multifamily development is highly desirable.


• Strong management and interpersonal skills for direct reports


• Strong analytical and credit underwriting skills.


• Excellent project management and communication skills.


• Ability to work independently and collaboratively in a hybrid work environment.

Work Environment:

This is a hybrid position which requires in-office reporting to Anchor’s San Francisco office on Tuesday, Wednesday, and Thursday. Remote work is optional Monday and Friday.

Compensation:

The base pay range for this position is $150,000-$180,000 plus annual discretionary bonus based on performance of the individual and company.

Benefits

• Medical, Dental, Vision, Life, AD&D insurance


• Vacation and sick leave


• 401k plan with employer match
  


• 12 paid holidays annually

Diversity matters to our organization, and we are proud to be an equal opportunity employer.  All qualified candidates are welcome and will receive consideration for employment regardless of race, color, religion, gender, gender identity or expression, genetic information, marital status, sexual orientation, natural origin, disability, age, veteran status, or any other protected characteristic. 

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