RTL Special Assets Officer

We are seeking an experienced RTL Special Assets Officer to join our growing team. This role is critical to protecting capital and maximizing recovery across a portfolio of Residential Transitional Loans. The ideal candidate brings deep expertise in loan workouts, collateral resolution, and risk mitigation within short-term residential credit.

As an RTL Special Assets Officer, you will play a key role in managing and resolving non-performing and high-risk residential bridge and fix-and-flip loans. You will work closely with senior leadership, legal counsel, servicing partners, and capital partners to develop and execute strategic resolutions that minimize loss while preserving long-term relationships where possible.

Builders Capital Exchange is one of the fastest-growing private money lending firms in the United States. Our mission is to help real estate investors profitably scale their business by offering a best-in-class suite of loan products and leveraging top talent. Being one of the nation's most established private money lenders, we originate $5B in loan volume annually.

What You'll Do:

• 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.

• Minimum 1+ years of experience in special assets, credit workouts, loan servicing, or asset management with a strong focus on Residential Transitional Loans (RTL), bridge, or fix-and-flip lending or relevant experience.
• Some knowledge of workout strategies, foreclosure processes, collateral liquidation, and OREO management for 4-6 unit residential properties.
• Strong working knowledge of GAAP impairment analysis, charge-offs, risk ratings, and accrual accounting related to residential credit.
• Have the ability to analyze borrower data to determine optimal resolution strategies.
• Proven experience coordinating with legal counsel, servicers, brokers, investors, and internal credit teams to execute complex loan resolutions.
• Excellent written and verbal communication skills with the ability to present clear, well-supported recommendations to senior management and capital partners.

• Innovative Environment - Join a forward-thinking company at the forefront of the construction finance industry, with access to cutting-edge technology and resources.
• Work Flexibility - Enjoy a flexible work environment that allows you to balance professional responsibilities with personal life.
• National Impact - Be part of a nationwide operation shaping the future of construction financing and making a meaningful impact for builders, developers, and homeowners across the U.S.
• Health Insurance - Builders Capital Exchange pays 100% of medical insurance premiums, offering both PPO and HSA plan options.
• Competitive Compensation - We offer competitive wages that reflect your expertise and performance.
• Paid Time Off - Recharge with 3 weeks of paid time off annually.
• Paid Holidays - Enjoy 10 paid holidays each year.

We’re here to support you both professionally and personally-because when you thrive, we all thrive.

Builders Capital Exchange is an Equal Opportunity Employer (EEO) and welcomes all qualified applicants. This is a full-time, exempt position. The job description contained herein is not intended to be a comprehensive list of duties and responsibilities and may change without notice.