Senior Special Assets Loan Officer

About the role

We are seeking an experienced Senior Special Assets Loan Officer to join our growing team. This role is critical to protecting capital and maximizing recovery across a portfolio of Residential Transitional Loans. As a Senior Special Assets Loan Officer, you will play a key role in overseeing and resolving non-performing and high-risk residential bridge and fix-and-flip loans. You will independently develop and execute strategic workout and resolution strategies, partnering closely with senior leadership, legal counsel, servicing partners, and capital partners to minimize losses, mitigate risk, and maximize recoveries while preserving long-term borrower and business relationships where appropriate. 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.

Responsibilities

• Independently oversee and manage a portfolio of non-performing, distressed, and high-risk Residential Transitional Loans (RTL) and construction loans, 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 Builders Capital Exchange policies and applicable regulations.
• Take primary responsibility for the evaluation, management, and resolution of complex special assets through borrower rehabilitation, loan modification, foreclosure, sale, liquidation, or other appropriate resolution strategies.
• Develop, implement, and continuously refine comprehensive workout strategies based on borrower capacity, project status, collateral condition, market dynamics, legal considerations, and overall risk exposure.
• Lead periodic and event-driven reviews of problem loans, independently identifying emerging risks, evaluating collateral and exit viability, and determining appropriate resolution strategies.
• Evaluate complex workout alternatives and provide recommendations regarding loan modifications, extensions, interest reserve adjustments, collateral liquidation, legal action, receivership, foreclosure, deed-in-lieu, OREO disposition, and pursuit of guaranties or other credit enhancements.
• Lead the analysis and recommendation of impairment reserves and charge-offs in accordance with GAAP, BC policy, and applicable regulatory guidance for short-term residential credit.
• Present detailed workout recommendations, risk assessments, and resolution strategies to senior management and capital partners, clearly communicating financial analysis, anticipated outcomes, risks, and recommended courses of action.
• Serve as a subject matter expert and resource to junior Special Assets team members, providing guidance on loan analysis, workout strategies, borrower negotiations, documentation, and resolution processes.
• Oversee all aspects of OREO assets arising from distressed loans, including 4–6 unit residential properties under renovation or stabilization, and lead the coordination of valuations, property management, construction oversight, and disposition strategies.
• Conduct and oversee comprehensive evaluations of collateral value, construction progress, loan documentation, borrower financials, guarantor strength, and project feasibility in consideration of current housing and