Asset Manager, Commercial Real Estate Debt

Asset Manager, Commercial Real Estate Debt

Reef is a Utah-based vertically integrated investment and development firm founded in 2005, with three primary lines of business : Investments, Real Estate, and Lifestyle. Reef's team is currently involved in some of the most prominent development transactions in Utah and other targeted geographies across the United States.

Built on two decades of success, our investment approach combines proven expertise with purposeful innovation. Reef's team has completed more than 500 transactions across all lines of business. In addition to our real estate investment strategy, Reef and / or affiliates own and operate various businesses that add significant long-term value to its projects. We have grown rapidly, growing from about 25 employees to well over 350, with managed assets on behalf of over 750 institutional and individual partners worldwide.

With the motto "Expect the Best," Reef's most prominent developments include Black Desert Resort, a $2 billion luxury resort in Ivins, Utah; Marcella, a luxury private golf community in Park City, Utah; Tributer Resort, Virginia's newest premier private lakeside golf destination; Cornerstone Club, a 5,000-acre residential community, private club, and resort in Telluride, Colorado; Sweetens Cove, a renowned and evolving golf destination nestled in the Tennessee Valley; and the restoration of the historic Coco Palms Resort in Wailua, on the island of Kauai, Hawaii.

At Reef, our mission is to recruit, develop, and retain entrepreneurial individuals who desire to build and create something long-lasting and meaningful. Our business enables bright, committed people to work in high-performing teams within an environment that allows each person to achieve their professional objectives. Reef values a strong culture dedicated to the health and well-being of our employees.

Job Summary

Reef is seeking an Asset Manager who will be responsible for managing a diverse portfolio of commercial real estate loans within Reef's private credit strategy. This includes active oversight of asset performance, financial analysis, borrower relationship management, loss mitigation strategies, and working closely with internal teams and third-party stakeholders to optimize investment outcomes. A strong understanding of lending, real estate markets, and distressed asset scenarios is essential.

Key Responsibilities

• Manage a portfolio of commercial real estate loans, including bridge loans, construction loans, business, and mezzanine debt.
• Monitor borrower performance through financial reporting, site inspections, and regular communication.
• Conduct detailed cash flow and scenario modeling in Excel to evaluate asset performance and risk.
• Identify early signs of underperformance or default and develop mitigation strategies.
• Lead or assist in loan workouts, restructures, and enforcement actions as needed.
• Maintain comprehensive loan files and track key loan covenants and milestones.
• Collaborate with internal underwriting, legal, and development teams to support investment decision-making.
• Provide regular portfolio reporting and updates to senior management and investors.
• Support the disposition or recovery of non-performing assets, including REO management if applicable.
• Monitor and manage third-party vendors (e.g., servicers, property managers, brokers).

Qualifications

Company Benefits