Director, Capital Markets

BioMed Realty, a Blackstone portfolio company, is a leading provider of real estate solutions to the Life Science industry. The Company operates a premier 13 million sq. ft. portfolio concentrated in the top three Life Science markets in the United States: Cambridge/Boston, San Francisco and San Diego. In addition, the Company maintains an active development pipeline of 3 million square feet.

In supporting the continued portfolio growth driven by acquisitions and developments, BioMed Realty is looking for a professional experienced in debt capital markets to help manage and execute new secured debt financing and refinancing transactions.

Responsibilities

• Help execute secured debt transactions to finance acquisitions, development starts, and opportunistic refinancing’s across a variety of structures including syndicated bank loans, CMBS, mezzanine debt and construction loans
• Prepare valuation, underwriting materials and offering memoranda, collaborating with in-house BioMed teams, Blackstone Sponsor, and/or brokers, as the case may be
• Act as company leader by organizing key internal stakeholders within legal, leasing, development, accounting, operations, facilities and FP&A for all aspects of a transaction
• Organize the review and response to term sheets, loan agreements and other ancillary documents working with attorneys and Sponsor
• Address lender due diligence and loan closing requirements including property appraisal, site tours, rating agencies (CMBS), and development budgets
• Facilitate third-party due diligence including property condition, environmental reports and seismic reports (if required)
• Maintain lender and servicer relationships as part of ongoing asset management dialogues including collateral performance, consents, releases, extensions and future advances in conjunction with construction work and milestones
• Monitor loan covenants and work with accounting on pro-forma debt yield, DSCR, and other metrics
• Lead or support all debt capital markets ad-hoc analysis including interest rate and liability management, credit profile, and liquidity from company’s revolving credit facility

Skills/Experience

• Bachelor’s degree in Business Administration, Real Estate, Finance, or a related discipline
• 7 to 10 years of experience in commercial real estate, including direct experience in executing, originating or closing secured debt transactions
• Ability to prepare cash flow models and related analysis, including customary appraisal valuation techniques such as DCF and comparables
• Experience in working with external stakeholders through closing, including lenders, attorneys, appraisers, due diligence consultants, major tenants, etc.
• Highly proficient in Argus, Microsoft Excel and PowerPoint
• Strong business judgement, resourcefulness and interpersonal and communication skills
• Attention to detail

We require all new hires to be fully vaccinated for Covid-19 prior to their first date of employment unless they are eligible for an approved medical or religious exemption in accordance with the law.

BioMed Realty is an equal opportunity employer. We are committed to creating an inclusive environment for all employees. Our employment decisions are based on individual qualifications, job requirements and business needs without regard to race, color, marital status, sex, sexual orientation, gender identity and/or expression, age, religion, disability, citizenship status, national origin, pregnancy, veteran status and or any other legally protected characteristics. We are committed to providing reasonable accommodations, if you need an accommodation to complete the application process, please contact the Human Resources department.