Senior Asset Manager

BD Capital is a private lending firm focused on providing flexible, asset-based financing solutions for real estate investors across the country. We specialize in bridge, construction, and rental property loans, supporting borrowers through acquisitions, refinances, and ground-up development projects.

Our platform is built around speed, transparency, and execution. We pride ourselves on moving quickly from term sheet to closing while maintaining disciplined underwriting and a consistent, scalable process. Our team works closely with borrowers and brokers to navigate complex deals, ensuring clear communication and a streamlined experience from start to finish.

At BD Capital, we are not just transaction-focused, we aim to build long-term relationships with our clients by being a reliable capital partner across multiple projects. Internally, we emphasize collaboration, accountability, and continuous process improvement to support our growth and deliver a high level of service on every deal.

We are looking for a Senior Asset Manager who thrives in an entrepreneurial, fast-paced environment. The Asset Management team is responsible for maximizing recovery on distressed loans and managing REO assets acquired through foreclosure. This role will oversee watchlist loans, workout negotiations, borrower communications, recovery planning, REO management, and disposition activities while working closely with construction management, legal counsel, and senior leadership.

The ideal candidate is organized, proactive, and comfortable operating in a commercial lending environment.

• Manage all watchlist loans — reviewing collateral performance, borrower behavior, construction progress, and repayment risk.
• Identify emerging distress signals early and develop action plans before loans deteriorate further.
• Negotiate forbearance agreements, loan modifications, and maturity extensions for non-performing borrowers.
• Pursue consensual resolutions: deeds in lieu, discounted payoffs, and settlement agreements.
• Receive escalated loans and immediately assess risk posture, next steps, and timeline.

• Develop and execute recovery strategies for non-performing loans in the portfolio.
• Evaluate litigation vs. consensual resolution on a loan-by-loan basis, coordinating with legal counsel as needed.
• Prepare detailed asset-level business plans and recovery projections for each distressed or REO asset.
• Drive overall recovery maximization — evaluating hold, complete, refinance, restructure, and liquidate alternatives.
• Maintain a running recovery log and report regularly to senior leadership on portfolio-level distressed asset status.

• Evaluate stalled construction projects, remaining cost-to-complete, contractor performance, and permit status.
• Develop completion strategies for distressed or foreclosed construction projects.
• Coordinate with construction management staff regarding budget overruns, delays, and funding requirements.

• Manage all REO assets acquired through foreclosure — from intake through final disposition.
• Oversee property preservation, security, insurance, taxes, utilities, and ongoing maintenance.
• For incomplete projects acquired via foreclosure: manage permitting, contractor procurement, and construction completion.
• Engage brokers, develop marketing strategies, and manage disposition to maximize recovery value.
• Coordinate stabilization and prepare assets for sale, refinance, or other exit strategies.

• Familiarity with distressed real estate, REO disposition, and deed-in-lieu transactions.
• Familiarity with fix and flip, bridge, and light to heavy rehab construction loan structures.
• Understanding of mechanic's lien laws and construction loan title insurance endorsements.
• Strong ability to manage a large, active pipeline with multiple simultaneous matters and deadlines
• Proficiency with Microsoft Office (Word, Excel, SharePoint) and Google Sheets; experience with loan management, construction management, and/or document management software a plus.
• Excellent written and verbal communication skills; ability to…