Associate, Private Credit Investments

Brio Real Estate, a Blackstone Portfolio Company; Dallas (TX); On-site; USD 90,000 - 150,000; Full time

Job summary

Brio Real Estate, a Blackstone portfolio company, is seeking an investment underwriting professional to support private credit and CRE investments. You will build and review financial models, perform cash flow analyses, and assess deal risk to inform investment decisions.

You will contribute to due diligence, prepare investment materials for leadership, and present opportunities to senior management. Domestic travel of 5–10% is expected.

Qualifications

• BS/BA in Real Estate, Finance, Accounting, Business Admin, or STEM.
• 3–5+ years in real estate, credit, or investment banking.
• Familiarity with CRE or structured finance is a plus.
• Able to work in a fast-paced, deadline-driven environment.

Responsibilities

• Perform financial analysis and cash flow modeling to evaluate prospects.
• Underwrite and assess credit on loan collateral across property types.
• Support deal execution from origination to closing and due diligence.
• Prepare investment materials and present to leadership.
• Track market trends and portfolio risk; monitor performance.
• Travel 5–10% domestically.

Skills

Financial analysis

Credit analysis

Financial modeling

Due diligence

Investment evaluation

Education

BS/BA in Real Estate or Finance

Tools

Excel

PowerPoint

Argus

Job description

Brio Real Estate is a Blackstone Real Estate portfolio company focused on real estate credit. Brio supports Blackstone’s Real Estate Debt Strategies (“BREDS”) investments across the globe. The company provides support across key functions, including corporate, transaction, and management services. The critical infrastructure and capabilities Brio provides for BREDS allows for effective support in the management of its global portfolio.
Today, BREDS has more than $76 billion of investor capital across high yield / opportunistic real estate credit funds, a publicly traded Mortgage REIT, and liquid securities strategies. BREDS is part of Blackstone Real Estate, the largest owner of commercial real estate globally, owning and operating assets across every major geography and sector.

Role Purpose

Performs investment underwriting, credit analysis, financial modeling, and due diligence for private credit and commercial real estate investments. Supports deal execution from origination through closing, assesses portfolio risk and performance, develops investment materials for leadership, and monitors market and industry trends to inform investment decisions.

What You Will Do

• Perform comprehensive financial analysis, including valuation and cash flow modeling, to assess investment prospects.
• Underwrite and perform credit analysis on loan collateral across all major property types within private credit investments, loan pools and the corporate credit landscape
• Working with the team to perform due diligence on prospective investments and participating in all aspects of the investment process from origination to deal closing.
• Reviewing credit agreements and loan structures in coordination with broader deal-level diligence workstreams.
• Determine deal and loan-level risk ratings, assist in identifying risk assets across the portfolio to monitor performance and provide periodic asset management updates.
• Create and edit financial models to determine base and bear case commercial real estate (CRE) asset valuations and perform sensitivity analysis.
• Assist with the structuring and analysis of structured credit transactions, including loan portfolio acquisitions, NAV facilities, private placements, SRTs, and more.
• Prepare investment committee and quarterly asset review presentation materials.
• Present investments to senior leadership on a regular basis.
• Track issuer/industry trends and macroeconomic events which could impact portfolio holdings.
• Think creatively about ways to improve the team’s existing processes.
• Will travel 5-10% domestically.

What You Should Have

• Strong curiosity and desire to learn and think creatively.
• College (BS/BA) degree in Real Estate, Finance, Accounting, Business Administration, or STEM-related subjects.
• 3-5+ years of experience in a real estate, credit, or investment banking role, including real estate acquisitions, real estate credit, M&A or advisory investment banking, debt capital markets, leveraged finance, or other credit-focused roles.
• Familiarity with commercial real estate or structured finance is a plus.
• Comfortable working in a fast-paced, deadline driven environment.

EEO Statement

Brio Real Estate is an equal opportunity employer. In accordance with applicable law, we prohibit discrimination against any applicant, employee, or other covered person based on any legally recognized basis, including, but not limited to: veteran status, uniformed servicemember status, race, color, caste, immigration status, religion, religious creed (including religious dress and grooming practices), sex, gender, gender expression, gender identity, marital status, sexual orientation, pregnancy (including childbirth, lactation or related medical conditions), age, national origin or ancestry, citizenship, physical or mental disability, genetic information (including testing and characteristics), protected leave status, domestic violence victim status, or any other consideration protected by federal, state or local law. We are committed to providing reasonable accommodations, if you need an accommodation to complete the application process, please email [e-mail]