Senior Associate / Vice President - Asset Management

Tranham Partners; New York (NY); On-site; USD 150,000 - 230,000; Full time

Job summary

Tranham Partners is seeking an experienced Senior Associate / VP to join their debt asset management team in New York. The role focuses on managing multifamily real estate debt investments, leading restructurings, and monitoring covenant risk across a growing portfolio.

The candidate will partner with origination and credit teams during underwriting and structuring, delivering portfolio reviews for investment committees.

Qualifications

• 5+ years in commercial real estate asset management with a multifamily focus
• Hands-on workout and restructuring experience including loan mods, extensions, enforcement scenarios
• Background in private credit, debt funds, banks, or insurers managing complex loan structures
• Strong financial and analytical skills including cash flow modeling and covenant analysis
• Excellent communication skills, with experience presenting to senior leadership and investment committees

Responsibilities

• Manage a portfolio of multifamily real estate debt investments across performing, watchlist, and workout situations
• Lead and execute loan restructurings, modifications, extensions, and workouts coordinating with legal and senior management
• Monitor collateral performance, sponsor behavior, and covenant compliance to proactively manage risk
• Partner with origination and credit teams to provide asset management input during underwriting and structuring
• Prepare portfolio reviews and materials for investment committees and senior management

Skills

Asset management

Multifamily focus

Financial modeling

Cash flow analysis

Covenant analysis

Stakeholder communication

Job description

Tranham Partners is excited to be supporting a Top-Tier Middle-Market Private Credit platform based in New York as they look to expand their debt asset management team with an experience Senior Associate / Vice President to support the continued growth of the wider business.

While this is a debt asset management seat, we are open to exploring candidates with equity asset management experience. We will not be considering candidates coming from acquisitions & originations roles.

This position is to be based in Uniondale, New York

Requirements

• Minimum of 5+ years of experience in commercial real estate asset management, with a strong focus on multifamily.
• Proven hands-on workout and restructuring experience, including loan modifications, extensions, and enforcement scenarios.
• Background within private credit, debt funds, banks, or insurance platforms, managing complex loan structures.
• Strong financial and analytical skills, including cash flow modeling, covenant analysis, and downside underwriting.
• Excellent communication skills, with experience presenting complex situations to senior leadership and investment committees.

Responsibilities

• Manage a portfolio of multifamily real estate debt investments across performing, watchlist, and workout situations.
• Lead and execute loan restructurings, modifications, extensions, and workouts, coordinating with legal and senior management.
• Monitor collateral performance, sponsor behavior, and covenant compliance to proactively manage risk.
• Partner with origination and credit teams to provide asset management input during underwriting and structuring.
• Prepare portfolio reviews and materials for investment committees and senior management.