Job Summary

Job Description

What is the opportunity?

RBC Real Estate Capital Partners

The Real Estate Capital Partners (“RECP”) group was created as a standalone trading unit of RBC Capital Markets in 2011 in order to provide a platform from which The Royal Bank of Canada (“RBC”) could originate lending for real estate debt facilities across the capital structure.  RECP is now a leading provider of debt capital to global premier real estate owners and sponsors, covering the US, Australia and Canadian markets from RECP’s office in Dallas and the Continental European, UK and Irish markets from RBC’s office in London.  RECP’s mandate includes the origination of mortgage and mezzanine loans (as well as the origination of both performing and non-performing loan on loan facilities) secured, in each case, by stabilized, transitional or construction real estate assets across all major commercial real estate product types.  With access to flexible capital, RECP is able to provide its clients with creative debt solutions that deliver the greatest possible return to clients on their equity investments.  Since inception, globally RECP has participated in over $60 billion of mortgage, mezzanine and note-on-note financings, holding over $30 billion on RECP’s balance sheet.  Since inception, RECP London has participated in excess of C$28 billion of financing through senior, mezzanine, loan-on-loan, and development facilities. Recent transactions include acting as co-lead arranger for a £610MM term facility to support Blackstone’s acquisition of the Village Hotel platform in the UK and being sole lender for a €150MM loan for Greystar’s development of a 561 unit built-to rent scheme in Amsterdam, the Netherlands. 

Role and Responsibilities

As a result of the continued growth of RECP’s commercial real estate loan portfolio, RECP is looking for an experienced real estate finance professional to join its London team as an Associate in a front office role to (i) assist the loan origination team with the structuring, documentation and closing of RECP’s UK, Continental European and Irish loans and (ii) to assist the asset management team with post-closing and on-going portfolio management tasks related to documentation, diligence and closing. The role will also, when required, involve assisting the bank’s special loans team with real estate secured loan work outs – structuring work outs, assisting with documentation and closing these processes as well as assisting in the management and resolution of OREO properties held on balance sheet, including negotiating leasing agreements, asset management agreements, purchase and sale agreements and joint venture agreements, amongst others. The role will also involve assisting the wider RBC Capital Markets platform with real estate debt strategies, including corporate revolving and term loans, net asset value facilities, and CMBS execution.   

You will be joining a small, dynamic principal team with strong growth ambitions, an established client base including some of the largest and most prestigious global private equity real estate sponsors and a solid track record of bilateral deal origination across geographies and asset classes.

You would report directly to the Head of Loan Structuring (based in Dallas) and work autonomously, although with a high degree of day-to-day interaction with the rest of the loan structuring team in London and Dallas, as well as with the loan origination and asset management teams.

What will you do?

Loan Structuring / documentation and transaction execution:

advising the loan origination team on the structuring of transactions and on due diligence issues related to the particular asset class, loan type and/or sponsor business plan in order to find the appropriate risk/reward balance for each transaction;drafting and negotiating non-binding term sheets; reviewing internal/external counsel commitment documentation with the sponsor to accurately capture the economics and structure of each transaction;selecting external legal counsel from RBC’s designated counsel panel list and, with the assistance of internal counsel, leading the front office interface with such external counsel in order to provide the best execution for each transaction and in order to leverage the correct expertise for each transaction;leading the negotiation and execution of the finance documents;managing the due diligence process in the run up to final committee approvals and loan closing whilst providing strategic and structuring advice to the loan origination team as the due diligence is reviewed, including being responsible for amending transaction structures to accommodate due diligence issues and presenting due diligence issues to both RECP’s group risk management and credit teams;assisting the loan origination team (in conjunction with procurement counsel/external counsel guidelines or guidance) with engagement letters for third party consultants;assisting the loan origination team with the preparation and presentation of credit committee materials with respect to the loan covenants, transaction security package, external counsel advised enforcement routes, due diligence issues and/or material loan structure or transaction features;where not supported by internal legal counsel, drafting and negotiating non-disclosure agreements, costs indemnities and other pre-engagement documentation or reviewing and advising on internal or external counsel drafted pre-engagement documentation where supported by such counsel;reviewing and negotiating reliance letters, SNDAs, REAs, duty of care agreements, legal opinions and other ancillary facility documentation with the assistance of external counsel;leading the closing process for each transaction, including:assisting the loan origination team with the internal funding process for new loans including liaising with RECP’s treasury, group risk management, global loans administration, regulatory reporting.working with external counsel to collect and sign off on conditions precedent under the finance documents; andproactively identifying operational risks / control deficiencies in loan structuring and documentation and working with external legal counsel and the loan origination team to resolve them.
 

Loan and OREO Asset Management:

providing legal and documentation expertise to RECP’s asset management, loan origination and special loans advisory teams in regards to the on-going asset management of existing loans or OERO assets, including assisting RECP’s asset management team with:negotiating the documentation for all waiver and lender consent requests (i.e. leasing, capex, loan extensions etc.) and any recurring loan events (i.e. property disposals, valuation events etc.) as well as with loan restructures and work outs, with the assistance of external counsel or internal counsel;assisting with the internal processes for any of the above, including liaising with group risk management and other internal control functions (where appropriate);the approval process for new drawdowns under existing facilities; andany other ad-hoc requests or workstreams which relate to existing loans or owned properties (i.e. corporate tax reorganizations, debt push downs, post-closing security grants).
 

Strategic Advice / Representation:

providing strategic advice to the team’s senior management and to bank wide control functions on transformational projects for the business (i.e. entering a new jurisdiction, pursuing a new product line, creating new legal entities for the business, setting up new funding techniques, obtaining new or expanded financial services licenses etc.); andattending industry events (i.e. LMA, CREFCE, events hosted by valuation firms, environmental consultants, law firms and other third parties) both in order to expand your transaction structuring knowledge and as a representative of RECP in the wider real estate finance market.

What do you need to succeed?

Must have

Business, commerce, architecture, mathematics, statistics, economics, law degree or equivalent (including an LLB, JD etc.) or MBA from an academically renowned university together with a proven track record of academic excellence at all levels.Finance experience at an investment bank, commercial bank, private equity firm or international law firm negotiating and closing loans with institutional sponsors, including some experience closing non-recourse real estate finance transactions with institutional class sponsors.Proficiency with LMA based real estate secured loan documentation or their equivalent in another common law jurisdiction.Excellent analytical and communication skills together with proven experience of negotiating real estate finance documentation, including commitment documents, facility agreements, intercreditor agreements, security agreements etc.Excellent transaction management skills, together with excellent attention to detail at all times;High proficiency in computer applications such as MS Outlook, Word and PowerPoint;An ability to manage multiple competing priorities, a willingness to assume a high level of responsibility and an ability to demonstrate that you are able to work in a fast-paced, challenging environment where you will be required to have a proactive approach and be able to meet tight deadlines with (at times), a demanding workload;A willingness to travel internationally when required (i.e. site visits, head office meetings in Toronto, client events, industry conferences and/or training events);Initiative, determination, a “can do” attitude and a sense of humour – each of which you’ll need to succeed in the fast paced and challenging commercial environment that RECP provides;A strong “team player” attitude; andA personality and interests outside of your day-to-day role – someone who can bring something of themselves to the team!  RECP places great importance on cultivating an enjoyable working culture within the team and accordingly, personality fit is very important in maintain that culture.

 Nice to have

 a degree in law would be advantageous

What is in it for you?

We thrive on the challenge to be our best - progressive thinking to keep growing and working together to deliver trusted advice to help our clients thrive and communities prosper.  We care about each other, reaching our potential, making a difference to our communities, and achieving success that is mutual.

A comprehensive Total Rewards Program including bonuses, flexible benefits and competitive compensationLeaders who support your development through coaching and managing opportunitiesOpportunities to work with the best in the fieldAbility to make a difference and lasting impactWork in a dynamic, collaborative, progressive, and high-performing teamA world-class training program in financial services

Job Skills

Bond Trading, Communication, Critical Thinking, Detail-Oriented, Futures Markets, Market Risk, Options Analysis, System Applications, Trade Client Reporting

Additional Job Details

Address:

100 BISHOPSGATE:LONDON

City:

London

Country:

United Kingdom

Work hours/week:

35

Employment Type:

Full time

Platform:

CAPITAL MARKETS

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

2025-02-25

Application Deadline:

2025-03-11

Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above

Inclusion and Equal Opportunity Employment

At RBC, we embrace diversity and inclusion for innovation and growth. We are committed to building inclusive teams and an equitable workplace for our employees to bring their true selves to work. We are taking actions to tackle issues of inequity and systemic bias to support our diverse talent, clients and communities.
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We also strive to provide an accessible candidate experience for our prospective employees with different abilities. Please let us know if you need any accommodations during the recruitment process.

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