Real Estate Credit Vice President

Location: Germany

Sector: Real Estate Credit / Private Debt

Seniority: Associate / Senior Associate / VP (4+ years’ experience)

Our client is an established alternative investment and financing platform active across real estate credit and structured financing. The firm provides tailored debt capital solutions across a range of real estate strategies and is continuing to expand its credit investment capabilities. To support the continued growth of the platform, the firm is seeking an experienced Real Estate Credit Specialist with strong underwriting, structuring, and transaction execution experience.

The Real Estate Credit Specialist will play a central role across the full investment lifecycle, evaluating new financing opportunities, structuring and underwriting transactions, conducting detailed credit and real estate analysis, and supporting the ongoing management of the existing portfolio. This is a hands-on investment role requiring strong financial modelling capabilities, commercial judgement, and a detailed understanding of European real estate debt markets.

Key Responsibilities

• Credit Underwriting & Analysis: Evaluate new real estate financing opportunities across different property types, performing detailed credit analysis, downside assessment, borrower analysis, and asset-level underwriting.

• Financial Modelling: Build and review detailed cash flow, debt service, LTV, LTC, ICR and sensitivity models to assess transaction economics and overall credit risk.

• Transaction Structuring: Support the structuring of senior, whole loan, mezzanine and other bespoke real estate financing solutions, including pricing, covenants, security packages and repayment structures.

• Investment Execution: Manage transactions through the full investment process, including initial screening, due diligence, credit committee preparation, documentation and closing.

• Real Estate Due Diligence: Analyse property-level fundamentals including valuation, tenancy, lease structures, development assumptions, market dynamics, sponsor quality and business plans.

• Investment Committee Materials: Prepare concise and detailed investment memoranda, credit papers and recommendations for senior investment professionals and credit committees.

• Deal Origination Support: Work closely with senior team members and external market participants to assess new lending opportunities sourced through sponsors, advisers, banks and other intermediaries.

• Portfolio Management: Monitor existing credit investments, track covenant compliance and operating performance, identify emerging risks and support amendments, restructurings or refinancings where required.

• Market Analysis: Maintain a detailed understanding of German and broader European real estate financing markets, including lending conditions, asset valuations, interest rates and competitor activity.

• External Stakeholder Management: Coordinate with borrowers, sponsors, lawyers, valuers, technical advisers and other counterparties throughout transaction execution.

Candidate Requirements

• Real Estate Credit Experience: At least 4 years of relevant experience within real estate debt, private credit, real estate financing, structured finance or a closely related investment role.

• Strong Underwriting Background: Demonstrated experience analysing real estate transactions from a lender or credit investor perspective, including detailed downside and repayment analysis.

• Financial Modelling: Advanced financial modelling and analytical skills, including real estate cash flow modelling, debt sizing, sensitivity analysis and credit metrics.

• Transaction Execution: Proven ability to work on transactions from initial assessment through due diligence, investment approval, documentation and closing.

• Real Estate Knowledge: Strong understanding of commercial real estate fundamentals, valuation methodologies, lease structures, development risk and relevant property market dynamics.

• Credit Judgement: Ability to identify key investment risks, assess appropriate structural protections and form clear, commercially grounded credit recommendations.

• Communication: Strong written and verbal communication skills with the ability to prepare high-quality investment papers and interact confidently with senior internal and external stakeholders.

• Language: Professional fluency in German and English is required.

Location & Mobility: Germany-based, with flexibility to travel where required for transactions, asset visits and meetings with sponsors and advisers.

Please apply by submitting your CV.