Manager, Capital Markets

Company: Great Wolf Lodge
Location: Elmwood Park
Posted on: November 18, 2022

Job Description:

Company Overview: -Great Wolf is a highly regarded leader in family vacations with a strong national platform. The company has successfully developed 19 profitable resorts. Founded in 1997, Great Wolf Lodge has a current footprint of 7,700 guestrooms across the existing 19 properties, with 3 additional resorts under construction, and 5 in various stages of pipeline development.
Great Wolf consistently garners praise from various media outlets including placement on USA Today's "Best Indoor Water Park" list from 2017-2021. The Company was also recognized by Newsweek as one of "America's Most Loved Workplaces" for 2021. Great Wolf welcomes over 8 million guests per year, and undergoing substantial real estate portfolio development growth both domestically and internationally.
Job Summary: -The Manager, Capital Markets will be responsible for the ground up real estate development underwriting of new lodges, ROI projects on existing lodges, and due diligence associated with debt placements (Senior Direct Mortgage, Mezzanine, and CMBS). The manager will be responsible for reviewing lending agreement terms, creating loan abstracts, working through compliance requirements, reading third-party reports as well as creating ground up operating cash flow models. The individual should be capable of working through an underwriting assignment with supervision, as well as pulling portfolio data from company databases for comp analysis reviews. This position will require coordination across multiple functions with fast paced deadlines.
Key Responsibilities:

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• Perform new lodge underwriting analysis for development projects, updating current investment models, and performing ROI analysis for existing lodge projects
  
• Assist with maintaining relationships with lenders, servicers, and due diligence providers as well as private equity stakeholders.
  
• Review of specialized documents such as ground leases, regulatory agreements, franchise and management contracts or operating agreements/leases to understand asset complexities for modeling purposes.
  
• Analyze and evaluate complex ownership borrower structures relative to legal and financial responsibilities and obligations.
  
• Assist with resolving any distressed situations in need of work-out in order to maximize value of investments and/or obtain waivers or other allowances as necessary.
  
• Additional duties as deemed necessary by management.
  
  Competencies:
  
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  • A strong knowledge of commercial real estate markets
    
  • Excellent analytical, quantitative and technical skills, including the ability to analyze, underwrite and forecast property cash flows and valuations
    
  • Ability to size and price loans with proper structural
    
  • Team player who is organized, efficient, proactive, conscientious and assumes accountability and responsibility for specific performance and work product.
    
  • Strong interpersonal, relationship-building skills, and marketing skills.
    
  • Excellent written and verbal communication and presentation skills.
    
  • Creative problem-solver with strong research skills.
    
  • Ability to gather, analyze, and interpret real estate market data/trends and financial information.
    
  • Advanced knowledge in Excel.
    
  • Experience in underwriting commerical real estate.
    
    Preferred Qualifications:
    
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    • 5+ years of progressive work experience in analysis of hospitality or commercial real estate, including duties such as valuation and market analysis, reviewing financial statements, and underwriting transactions.
      
    • An undergraduate degree in a business-related field (i.e. Finance, Real Estate, Business, or Accounting).
      
    • Highly inquisitive individual, with ability to perform assignments and also learn on the job relating to Great Wolf's business model, hospitality trends, commercial real estate, and debt capital markets.
      
    • Excellent written and oral communication skills, including negotiation experience.
      
    • Strong time-management skills and ability to operate under demanding deadlines.
      
    • Ability to multitask and work on several transactions simultaneously.
      
    • Excellent attention to detail and the ability to work both independently and in a team environment.
      Equal Opportunity Employer/Protected Veterans/Individuals with DisabilitiesThe contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c)

Keywords: Great Wolf Lodge, Cicero , Manager, Capital Markets, Executive , Elmwood Park, Illinois