We are seeking an experienced RTL Portfolio Manager to join our growing team. This role is critical to protecting capital and maximizing recovery across a portfolio of Residential Transitional Loans. The ideal candidate brings deep expertise in loan workouts, collateral resolution, and risk mitigation within short-term residential credit.

As an RTL Portfolio Manager, you will play a key role in managing and resolving non-performing and high-risk residential bridge and fix-and-flip loans. You will work closely with senior leadership, legal counsel, servicing partners, and capital partners to develop and execute strategic resolutions that minimize loss while preserving long-term relationships where possible.

Builders Capital Exchange is one of the fastest-growing private money lending firms in the United States. Our mission is to help real estate investors profitably scale their business by offering a best-in-class suite of loan products and leveraging top talent. Being one of the nation's most established private money lenders, we originate $5B in loan volume annually.

What You'll Do:

• Responsible for servicing and managing a portfolio of non-performing and high-risk Residential Transitional Loans (RTL), including pre-workout credits, downgraded loans, defaulted loans, and loans in legal proceedings, with the objective of minimizing losses and liability while ensuring compliance with BC policies and applicable regulations.
• Under the direction manage and resolve RTL special assets through borrower rehabilitation, loan modification, foreclosure, sale, or liquidation, including oversight of past-due balances, covenant compliance, and borrower performance.
• Develop and execute RTL-specific workout strategies, adjusting aggressiveness based on borrower capacity, project status, collateral condition, and market dynamics.
• Perform periodic and event-driven problem loan analysis on assigned RTL credits; identify risks, assess collateral and exit viability, and recommend appropriate resolution strategies to senior management.
• Evaluate and recommend RTL workout options, including loan modifications, extensions, interest reserve adjustments, collateral liquidation, legal action, receivership, foreclosure, deed-in-lieu, OREO disposition, and pursuit of guaranties or credit enhancements.
• Calculate and recommend impairment reserves and charge-offs in accordance with GAAP, BC policy, and regulatory guidance applicable to short-term residential credit.
• Provide recommendations to senior management on policy and procedure enhancements related to RTL problem loans, impairment methodology, and workout best practices.
• Manage all aspects of OREO assets arising from RTL loans, including 4-6 unit residential properties under renovation or stabilization, coordinating valuations, property management, and disposition strategies.
• Assist senior management in evaluating collateral value, construction progress, loan documentation, borrower financials, and guarantor strength in light of current housing and capital market conditions.
• Execute strategies to reduce non-performing RTL assets at the lowest possible cost and risk, balancing net credit losses, carrying costs, market conditions, and administrative expenses.
• Present RTL workout and exit strategies to management and capital partners for approval, supported by clear financial, collateral, and risk analysis.
• Maintain accurate risk ratings, accrual status, and Problem Loan Reports (PLRs) for all RTL problem loans, ensuring timely and transparent reporting to senior leadership and investors.
• Maintain awareness of housing market trends, construction costs, liquidity conditions, and investor demand impacting RTL portfolio performance.
• Perform other duties as assigned to support the objectives of the Special Assets function and BC’s RTL lending platform.