TITLE: Analyst/ Associate

DEPARTMENT: Homebuilder Solutions

In 2025, Blackstone established Brio Real Estate (“Brio”) as a portfolio company focused on real estate credit.  Brio is a specialized global commercial real estate asset services platform that manages and supports Blackstone’s Real Estate Debt Strategies business (“BREDS”) across the globe.  Today, BREDS has more than $77 billion in investor capital across high yield / opportunistic real estate credit funds, a publicly traded Mortgage REIT, CMBS securities and insurance capital.  Brio is a sophisticated real estate credit solutions provider that enhances value for investors and supports BREDS across key functions, including asset management, transactions, capital markets, surveillance, portfolio management and legal & compliance.  Brio provides critical infrastructure and capabilities for BREDS to allow for effective investments and management of its global portfolio.

Blackstone is the world’s largest alternative asset manager with more than $1 trillion in assets under management. Blackstone’s scale, with roughly 12,700 real estate assets and over 240 portfolio companies, enables them to invest in dynamic sectors positioned for long-term growth. The firm seeks to deliver compelling returns for institutional and individual investors by building strong businesses that deliver lasting value. Blackstone’s global investment strategies focus on real estate, private equity, infrastructure, life sciences, growth equity, credit, secondaries and hedge funds.

JOB SUMMARY

Brio Homebuilder Solutions finances production homebuilders and residential developers nationwide. We specialize in revolving lines of credit and acquisition, development, and construction (ADC) facilities that enable the development, construction, and sale of new homes in major U.S. metropolitan markets. Our clients typically deliver 150 to 200 homes annually or more, ranging from regional builders to multi‑market operators. We also finance master‑planned communities and stand‑alone residential developments.

We are seeking an analytical professional to support the ongoing asset management of residential A&D, ADC, and homebuilder lending facilities. The role will focus on individual loan and project performance, borrower requests, credit actions, and the resolution of asset-level matters following loan closing.

The ideal candidate will have strong real estate credit and asset-management skills, a solid understanding of residential development and homebuilder finance, and the ability to evaluate changing circumstances, identify asset-level risks, and recommend appropriate actions.

What You’ll Do

·       Asset & Portfolio Management: Manage assigned homebuilder and residential development loans and evaluate performance against approved business plans, loan terms, and transaction expectations.

·       Construction & Inventory Monitoring: Monitor development progress, construction milestones, project phasing, builder inventory, home starts, completions, closings, cancellations, and sales activity. Review project performance against approved budgets and timelines.

·       Borrowing Base & Collateral Management: Review borrowing base and collateral reporting, monitor availability and collateral eligibility, review valuation updates, and coordinate collateral releases, lot takedowns, and related asset-level activities.

·       Borrower & Loan Compliance: Monitor borrower compliance with loan requirements, including covenants, reporting requirements, insurance, and other material conditions, and address exceptions or deficiencies as appropriate.

·       Borrower Requests & Credit Actions: Evaluate extensions, modifications, waivers, consents, amendments, and other post-closing borrower requests and prepare recommendations for approval.

·       Inspections & Project Oversight: Coordinate property inspections, field reviews, and third-party reports and evaluate material findings affecting the financed project or collateral.

·       Issue Management: Identify and evaluate asset-specific challenges, covenant issues, project deviations, or other emerging concerns and recommend appropriate solutions or risk mitigants.

·       Loan Documentation: Review and interpret loan agreements, guaranties, and related credit documentation when evaluating borrower requests, extension requirements, and other asset-level matters.

·       Loan Servicing & Administration: Coordinate funding requests, payoff activity, collateral releases, satisfactions, reconveyances, and other post-closing loan administration activities in partnership with Loan Servicing and Legal.

·       Management Reporting: Prepare concise asset updates highlighting material developments, decisions, risks, and recommended actions.

·       Cross-Functional Coordination: Partner with Relationship Management, Credit, Legal, Portfolio Risk, and Loan Servicing to resolve matters affecting assigned assets.

What You’ll Bring

• MBA in Finance or bachelor’s degree in finance, Accounting, Economics, Real Estate, Business Administration, or a related field.
• 3 to 5 years of experience in commercial banking, real estate lending, credit analysis, underwriting, asset management, or a related financial-services role.
• Strong understanding of residential land development, A&D/ADC lending, homebuilder finance, and real estate credit fundamentals.
• Experience evaluating individual loans, borrowers, and project performance.
• Ability to review and interpret loan agreements, guaranties, and other credit documentation.
• Experience evaluating extensions, modifications, waivers, consents, or similar borrower requests.
• Understanding of residential development, construction milestones, project phasing, inventory, and home-sale activity.
• Strong analytical and problem-solving skills with the ability to develop clear recommendations.
• Strong written and verbal communication skills.
• Ability to manage multiple assets and loan-level matters while maintaining accuracy and attention to detail.
• Ability to work independently and collaborate effectively across multiple internal functions.

Nice to Have

• Experience managing loans to production homebuilders or residential developers.
• Knowledge of master-planned communities and horizontal and vertical development.
• Experience with loan amendments, extensions, modifications, or other post-closing credit actions.
• Familiarity with appraisal, inspection, and collateral-review processes.
• Experience managing complex or multi-phase residential development projects.

In this role, you will help structure and evaluate new lending opportunities, strengthen credit decision-making, and support Brio in delivering reliable, scalable capital to leading homebuilders and residential developers.

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EEO Statement

The Company is an equal opportunity employer. In accordance with applicable law, we prohibit discrimination against any applicant, employee, or other covered person based on any legally recognized basis, including, but not limited to: veteran status, uniformed servicemember status, race, color, caste, immigration status, religion, religious creed (including religious dress and grooming practices), sex, gender, gender expression, gender identity, marital status, sexual orientation, pregnancy (including childbirth, lactation or related medical conditions), age, national origin or ancestry, citizenship, physical or mental disability, genetic information (including testing and characteristics), protected leave status, domestic violence victim status, or any other consideration protected by federal, state or local law. We are committed to providing reasonable accommodations, if you need an accommodation to complete the application process, please email [email protected]