What the job is
You help a credit fund lend money against European property, from first look at a deal to watching the loan once it is made. The seat sits in Marathon's Commercial Real Estate group in London, which lends to the owners and operators of buildings rather than buying the buildings itself. The money it lends comes from Marathon's real estate, asset backed lending and opportunistic credit funds.
The deals cover every kind of property and several kinds of loan. Some are new loans, such as first mortgage loans, which are repaid first if the borrower fails, and junior debt, B-notes and preferred equity, which sit behind them and earn more for the extra risk. Others are purchases of existing loans and CMBS from other lenders, and some are restructurings, where a loan in trouble is reworked so the borrower can keep paying.
Your application
Your CV fitted to Marathon Asset Management’s team, the letter and the form's answers, written from your own material