Capital Markets Associate

This Capital Markets Associate role supports the origination and execution of commercial real estate debt and structured finance transactions, providing the analytical and process management backbone from initial sizing through closing. The position combines underwriting and modeling with real-time market intelligence to shape financing strategy and inform lender and investor positioning. Based in New York, the role partners closely with senior deal leads and external capital providers across a range of property types and transaction scenarios. Job Features Support origination and execution of debt and structured finance transactions across commercial real estate assets Prepare financing analyses including sizing, proceeds, pricing, leverage and coverage metrics, and sensitivity scenarios Build and maintain cash flow and capitalization models to evaluate refinancing, acquisition financing, and recapitalization options Track key market indicators and comparable financings to inform pricing, structure, and execution strategy Develop lender/investor marketing materials including teasers, term sheet comparisons, and financing recommendation memos Coordinate lender outreach and manage inbound Q&A, data requests, and follow-ups through the process Manage transaction due diligence workflows, including collection and organization of property, leasing, operating, and borrower information Support closing execution by coordinating third-party reports, counsel deliverables, and timeline/closing checklists Blackstone Real Estate is the real estate investing business of Blackstone, a global alternative asset manager. The platform invests globally across both real estate equity and real estate debt, deploying capital across strategies and major property sectors. Equity investing spans thematic strategies across the risk spectrum, including opportunistic and core-plus approaches, with exposure that includes logistics, residential, office, life science office, and retail. The debt business originates real estate loans and invests in real estate-backed debt securities, and it manages Blackstone Mortgage Trust (NYSE: BXMT), a real estate finance company focused on senior loans collateralized by commercial real estate. Target Compensation Range $100,000 – $600,000 Posted Aug 15, 2026