Associate, Commercial Real Estate

Northeast Bank•Boston, MA

4h•Hybrid

About The Position

Launched in 2010, Northeast Bank’s national lending team continues to expand by providing dynamic commercial real estate lending solutions. As a national lender with deep industry knowledge, the Bank originates traditional and transitional loans and other facilities for borrowers and non-bank lenders, as well as purchases loans (individually and in pools) originated by third parties. Northeast Bank has earned a reputation as a smart and nimble lender in the commercial real estate space, powered by an experienced underwriting team with a successful track record. The successful candidate would be part of the Real Estate Group and will play an active role on the origination and underwriting team, providing valuation and market expertise for new lending opportunities across all real estate sectors nationwide.

Requirements

Bachelor’s degree with a strong track record of performance and leadership
2 plus years of experience in commercial real estate lending, real estate valuation and/or underwriting.
Intermediate to advanced Excel skills with knowledge of real estate financial modeling
Outstanding interpersonal, verbal, and written communication skills
Attention to detail, ability to multi-task and self-motivate in a fast-paced environment
Ability to objectively evaluate and consider all data prior to reaching conclusions

Nice To Haves

Formal bank credit training or continuing education in credit and/or real estate topics a plus

Responsibilities

Commercial Real Estate Valuation – complete internal valuation analyses/reports across a variety of property types and geographies for loans under consideration for purchase or origination. Involves fast paced, independent analysis including the review and synthesis of appraisal, property financials and other due diligence items; discussions with local market participants; and a survey of market conditions. Present conclusions to Loan Approval Committee / Senior Management
Prescreen New Opportunities – review real estate securing new lending opportunities to assess market position and liquidity and develop a view on collateral value and loan to value. Work closely with Relationship Management and Credit Underwriting groups to discuss risks associated with underlying real estate
Collaborate & Consult – work closely with the Originators, Credit, Legal, Relationship Management and Asset Management throughout the life cycle of a loan, from due diligence-to closing-to asset management-to disposition. Act as a subject matter expert on all matters related to real estate
Travel – when appropriate, complete site inspections for due diligence or asset management purposes
Flexibility – able to work on ad-hoc projects and requests as needed and as dictated by business needs
Successfully pass technical and regulatory examinations required by the Company.