Associate, CRE Loan Origination
About The Position
SitusAMC is where the best and most passionate people come to transform our client’s businesses and their own careers. Whether you’re a real estate veteran, a passionate technologist, or looking to get your start, join us as we work together to realize opportunities for everyone, we proudly serve. At SitusAMC, we are looking to match your unique experience with one of our amazing careers, so that we can help you realize your potential and career growth within the Real Estate Industry. If you are someone who can be yourself, advocate for others, stay nimble, dream big, own every outcome, and think global but act local – come join our team! We are looking for an Associate join our client’s Large Loan Team in screening, sizing, structuring, underwriting and documentation of potential CRE loan opportunities for diverse asset classes across the US. The team originates $multi-million / $billion+ loans for securitization/syndication and supports underwriting for the recently established balance sheet program.
Requirements
- Bachelor’s degree from an accredited institution
- 4-6 years’ experience in CMBS loan underwriting or similar role
- Strong financial modelling / excel skills
- Excellent communication skills, willingness to work as part of a larger team
- Self-starter who thrives in a dynamic environment and requires minimal supervision
Responsibilities
- Support large loan originators with the sizing, underwriting/due diligence, closing and execution of large loan transactions across various geographies and asset types
- Prepare sizing cashflow and, estimated capital stacks for pricing and quoting large loans and for purposes of preliminary credit approval
- Recommend structural loan features to enhance credit and mitigate risk
- Prepare all necessary components of the credit package, including due diligence material, credit memo/Asset Summary Report and underwriting
- Complete site inspections and detailed market analysis, including broker interviews and discussions with property management and ownership
- Analyze detailed property financial information
- Create and/or review existing Argus cash flow models; edit assumptions based on actual market data collections and financial review information
- Review third party reports (appraisal, engineering, environmental, etc.), and identify key issues that warrant further investigation and/or revision
- Participate in presentations and discussions with clients, mortgage brokers, loan syndication partners, rating agencies, B buyers and mezz lenders regarding loan structure, sponsorship, legal, property, market, pricing, and underwriting issues
- Assist Capital Markets team to ensure the successful execution/exit of loans, including coordination with rating agencies, investors, and securitization functions
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Number of Employees
1,001-5,000 employees
