AVP, Commercial Real Estate

Northeast Bank•Boston, MA

5d•$110,000 - $140,000•Hybrid

About The Position

Northeast Bank is a full-service community bank and a national commercial real estate lender with offices in Maine, Massachusetts, and New York. We are looking for motivated and talented individuals who want to make an impact in a growing company that cares about its employees, customers, and the communities it serves. Northeast Bank provides competitive compensation and benefits, generous PTO, and a hybrid work environment dependent on the role. If you are looking for a growing organization that prioritizes its employees, we encourage you to apply. POSITION SUMMARY: As a national commercial real estate lender with deep industry knowledge, the Bank purchases and originates traditional and transitional loans and other facilities for borrowers and non-bank lenders. 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, contributing where needed but primarily providing valuation expertise and market intelligence for portfolio review and new opportunities.

Requirements

4+ years of experience in commercial real estate lending, real estate valuation and/or underwriting.
Bachelor’s degree with a strong track record of performance and leadership.
Intermediate to advanced Excel skills with knowledge of real estate financial modeling.
Exceptional interpersonal and written skills; ability to distill complex market data into concise investment memos.
A “can-do” attitude with the ability to thrive in a fast-paced, feedback-heavy environment.

Nice To Haves

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

Responsibilities

Perform comprehensive valuations on commercial real estate collateral, ranging from high level desktop reviews to in-depth analysis.
Analyze property types, local market trends, leasing activity, and investor demand to determine value and identify risks.
Partner with other members of the National Lending team to underwrite collateral for new loan opportunities, participate in due diligence calls, and provide market, portfolio and individual collateral level insights to senior management.
Review real estate collateral securing new lending opportunities to determine market positioning, liquidity, and a high-level view of value and risk profile.
Work closely with lenders, relationship managers, and asset managers as a subject matter expert regarding the value and risk profile of assigned real estate assets.
Conduct physical site inspections for new opportunities and ongoing asset management.
Produce clear, data-driven valuation memos and broader market studies to support credit committee decisions.
Successfully pass technical and regulatory examinations required by the Company.