Commercial Real Estate Associate - Debt
About The Position
The Associate will be a key member of a growing team that runs a multi-billion dollar loan origination platform focused on seniors housing, student/multifamily housing, medical office, self-storage, and specialty industrial assets. Responsible for underwriting commercial real estate loans secured by properties in target sectors across the capital structure including first mortgage loans, mezzanine loans, and preferred equity investments. Participate in all stages of a prospective loan transaction, including due diligence, financial modeling/underwriting, transaction process, syndication, credit approval memo preparation and presentation, legal documentation and post-investment portfolio management. Complete in-depth analysis of potential borrowers’ business models and identify key potential investment risks. Analyze historical financial trends and build projection models covering P&L, balance sheet and cash flow statements, as well as credit ratio analysis. Perform in-depth market research to support underwriting assumptions. Review of all third-party technical reports for underwriting. Prepare investment memorandums and present recommendations and due diligence findings to the investment committee to evaluate credit and return risk. Manage the loan transaction workflow process and procedures though out the loan life. Experience in modeling cash flows, pro forma projections, property level returns, and sensitivity analysis of real estate assets. Interact professionally with internal team members, legal and loan origination personnel and externally with borrowers, brokers, bank partners and third-party service providers. Work along side asset management team in the active management of the loan portfolio, which includes monitoring and reforecasting, future-funding and draw requests, and modifications.
Requirements
- Bachelor's degree; finance or related field preferred.
- 2 - 7 years of commercial real estate underwriting experience
- Strong analytical, research and written/oral presentation skills
- Ability to problem-solve and exercise independent judgment while displaying a high degree of initiative and accuracy
- Demonstrated ability to organize & prioritize projects; complete multiple tasks on schedule
- Ability to work productively under minimal supervision
- Proficiency in Microsoft Office, especially in Excel and Word
- Strong work ethic and pro-active team player able to work effectively in a fast-paced environment
Responsibilities
- Underwriting commercial real estate loans secured by properties in target sectors across the capital structure including first mortgage loans, mezzanine loans, and preferred equity investments.
- Participate in all stages of a prospective loan transaction, including due diligence, financial modeling/underwriting, transaction process, syndication, credit approval memo preparation and presentation, legal documentation and post-investment portfolio management.
- Complete in-depth analysis of potential borrowers’ business models and identify key potential investment risks.
- Analyze historical financial trends and build projection models covering P&L, balance sheet and cash flow statements, as well as credit ratio analysis.
- Perform in-depth market research to support underwriting assumptions.
- Review of all third-party technical reports for underwriting.
- Prepare investment memorandums and present recommendations and due diligence findings to the investment committee to evaluate credit and return risk.
- Manage the loan transaction workflow process and procedures though out the loan life.
- Model cash flows, pro forma projections, property level returns, and sensitivity analysis of real estate assets.
- Interact professionally with internal team members, legal and loan origination personnel and externally with borrowers, brokers, bank partners and third-party service providers.
- Work along side asset management team in the active management of the loan portfolio, which includes monitoring and reforecasting, future-funding and draw requests, and modifications.
Benefits
- Competitive medical, dental, and vision insurance
- Flexible spending accounts (dependent care, healthcare, limited purpose FSA)
- Accident and Critical Illness insurance
- Long Term Disability insurance
- Competitive 401(k) benefits
- Pet healthcare savings program
- Member’s Only Healthcare - healthcare navigation
- WellHub - corporate wellness platform
- $10,000 lifetime reimbursement for family forming services (e.g. IVF, adoption, surrogacy)
- Rocket Lawyer legal benefits
- Reimbursement of professional society memberships and exam fees
- Up to $10,000 matching annually for contributions to qualified non-for-profit organizations
- Parental leave
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
