Summer Intern

SitusAMC•New York, NY

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 a Summer Intern for the Commercial Real Estate Mortgage Warehousing team of our client, a multi-billion-dollar financial services institution (the "Bank"). In this role, the new hire will be focusing on the breadth of activities associated with the origination, asset management and surveillance of commercial real estate (“CRE”) mortgage warehouse facilities across a multi-billion-dollar portfolio. In this role, you will be working directly with premier institutional clients – including private and public REITs, private equity, and commercial real estate finance companies - and partnering with them on the financing of a wide array of commercial real estate transactions. Given our client's unique culture and structure, candidates will be exposed to clients/senior stakeholders and experience the full range activities that happen across the transaction lifecycle. Our summer internship is a seven-week program for undergraduate students designed to fully immerse you in the day-to-day activities of our team.

Requirements

Demonstrable interest in real estate
Coursework, co-curricular activities, or experience in commercial real estate.
Knowledge of commercial real estate finance and performance metrics.
Strong quantitative and analytical skills.
Proficiency in Excel®, Word®, PowerPoint®.
Ability to work with large datasets to process and process results.
Highly developed organizational and project/time-management skills with an ability to manage multiple priorities and meet multiple deadlines.
Excellent communication, presentation, and business writing skills under pressure.
A strong commitment to integrity, professionalism, and Hanover's guiding principles.
A demonstrable ability to work both independently and effectively with team members in diverse groups and regions.

Nice To Haves

Knowledge of ARGUS is a plus.

Responsibilities

Partner with public and private REITs, private equity firms and commercial real estate finance companies providing liquidity to finance the acquisition, refinancing and development of commercial real estate across all asset types.
Review client due diligence packages (including client investment memos, third-party reports, market information, sponsor financials, etc.).
Manage re-underwriting of assets and evaluation/approval of credit risk.
Review monthly property level financial statements and rent rolls, as well as leasing, construction, and servicer reports.
Construct Asset Management Reports (AMR’s) and Asset Summary Reports (ASRs), with cash flow models.
Perform credit analysis and diligence activities associated with the origination of new warehouse finance facilities.