VP, Underwriter - Merchants Investment Partners

Merchants Capital Corporation • New York, NY

1d

About The Position

Reporting to the senior leadership of Merchants Investment Partners, this role will serve as the primary internal-facing entry point for all prospective multifamily and healthcare commercial real estate (CRE) loans targeted for Merchants Investment Partner debt funds and investment vehicles. Merchants Investment Partners (“MIP”) is the 3rd party capital investment manager subsidiary of Merchants Bancorp. Along with its affiliates, Merchants Bank of Indiana and Merchants Capital, MIP invests in CRE loans originated by Merchants Capital. Merchants Capital originates more than $5 billion of loans for the Merchants Bank and MIP balance sheets each year. In addition to purchasing loans, MIP’s responsibilities include managing securitizations and the issuance of SRT and CMBS transactions.

Requirements

• Bachelor’s degree
• 5+ years of multifamily and/or healthcare commercial real estate (CRE) underwriting experience
• Knowledge of the bridge and permanent lending space
• Detail oriented with exceptional organizational and problem-solving skills
• Strong verbal and written communication skills
• Demonstrated work ethic and ethical standards

Nice To Haves

• Experience with Affordable Housing properties and loan structures a plus
• Knowledge Agency and HUD lending a plus

Responsibilities

• Senior member of the MIP team responsible for investments and management of the CRE loan portfolio and pipeline
• Work with loan originators to review, price, structure and help source loan opportunities that meet the credit and return requirements for MIP
• Screen all incoming loans for sponsor and credit worthiness to determine if term sheets should be issued and full due diligence should commence
• Work with Merchants Capital and Merchants Bank underwriting, legal and closing teams to manage loans through full due diligence lifecycle
• Maintain reports on loan pipeline
• Work with MIP leadership to develop new investment products
• Review and monitor existing portfolio alongside the internal asset management team
• Assess loan amendment and modification requests
• Collaborate with senior leadership to maximize performance attribution and vehicle returns

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 101-250 employees