Associate Underwriter - Balance Sheet and CMBS Loans - Situs

January 31, 2018

Situs

New York, New York
http://www.situs.com

Our clients are the Commercial Real Estate Finance groups within the top investment banks in the US.  They harness expertise in debt financing and arranging corporate and specialized finance transactions embracing comprehensive origination, arranging, and structuring and placement capabilities.  

Our clients are widely recognized as major industry players thanks to their comprehensive array of financing services involving the entire spectrum of asset types.  Within Real Estate, they provide clients with a wide array of funding tools such as CMBS, bridge loans and B-notes.

Due to continued growth in the US, they have partnered with Situs to provide them with a dedicated team of originators, underwriters and asset managers across the full range of their real estate products. 

This Associate level position will be based on-site with one of our clients in New York and will be part of the commercial real estate finance teams.  You will assist their Senior Bankers and teams with managing the transaction process, including due diligence, underwriting, and credit approval of CMBS and balance sheet loans.  You will manage third-party transaction consultants, work with our clients internal credit groups in their review of file, and assist capital markets with investor review and distribution via securitization or syndication.

Responsibilities include, but are not limited to:

  • Manage loan underwriting assignments for multiple borrowers and different asset types
  • Prepare final underwriting and credit approval memoranda and present loans for internal credit approval process
  • Perform all aspects of the due diligence and underwriting for loans including analyzing property level data and guarantor financial statements, and reviewing and approving appraisals, property condition assessments and environmental reports
  • Manage all aspects of the structuring, legal documentation and closing of approved loans with clients, co-lenders (for a combination of syndicated loans and loans with subordinate debt), the internal deal team and outside legal counsel
  • Interface with credit rating agencies and institutional investor groups 
  • Writing Asset Summary Reports and support the securitization and syndication process
  • Complete site inspections and detailed market analysis, including broker interviews and discussions with property management

Desired Skills & Experiences:

  • Minimum of 3 years of commercial real estate underwriting experience - balance sheet and/or CMBS loans
  • Ability to manage multiple priorities and meet multiple deadlines
  • Excellent analytical and problem solving skills
  • Excellent Excel and cash flow modeling skills
  • Excellent business writing skills
  • Proficient using Argus, Excel, Word and PowerPoint