San Francisco, CA
Salary Estimate: Confidential
Employment Type: Full Time
Work Place: Hybrid
Experience Required: 10+ to 15 years
Education Required: 4 Year College
Benefits
Job Description
POSITION
Full-Time, Salaried, Performance-based bonus
LOCATION: San Francisco, CA
Required 4 days per week in the office (Mon-Thu). Please do not apply if this does not align with you.
- Serve as a subject matter expert on ground-up construction, leading a team of underwriters and cross-functional alignment.
- Lead end to end analysis of ground up construction loans from borrower prescreen to completion.
- Underwrite and evaluate ground-up construction loan opportunities, including financial feasibility, cost analysis, contractor qualifications, and market viability.
- Analyze borrower financials, budgets, schedules, and exit strategies to ensure loan alignment with company credit standards.
- Review and assess general contractor and subcontractor credentials, construction contracts, and insurance compliance.
- Interpret and evaluate third-party reports including appraisals, environmental reviews, feasibility studies, and title documents.
- Conduct thorough risk assessments addressing zoning, permitting, entitlement issues, construction sequencing, and site-specific challenges.
- Lead preparation of comprehensive construction memorandums with detailed analysis and recommendations for loan committee review.
- Collaborate with internal departments (operations, legal, credit and capital markets) to ensure smooth loan closings and project oversight.
- Ensure compliance with internal underwriting policies, investor guidelines, and applicable regulatory standards.
- Bachelor’s degree in Real Estate, Construction Management, Finance, or a related field.
- 10+ years of experience in construction or real estate underwriting, with a strong emphasis on ground-up development projects.
- Proficiency in evaluating construction budgets, schedules, city permits, and feasibility models.
- Strong communication, writing, and analytical skills, with the ability to present complex deals to credit committees and executives.
- Demonstrated ability to identify risks and structure creative solutions in a high-volume, fast-paced environment.
- Experience across multiple disciplines including construction, finance and lending.
- Existing network of relationships within the construction and real estate development industry.
- Experience with digital lending platforms and construction management software.
- Familiarity with lien law protections, construction insurance, and mechanics lien enforcement.
- Understanding of permitting, entitlement, and zoning processes at municipal and state levels.
- Ability to lead due diligence efforts and interface confidently with developers, attorneys, and third-party consultants.
Mindset and Character
- Demonstrate unwavering responsiveness and dedication to delighting clients at every touchpoint.
- Be proactive, know what you are responsible for, act with integrity and follow through to the end.
- Balance speed with quality, ensuring that every response is both timely and impactful.
- Grow together through a culture of intellectual curiosity, collaboration and celebration.
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