Manhattan, NY
Salary Estimate: $95,000.00 - $105,000.00
Employment Type: Full Time
Work Place: Office
Experience Required: 1+ to 2 years
Education Required: 4 Year College
Benefits
Job Description
- Support the real estate credit team in underwriting and executing a broad range of commercial real estate debt investments, including senior bridge loans, mezzanine loans, and preferred equity investments across multifamily, mixed-use, industrial, and office assets nationwide.
- Coordinate and manage due diligence throughout the origination, underwriting, and closing processes; liaise with lenders, developers, investors, legal counsel, and other third parties.
- Develop detailed financial analyses and investment materials, including complex Excel models, investment committee memoranda, and underwriting packages to evaluate credit opportunities, assess risk, and support investment structuring.
- Build and analyze underwriting cash flow projections and multi-tier waterfalls.
- Support senior team members in maintaining and developing relationships with brokers, mortgage bankers, commercial banks, developers, and other counterparties as necessary to help source new investment opportunities.
- Execute ad hoc projects, as needed, in support of the credit team, including asset/portfolio management, CMBS and CRE CLO analysis, special servicing, and other assignments.
- Collaborate across RXR business lines to complete various projects and transactions.
Top Competencies:
- Experience with CRE debt investment including senior bridge loans, mezzanine loans, and preferred equity.
- Self-starter who has the initiative and ability to thrive in an environment that is highly entrepreneurial, and which requires rapid learning, multitasking and prioritizing under tight deadlines.
- Strong analytical and quantitative skills, including advanced Excel modeling and financial analysis.
- Strong deal execution skills, including due diligence, communicating with external parties.
- Well-organized; strong independent work ethic with excellent attention to detail.
- Fundamental understanding of real estate and financial concepts.
- Tech Savvy: Understands the breadth and depth of real estate systems. Including but not limited to: Excel, PowerPoint, GreenStreet, CoStar, Trepp, Yardi Matrix, AI
- Teamwork/Network Building/Interpersonal Savvy: Cooperates and works effectively with others.
- Organizational Skills: Detail oriented, proactive, efficient, strategic, ability to multitask.
- Effective Communication: Communicates effectively, both verbally and in writing, with internal and external stakeholders.
Experience and Education
- 1-2 years of experience working in real estate finance or banking
- Major in real estate, finance, accounting, or economics, or related field
- Passion for real estate and finance
- Outstanding quantitative and analytical ability
- Willingness to learn in a demanding, fast-paced environment, often under pressure
- Excellent interpersonal and communications skills
- High level of proficiency in Excel and PowerPoint (qualification testing will be performed)
- Experience in Argus is a plus
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