Overview
We are seeking a Real Estate Debt Underwriter to join a growing real estate lending platform. This individual will be responsible for conducting detailed underwriting and financial analysis of commercial real estate debt investments, supporting the evaluation, structuring, and execution of loan transactions across various property types. The ideal candidate will have at least 3 years of commercial real estate debt underwriting experience and a proven track record of underwriting and closing a high volume of transactions.
Key Responsibilities
- Underwrite commercial real estate debt investments, including bridge loans, construction loans, acquisition financing, and refinancing opportunities.
- Analyze borrower financials, property operating statements, rent rolls, market data, and third-party reports.
- Build and maintain detailed cash flow and valuation models to assess risk and investment returns.
- Evaluate key underwriting metrics including LTV, LTC, DSCR, debt yield, and sponsor strength.
- Experience with CMBS
- Prepare investment memoranda and credit approval materials for internal review and investment committees.
- Conduct market research and review comparable transactions to support underwriting assumptions.
- Coordinate due diligence processes with borrowers, brokers, legal counsel, and third-party consultants.
- Support loan closing, funding, and portfolio monitoring activities as needed.
- Work closely with originations, asset management, and capital markets teams throughout the transaction lifecycle.
Qualifications
- Bachelor's degree in Finance, Real Estate, Economics, Accounting, or a related field.
- Minimum of 3 years of commercial real estate debt underwriting experience.
- Experience underwriting at least 10+ commercial real estate loan transactions annually.
- Strong understanding of commercial real estate finance, valuation methodologies, and debt structuring.
- Advanced proficiency in Excel and financial modeling.
- Experience analyzing a variety of property types, including multifamily, industrial, office, retail, and hospitality is preferred.
- Excellent analytical, organizational, and communication skills.
- Ability to manage multiple transactions simultaneously in a fast-paced environment.
Preferred Experience
- Background with a debt fund, mortgage REIT, bank, private credit platform, or alternative lender.
- Exposure to bridge lending, transitional assets, construction financing, or value-add investment strategies.
- Familiarity with Argus and other real estate analytical tools is a plus.
This is an excellent opportunity for an experienced real estate debt professional looking to play a key role in underwriting and executing a high volume of commercial real estate loan investments.