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Spring11 is currently seeking an Analyst to join our growing team to work on a diverse portfolio of transitional commercial loan assets, including ground-up construction, spanning various property types and regions. The Analyst will be tasked with providing asset management support and qualitative and quantitative loan underwriting for a growing portfolio of commercial real estate loans.
Responsibilities
ESSENTIAL DUTIES:
- Provide commercial real estate analysis and debt underwriting across all markets and property types
- Support the senior asset managers in monitoring each position’s performance relative to underwriting, budget, and covenants within loan documents
- Coordination with and/or management of various third-parties including servicers, borrowers, lenders, and construction consultants, amongst others
- Review and approve draw requests for renovation and ground-up construction projects of varying sizes and scopes ranging from single-use, secondary market transactions to high-profile, trophy projects in major metros
- Monitor performance of transitional/value-add operating properties including performing lease analysis, TI/LC and Renovation draw reviews, and loan covenant testing
- Complete quarterly asset updates for various assets
- Update and/or help create credit committee presentation memos for loan modifications
- Work collaboratively to achieve department and firm objectives
- Contribute to the oversight and mentorship of future junior staff members to support an expanding Asset Management platform
Qualifications
SKILLS, EDUCATION AND EXPERIENCE:
- Bachelor’s Degree in Real Estate, Economics Finance or other related field required
- Minimum of 1-3 years of experience in commercial real estate is required, including direct experience with investment management, asset management, commercial property management, loan origination and/or underwriting
- Must be proficient in Microsoft Excel and PowerPoint; ARGUS experience preferred
- Excellent verbal and written communication skills
- Must possess the financial and quantitative acumen necessary to make well-reasoned, decisive recommendations, as applicable, to senior management
- Ability to work in a fast-paced and quickly changing environment
Source: Newmark Career Page
