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SitusAMC

Managing Director, Commercial Real Estate Loan Underwriting

SitusAMC, Lincoln, Nebraska, United States, 68511

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SitusAMC is where the best and most passionate people come to transform our client’s businesses and their own careers. Whether you’re a real estate veteran, a passionate technologist, or looking to get your start, join us as we work together to realize opportunities for everyone, we proudly serve.

At SitusAMC, we are looking to match your unique experience with one of our amazing careers, so that we can help you realize your potential and career growth within the Real Estate Industry. If you are someone who can be yourself, advocate for others, stay nimble, dream big, own every outcome, and think global but act local – come join our team!

We are looking for a Managing Director for our client, a multi-billion-dollar financial services institution. In this role, you would support the origination, underwriting, closing and execution of commercial real estate loans for the Bank’s CMBS and balance sheet programs.

Underwrite and close commercial real estate loans for multiple borrowers and different asset types

Participate in initial loan sizing, collaborating with origination and capital markets teams

Conduct financial analysis, including assessment of property and borrower financials, cash flows, and other key underwriting metrics

Conduct property level & market / submarket due diligence, with specific focus on market trends, comparable properties and leases, tenant quality, and local economic conditions as appropriate

Risk assessment & structuring – be able to identify potential risks, recommend mitigants, and structure loan terms accordingly to ensure compliance with credit guidelines and overall marketability of loans for securitization

Preparation of credit memos for both internal and external presentation, including deal strengths, cash flow analysis, risks and mitigants, borrower / sponsor review, and market & property level due diligence

Interface regularly with internal staff, clients, legal counsel, and other third-party providers to discuss specific projects

Complete site inspections and detailed market analysis, including broker interviews and discussions with property management

Ability to review third party reports (appraisal, engineering, environmental, etc.), and identify key issues that warrant further investigation and / or revision

Collaborate with appraisal review group to discuss specific appraisal methodology and ensure that the assumptions used in the appraisal are well-supported and are consistent with the actual terms at the Property and / or market

Assess borrower’s credit worthiness by reviewing financial statements, credit reports, and media searches

Ability to evaluate major / single tenant performance or financial condition

Actively participate and take the lead in discussions with syndication partners, investors, b-buyers and rating agencies regarding the merits of each transaction, and be able to address any concerns related to loan structure, sponsorship, legal, property, market, and underwriting

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