Merchants Capital Corp.
VP, Underwriter - Merchants Investment Partners
Merchants Capital Corp., New York, New York, us, 10261
Description
Reporting to the senior leadership of Merchants Investment Partners, this role will serve as the primary internal-facing entry point for all prospective multifamily and healthcare commercial real estate (CRE) loans targeted for Merchants Investment Partner debt funds and investment vehicles.
Merchants Investment Partners (“MIP”) is the 3rd party capital investment manager subsidiary of Merchants Bancorp. Along with its affiliates, Merchants Bank of Indiana and Merchants Capital, MIP invests in CRE loans originated by Merchants Capital. Merchants Capital originates more than $5 billion of loans for the Merchants Bank and MIP balance sheets each year. In addition to purchasing loans, MIP’s responsibilities include managing securitizations and the issuance of SRT and CMBS transactions.
Requirements Primary Responsibilities
Senior member of the MIP team responsible for investments and management of the CRE loan portfolio and pipeline
Work with loan originators to review, price, structure and help source loan opportunities that meet the credit and return requirements for MIP
Screen all incoming loans for sponsor and credit worthiness to determine if term sheets should be issued and full due diligence should commence
Work with Merchants Capital and Merchants Bank underwriting, legal and closing teams to manage loans through full due diligence lifecycle
Maintain reports on loan pipeline
Work with MIP leadership to develop new investment products
Secondary Responsibilities
Review and monitor existing portfolio alongside the internal asset management team
Assess loan amendment and modification requests
Collaborate with senior leadership to maximize performance attribution and vehicle returns
Expected Experience, Skills and Education
Bachelor’s degree
5+ years of multifamily and/or healthcare commercial real estate (CRE) underwriting experience
Experience with Affordable Housing properties and loan structures a plus
Knowledge of the bridge and permanent lending space
Knowledge Agency and HUD lending a plus
Detail oriented with exceptional organizational and problem-solving skills
Strong verbal and written communication skills
Demonstrated work ethic and ethical standards
Pay Range The approximate total compensation pay range for New York is $150,000.00 - $200,000.00 annually. Please note that the pay range provided is a good faith estimate of total compensation for the position at the time of posting. Actual total compensation will be dependent on factors, including but not limited to, the individual’s qualifications, experience, knowledge, skills, and abilities.
ABOUT MERCHANTS CAPITAL With over 30 years of success built on putting people first, Merchants Capital is a proven leader in financing for multifamily housing nationwide. Our licenses with Fannie Mae, Freddie Mac, and HUD/FHA, in addition to our bank’s balance sheet products, allow us to offer custom solutions with agility and ease of execution, expanding access to housing in meaningful and impactful ways. Recognized as a top five affordable lender, Merchants Capital pairs our comprehensive debt offerings with in-house tax credit equity to provide a one-stop-shop for developers and owners. To learn more about Merchants Capital, visit www.merchantscapital.com.
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Reporting to the senior leadership of Merchants Investment Partners, this role will serve as the primary internal-facing entry point for all prospective multifamily and healthcare commercial real estate (CRE) loans targeted for Merchants Investment Partner debt funds and investment vehicles.
Merchants Investment Partners (“MIP”) is the 3rd party capital investment manager subsidiary of Merchants Bancorp. Along with its affiliates, Merchants Bank of Indiana and Merchants Capital, MIP invests in CRE loans originated by Merchants Capital. Merchants Capital originates more than $5 billion of loans for the Merchants Bank and MIP balance sheets each year. In addition to purchasing loans, MIP’s responsibilities include managing securitizations and the issuance of SRT and CMBS transactions.
Requirements Primary Responsibilities
Senior member of the MIP team responsible for investments and management of the CRE loan portfolio and pipeline
Work with loan originators to review, price, structure and help source loan opportunities that meet the credit and return requirements for MIP
Screen all incoming loans for sponsor and credit worthiness to determine if term sheets should be issued and full due diligence should commence
Work with Merchants Capital and Merchants Bank underwriting, legal and closing teams to manage loans through full due diligence lifecycle
Maintain reports on loan pipeline
Work with MIP leadership to develop new investment products
Secondary Responsibilities
Review and monitor existing portfolio alongside the internal asset management team
Assess loan amendment and modification requests
Collaborate with senior leadership to maximize performance attribution and vehicle returns
Expected Experience, Skills and Education
Bachelor’s degree
5+ years of multifamily and/or healthcare commercial real estate (CRE) underwriting experience
Experience with Affordable Housing properties and loan structures a plus
Knowledge of the bridge and permanent lending space
Knowledge Agency and HUD lending a plus
Detail oriented with exceptional organizational and problem-solving skills
Strong verbal and written communication skills
Demonstrated work ethic and ethical standards
Pay Range The approximate total compensation pay range for New York is $150,000.00 - $200,000.00 annually. Please note that the pay range provided is a good faith estimate of total compensation for the position at the time of posting. Actual total compensation will be dependent on factors, including but not limited to, the individual’s qualifications, experience, knowledge, skills, and abilities.
ABOUT MERCHANTS CAPITAL With over 30 years of success built on putting people first, Merchants Capital is a proven leader in financing for multifamily housing nationwide. Our licenses with Fannie Mae, Freddie Mac, and HUD/FHA, in addition to our bank’s balance sheet products, allow us to offer custom solutions with agility and ease of execution, expanding access to housing in meaningful and impactful ways. Recognized as a top five affordable lender, Merchants Capital pairs our comprehensive debt offerings with in-house tax credit equity to provide a one-stop-shop for developers and owners. To learn more about Merchants Capital, visit www.merchantscapital.com.
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