Underwriter will be responsible for providing underwriting and due diligence services associated with senior commercial mortgage loans and preferred equity transactions for institutional clients. Real estate transactions will be primarily bridge and construction loans on transitional assets. Under the direction of the Senior Underwriter, the Underwriter will be responsible for compiling DD checklist, reviewing property related documents including leases, reviewing third-party reports, preparing cash flow models and preparing a comprehensive asset summary. While reporting to the Senior Underwriter, the Underwriter should be capable of independently completing a full underwriting assignment with minimal guidance.
The UW should have experience with value-add real estate projects and construction projects. Additionally, the Underwriter should possess strong communication and problem-solving skills as there is a focus on understanding the business plan for the project and the property's place in the market. Where diligence varies from the initial underwriting or investment thesis, the UW will be proactive in working with the Senior Underwriter and client's deal team to highlight variances and resolve issues.
EDUCATION and EXPERIENCE Bachelor's degree from a four-year college or university required. Minimum two years experience in analysis of commercial real estate properties, including duties such as inspecting property, reviewing financial statements, and underwriting loan transactions. Appraisal experience is desirable for property valuation and market analysis.
The ideal candidate will have a minimum of 5-10 years experience in commercial real estate underwriting, lending, origination or asset management.
Internal Number: 19031708
With broader and deeper capabilities than any other company, CBRE is the leading full-service real estate services and investment organization in the world.
CBRE Group, Inc. is the world’s largest commercial real estate services and investment firm, with 2017 revenues of $14.2 billion and more than 80,000 employees (excluding affiliate offices). CBRE has been included in the Fortune 500 since 2008, ranking #214 in 2017. It also has been voted the industry’s top brand by the Lipsey Company for 17 consecutive years, and has been named one of Fortune’s “Most Admired Companies” in the real estate sector for six years in a row. Its shares trade on the New York Stock Exchange under the symbol “CBRE.”
CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services.