6 Month Off-Cycle Intern, Real Estate Capital Solutions, Q1 Munich

Hogan Lovells; München; On-site; EUR 16,000 - 23,000; Full time

Job summary

Houlihan Lokey’s Capital Solutions group in Munich is seeking an Off-Cycle Intern to explore real estate capital markets and advisory. You will engage in building cash flow models, supporting pitch books, and assisting on transactions under the supervision of senior staff.

This internship offers hands-on experience, exposure to strategic finance discussions, and a pathway to potential future employment with a leading global investment bank in a dynamic European market.

Qualifications

• Excellent verbal and written communication in German and English.
• Strong academic record in relevant finance field.
• Previous internship in real estate investment, debt advisory, M&A or related fields.
• Solid understanding of real estate fundamentals and drivers.
• Strong quantitative, financial and analytical skills (cash flow modelling).
• Ability to work under pressure with attention to detail.
• Proficiency with MS Office particularly PowerPoint and Excel.

Responsibilities

• Build financial and cash flow models for real estate assets and platforms.
• Assist in preparing pitch books, investment memoranda, and financing memoranda.
• Support execution of real estate-focused capital markets and M&A transactions.
• Assist in debt advisory for large-scale financings and complex restructurings.
• Conduct market, industry, and company analyses on real estate trends.

Skills

German fluency

English fluency

Academic excellence

Real estate knowledge

Financial modelling

Quantitative skills

MS Office (PowerPoint/Excel)

Stress resilience

Education

Accounting, Economics, Finance or Real Estate degree

Tools

MS Office (PowerPoint)

MS Office (Excel)

Job description

Business Unit:

Capital Solutions

Industry:

No Industry

Overview

Houlihan Lokey, Inc. (NYSE:HLI) is a leading global investment bank recognized for delivering independent strategic and financial advice to corporations, financial sponsors, and governments. With uniquely deep industry expertise, broad international reach, and a partnership approach rooted in trust, the firm provides innovative, integrated solutions across mergers and acquisitions, capital solutions, financial restructuring, and financial and valuation advisory. Our unmatched transaction volumes provide differentiated, data-driven perspectives that help our clients achieve their most critical goals. To learn more about Houlihan Lokey, please visit HL.com.

Capital Solutions

Houlihan Lokey’s Capital Solutions Group was named World’s Best and Europe’s Best for Capital Markets Advisory at the Euromoney Awards for Excellence 2026. The group comprises more than 235 professionals globally and offers clients a broad range of tailored financing alternatives and strategic financial advice. Our team has raised ~$37bn across over 140 transactions in the last twelve months*and has a presence in 18 offices and 8 countries globally. With deep expertise in both private and public markets, we are committed to delivering innovative, value-enhancing solutions that support long‑term success for our clients.

Responsibilities

We’re looking for an Off-Cycle Intern to join our Real Estate Capital Solutions team in Munich. One of the best ways to prepare yourself for your real estate and financial advisory career is through an internship at Houlihan Lokey. This is an excellent opportunity to become an integral part of our Capital Solutions team, gain meaningful, on‑the‑job experience, and get to know Houlihan Lokey as a potential future employer.

Throughout your internship, you will get similar levels of exposure as a first‑year Analyst, taking on early responsibility and direct exposure to senior leadership .

Key responsibilities include:

• Building financial and cash flow models for real estate assets and platforms
• Assisting in the preparation of pitch books, investment memoranda, and financing memoranda
• Supporting the execution of real estate focused capital markets- and M&A transactions, including strategic advisory on acquisitions and divestitures
• Assisting in debt advisory for large‑scale financings and complex liability restructuring mandates
• Conducting in-depth market, industry, and company analyses on real estate trends

Basic Qualifications

• Excellent verbal and written communication skills with fluency in German and English (additional language skills are also advantageous)
• You will have an outstanding academic record, with preference for a degree in accounting, economics, finance, or real estate
• Have previous internship experience within real estate investment, debt advisory, M&A advisory, private equity, restructuring and/or related fields
• You will have a strong understanding of real estate fundamentals and the underlying economic drivers that impact asset value
• Strong quantitative, financial and analytical skills (especially for cash flow modelling)
• Ability to work well under pressure with attention to detail
• Good proficiency with MS Office particularly PowerPoint and Excel

Preferred Qualifications

• Previous experience in and/or interest in the real estate sector
• International experience is also desirable, but not essential
• You must be motivated and have the ability to work cooperatively with all levels of staff in a rapidly changing, demanding, but ultimately rewarding environment

Houlihan Lokey aims to attract talented students who share our passion for excellence and commitment.

We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability, gender identity, sexual orientation, protected veteran status, or any other characteristic protected by law.