Underwriter - Real Estate Development & Bridging loans

JR United Kingdom; London; Hybrid; GBP 50,000 - 70,000; Full time

Job summary

A well-backed property lender in London is seeking an experienced Underwriter to join their growing team. This role involves underwriting loans across various finance structures and conducting due diligence in a dynamic and supportive environment. With significant opportunities for career progression, you will be part of a fast-paced firm backed by institutional capital, focusing on UK commercial real estate.

Benefits

Hybrid working

Supportive team culture

Clear opportunity for career progression

Qualifications

• 3–6+ years of experience in real estate lending or underwriting.
• Strong knowledge of development and bridging finance.
• Confident in complex lending structures.

Responsibilities

• Underwrite loans across development and bridging.
• Conduct due diligence on borrowers and assets.
• Prepare well-structured credit papers.

Skills

Analysing development appraisals

Credit analysis

Communication

Risk identification

Job description

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Client:

Caravel

Location:

london, United Kingdom

Job Category:

Other

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EU work permit required:

Yes

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Job Views:

6

Posted:

16.06.2025

Expiry Date:

31.07.2025

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Job Description:

A well-backed and fast-growing property lender is looking to hire an experienced Underwriter to join their team in London.

With a strong pipeline of deals and a diverse portfolio across development, bridging, and mezzanine finance, this is a great opportunity to take on a hands-on underwriting role in a highly active credit environment.

The business is focused on UK commercial real estate and is backed by institutional capital, with a warehouse line already in place. Their platform has grown quickly since launching in late 2024 and has ambitious plans to scale their loan book significantly over the next 12–18 months.

What you’ll be doing:

• Underwrite loans across development, bridging and (ideally) mezzanine structures
• Conduct due diligence on borrowers, assets, exit strategies, and professional reports
• Review development appraisals, borrower financials and cash flows
• Prepare concise and well-structured credit papers
• Work closely with originators, case managers, valuers, solicitors and surveyors
• Identify and mitigate risks to support credit committee recommendations

What they’re looking for:

• 3–6+ years of experience in real estate lending, underwriting or credit analysis
• Strong knowledge of development and bridging finance in the UK market
• Mezzanine or stretch senior experience would be a plus
• Confident analysing development appraisals and complex lending structures
• Clear communicator with a high level of attention to detail
• Comfortable working in a lean, fast-paced, high-volume environment
• High deal volume and exposure to a wide range of real estate transactions
• Direct access to decision-makers and the credit committee
• Well-capitalised and institutionally backed platform
• Hybrid working and supportive team culture
• Clear opportunity for progression as the platform scales