CRE Debt Underwriter – Associate (Real Estate Lending)

Testing Site - JPMC; Los Angeles (CA); On-site; USD 120,000 - 180,000; Full time

Job summary

J.P. Morgan Asset Management – Real Estate Americas is seeking an Associate to identify and underwrite lending opportunities across diverse property types.

You will develop investment strategies, prepare memos, and present to the investment committee, while building relationships with brokers, banks, borrowers, and peers. You will spend time analyzing capital stacks, constructing complex underwriting models, and assisting in deal execution from underwriting through closing.

Qualifications

• Minimum 5 years of real estate work experience.
• Excellent financial modeling skills including high proficiency in Excel; Argus proficiency.
• Knowledge of fundamental real estate cash flow and valuation analysis for office, industrial, retail, and multifamily sectors.
• Experience with deal management, including risk identification and structuring to mitigate risk.
• Ability to multi-task and work effectively on multiple deals with several originators.
• Strong interpersonal skills to establish and manage relationships with borrowers, mortgage bankers, participating lenders, lawyers, and team members.
• Excellent written and verbal communication skills.
• Highly organized with a keen attention to detail.
• Strong quantitative and analytical skills.
• Desire to take initiative and be a team player.

Responsibilities

• Underwrite potential lending opportunities for various funds and investment vehicles.
• Analyze investments up and down the capital stack, across multiple product types and risk profiles from senior loans to mezzanine investments.
• Create detailed and complex financial underwriting models for the financing of real estate investments.
• Assist with modifications and loan restructurings on an as needed basis.
• Perform property and market research through conversations with brokers, sponsors, market participants, and REA regional teams to understand the key risks of each investment and vet underwriting assumptions.

Skills

Financial modeling

Excel proficiency

Valuation analysis

Risk management

Communication

Team player

Attention to detail

Quantitative skills

Tools

Argus

Job description

J.P. Morgan Asset Management – Real Estate Americas is seeking an Associate to identify and underwrite lending opportunities across diverse property types.

You will develop investment strategies, prepare memos, and present to the investment committee, while building relationships with brokers, banks, borrowers, and peers. You will spend time analyzing capital stacks, constructing complex underwriting models, and assisting in deal execution from underwriting through closing.