CRE Structured Finance Associate

The Horizon Group; New York (NY); On-site; USD 120,000 - 180,000; Full time

Job summary

The Horizon Group is seeking a Structured Finance Associate for a client in Manhattan, NY. You will size and underwrite CRE loans including bridge, mezzanine, B-Notes and structured equity, while coordinating with borrowers, brokers and the closing team.

Ideal candidates bring 3–5 years of CRE loan experience, strong analytical skills and fluency in MS Office tools, with familiarity in Argus, Bloomberg, CoStar or Reis preferred.

Qualifications

• 3–5 years of CRE loan sizing, underwriting and credit analysis experience.
• Proficiency with MS Office, especially Excel, Word and PowerPoint.
• Argus, Bloomberg, CoStar and Reis familiarity preferred.

Responsibilities

• Size and underwrite investments; analyze borrowers, markets and properties.
• Interface with borrowers and brokers to obtain required loan docs.
• Maintain loan files and checklists; document security interest.
• Prepare underwriting narratives and loan credit memorandums.
• Present deals to credit committee and coordinate with closing team.
• Support securitization, CLO matters, and market research as needed.
• Conduct site inspections and assist with due diligence.

Skills

Excel proficiency

PowerPoint proficiency

Word proficiency

Analytical thinking

Communication skills

Education

BA/BS in finance/economics/real estate

Tools

Argus

Bloomberg

CoStar

REIS

Job description

The Horizon Group is searching for a Structured Finance Associate for one of our clients located in Manhattan, NY. Our client seeks an associate for its Structured Finance group.

The candidate will be responsible for sizing and underwriting commercial real estate loans including bridge loans, mezzanine loans, B-Notes, preferred equity and structured equity investments, B-pieces, and other high yield real estate debt products.

Overview

Our client is a New York based multi-strategy commercial real estate (CRE) investment platform that originates and securitizes Agency, CMBS and Bridge senior mortgages, invests in subordinate debt including mezzanine loans, B-Notes and preferred equity, and opportunistically buys CMBS tranches including B-pieces & performing & distressed whole loans. With 50+ years of collective debt and equity experience, the team has originated and closed in excess of $35 billion of CRE investments

Responsibilities:

• Size and underwrite investments, compile and analyze information regarding the borrowers, markets, and properties being financed.
• Interface with borrower and brokers to obtain necessary documentation required for loan file.
• Maintain loan file, applicable checklists, and any items needed to be distributed to borrower.
• Review and analyze items received to ensure file is accurately documented to perfect security interest.
• Assemble data and other information for special reports, charts, summaries and related documentation.
• Order and review third party reports.
• Provide in-depth credit and financial analyses, market research and due diligence on debt and equity investment opportunities.
• Prepare detailed valuation, sensitivity models and return analyses in the underwriting of potential deals.
• Conduct site inspections.
• Prepare underwriting narratives and loan credit memorandums that meet the Company’s investment objectives.
• Present deals to credit committee.
• Work with legal and closing department to incorporate business terms into the loan/ancillary documents and post-closing obligations. Review loan documents.
• Work with the team to present underwritten deals to warehouse line providers.
• Work with the team on securitization and CLO matters including but not limited to generating tapes, updating asset summaries, responding to queries from rating agencies, accountants and investors in connection with the securitization or sale of loans.
• Assist with market and loan research, CoStar database pulls and loan analysis when necessary.
• Conduct other projects and duties as assigned to support senior staff and the management team of the Company.

Qualifications:

• BA/BS degree in finance, economics, real estate, or related discipline preferred.
• 3-5 years of commercial real estate loan sizing, underwriting, credit analysis and lending experience in various property types.
• Proficiency in Microsoft Office Suite, with a focus on proficiency in Excel, Word and PowerPoint.
• Argus, Bloomberg, CoStar and Reis software experience preferred.
• Ability to work well and maintain a high degree of tact, discretion and comfort in interacting with a diverse group of staff, clients and vendors.
• Strong organizational and time management skills with the ability to multi-task and prioritize multiple assignments.
• Excellent written, verbal and interpersonal skills.
• Superior analytical and presentation skills
• Exceptional ability to handle sensitive/confidential information with discretion.
• The ability to work independently with minimal direction, take initiative, and exercise good judgment at all times.