Intern, Construction Lending

Invitation Homes LP; Dallas (TX); Hybrid; USD 25,000 - 43,000; Full time

Benefits offered by this job

Competitive pay and annual bonus

Generous PTO and holidays

401(k) with company match

Casual dress code

Team events and ERGs

Job summary

Invitation Homes, a leading home leasing company, offers a 10-week paid summer internship within the Investment Management Group. The Construction Lending Intern will participate in the full lending lifecycle, from underwriting to portfolio monitoring, while receiving mentorship from experienced professionals.

This paid internship in Dallas focuses on construction loan origination, underwriting, draws, and due diligence, providing hands-on experience and exposure to a fast-paced REIT environment.

Qualifications

• Experience with Excel or similar tools through coursework or projects.
• Strong analytical mindset and willingness to learn technical tools.
• Excellent communication and organizational skills; collaborative.
• Desire to work in Dallas, Texas.

Responsibilities

• Support underwriting of construction and bridge loans, analyzing borrower financials and budgets.
• Prepare loan packages and credit memos for Loan Committee.
• Model construction loan cash flows, reserves, and draw schedules.

Skills

Excel

Analytical mindset

Strong communication

Education

Finance/Real Estate/Business degree (Bachelor/Master)

Tools

Tableau

Python

SQL

Job description

Who We Are

Invitation Homes is a fast-paced, publicly traded REIT that is pioneering a new industry with over 110,000 single-family rental homes owned and managed and a market capitalization of over $20 billion. As the nation's premier home leasing company, we are looking for students serious about kickstarting their career alongside our passionate and collaborative associates. We are looking for dynamic students to join our 2027 summer internship program.

The Role

Invitation Homes 10-week paid summer internship is the first step in building a career as an Investment Management Group (IMG) associate. Our interns deliver innovative solutions to real business challenges and build enduring relationships with their manager and assigned mentor. This is an opportunity for personal and professional development, community outreach, and other meaningful intern specific events.

The BTR Construction Lending Intern role is a unique opportunity to learn the construction loan origination, underwriting, and portfolio management process firsthand. The Construction Lending Intern will assist in all facets of the lending lifecycle including underwriting BTR loan opportunities, managing construction draws, monitoring active projects, and preparing loan committee materials.

What you'll do day-to-day:

• Support the underwriting of BTR construction and bridge loans, including analysis of borrower financials, project budgets, market feasibility, and collateral assessments
• Collaborate with analysts and associates to prepare loan packages and credit memos presented to the Loan Committee
• Learn to model construction loan cash flows, interest reserves, draw schedules, and return projections to evaluate loan viability and risk
• Assist in processing and reviewing construction draw requests, tracking project progress against budget and schedule milestones
• Perform analysis on BTR market trends, absorption rates, and comparable rental data to support loan underwriting and due diligence
• Complete ad-hoc projects assigned by the manager and mentor
• Suggest improvements to existing processes and tools

What You Bring

We are seeking a motivated individual who is ready to apply business practices and processes in a fast-paced, real-world environment.

Required Qualifications

• Proficiency in the MS Office Suite, particularly Excel
• Experience utilizing a technical skill (e.g., Excel, AI, Python, Tableau, SQL, etc.) through coursework, personal initiatives, or previous employment is preferred but not required
• Strong analytical mindset, eagerness to learn technical tools, excellent communication and organizational skills, and the ability to adapt, problem-solve, and collaborate effectively
• Desire to work in Dallas, Texas

Education/Certifications:

• Rising senior or grad student pursuing a bachelor's or master's degree from an accredited university in Finance, Real Estate, Business, Economics, Statistics, Mathematics, Computer Science, or other related fields with an expected graduation date between December 2028 and May 2028

Why Invitation Homes

We believe when our residents thrive, our associates thrive. Here, you're not just filling a role - you're building a career at a company that invests in your growth and welcomes you for who you are.

What's in it for you

• Competitive pay and annual bonus program for all associates

• Generous PTO including vacation accrual, sick time, volunteer time, and standard and floating holidays

• 401(k) with company matching contributions

• Casual dress code and a genuinely great work environment

• Team events, celebrations, and a culture that values connection

• Employee Resource Groups: Together with Women, Asian Alliance, Black Collective, Juntos, Gen Next, and Open Invitation

• Career growth paths and learning opportunities - we promote from within

Salary Range

$17.90 - $31.03

Invitation Homes is an equal opportunity employer committed to fostering a diverse, inclusive and innovative environment with the best associates. We are committed to equal employment opportunity regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability, gender identity, Veteran status or any other factor protected by applicable federal, state, or local law. If you have a disability or special need that requires accommodation, please contact us at [e-mail].