Senior CRE Underwriter — C-PACE Specialist (Hybrid)

PACE Equity; Milwaukee (WI); Ibrido; USD 90.000 - 130.000; Tempo pieno

Vantaggi offerti da questo lavoro

Health insurance

401K eligibility with match

Parental Leave

Paid time off

Free parking

Employee Assistance Program

Work from home 1 day per week

Free lunch Wednesdays

Tuition Reimbursement

Monthly team events

Descrizione del lavoro

PACE Equity seeks an experienced underwriting professional to build and maintain C-PACE transaction models across multifamily, hospitality, office, retail, and more. You will develop stabilized pro formas, sources and uses, and capital stack analysis while evaluating key credit metrics and flagging out-of-range deals.

You’ll review appraisals, rent rolls, T-12s, and market studies, assess sponsor and construction risk, coordinate third-party reports, and prepare IC memos and deal summaries for

Competenze

• Bachelor’s degree in finance, real estate, accounting, economics, or a related field.
• 4–6 years of experience in commercial real estate underwriting, lending, investment banking, or valuation.
• Advanced Excel skills and comfort working in complex, macro-enabled underwriting models.
• Working knowledge of CRE fundamentals, property-level financial statements, and lender-side credit metrics.
• Clear, concise writing skills, especially for credit memos.
• Strong organization and attention to detail, with the ability to manage several transactions at once.

Mansioni

• Build and maintain underwriting models for C-PACE transactions across multifamily, hospitality, office, retail, industrial, and seniors housing assets.
• Develop stabilized pro formas, sources and uses, and capital stack analysis.
• Calculate and evaluate key credit metrics, including PACE-to-value, combined LTV/LTC, DSCR, and debt yield.
• Flag transactions that fall outside underwriting criteria.
• Review and synthesize appraisals, rent rolls, T-12s, construction budgets, CoStar and STR reports, and market studies.
• Assess sponsor strength, developer track record, and construction risk, including budget, general contractor, and completion risk.
• Coordinate third-party reports, including appraisals, Phase I ESAs, property condition reports, and energy and engineering studies.
• Confirm that eligible improvements meet C-PACE program requirements.
• Prepare credit risk scorecards, IC memos, and deal summaries.
• Clearly present the investment thesis, key risks, and mitigants for each transaction.
• Partner with originations, transaction management, legal, closing, and asset management teams.
• Work directly with borrowers, mortgage lenders, and county or state program administrators.
• Support construction draw review and post-closing handoff to asset management.
• Guide and review the work of Transaction Analysts on assigned deals.

Conoscenze

Advanced Excel

CRE underwriting experience

Financial modeling

Credit metrics knowledge

Strong writing skills

Attention to detail

Formazione

Bachelor’s degree in finance/real estate/economics

Strumenti

CoStar

STR

Argus

NIC MAP

Descrizione del lavoro

PACE Equity seeks an experienced underwriting professional to build and maintain C-PACE transaction models across multifamily, hospitality, office, retail, and more. You will develop stabilized pro formas, sources and uses, and capital stack analysis while evaluating key credit metrics and flagging out-of-range deals.

You’ll review appraisals, rent rolls, T-12s, and market studies, assess sponsor and construction risk, coordinate third-party reports, and prepare IC memos and deal summaries for