Senior CRE Underwriter - Multifamily Focus

Leon Capital Group; Dallas (TX); On-site; USD 120,000 - 170,000; Full time

Job summary

Leon Financial, LLC is seeking a Senior Underwriter, Real Estate Credit to anchor the underwriting function for its CRE platform. This role requires immediate contribution, with a focus on multifamily underwriting but with exposure to industrial, healthcare, retail, self-storage, and land.

The ideal candidate will have seven+ years of CRE underwriting experience, advanced financial modeling proficiency, and a track record of closing transactions.

Qualifications

• Seven or more years of CRE credit underwriting experience with a verifiable history of closed transactions.
• Deep multifamily underwriting experience is required. Industrial, healthcare, retail, self-storage, and land experience is a plus.
• Advanced financial modeling proficiency, including the ability to build and stress underwriting models independently.
• Demonstrated experience authoring investment committee credit memoranda for institutional review.
• Strong credit judgment and comfort underwriting transactions across property types and market cycles.
• Proven ability to operate autonomously with high accountability and minimal oversight.
• Bachelor's degree in finance, real estate, economics, or a related field, or equivalent practical experience. Advanced degree preferred.

Responsibilities

• Underwrite CRE credit transactions sourced by the origination team, including senior secured loans, mezzanine debt, preferred equity, and transitional and structured credit investments.
• Build and stress detailed cash flow models, loan sizing analyses, and sensitivity scenarios for each transaction.
• Apply deep multifamily expertise across agency, bridge, CMBS, and balance sheet executions.
• Conduct due diligence and financial analysis of borrowers, sponsors, principals, and guarantors.
• Order and review third-party reports, including appraisal, engineering, environmental, zoning, and insurance.
• Identify and mitigate risks associated with the market, loan, property, tenancy, and sponsorship.
• Author investment committee credit memoranda that present transaction merits, risks, and structure.
• Present transactions to credit leadership and respond to investment committee diligence requests.
• Coordinate loan closing processes in partnership with originations, legal, and asset management.
• Support post-closing asset management, including covenant compliance, loan modifications, and asset performance reviews.
• Support the firm's multifamily investment platform on legacy underwriting and transaction needs.

Skills

CRE underwriting

Financial modeling

Investment committee memoranda

Due diligence

Credit judgment

Autonomy/accountability

Education

Bachelor's degree in finance/real estate/economics

Advanced degree preferred

Job description

Leon Financial, LLC is seeking a Senior Underwriter, Real Estate Credit to anchor the underwriting function for its CRE platform. This role requires immediate contribution, with a focus on multifamily underwriting but with exposure to industrial, healthcare, retail, self-storage, and land.

The ideal candidate will have seven+ years of CRE underwriting experience, advanced financial modeling proficiency, and a track record of closing transactions.