Real Estate Associate

Responsibilities

• Support solicitation, underwriting and structuring of commercial and multifamily mortgage loans aligned with Pacific Life's investment objectives
• Research and evaluate sponsorship, location, market and property-specific data to identify loan risks and assess underwriting assumptions
• Conduct rent roll, income and expense analysis
• Create and modify complex cash flow models in Argus and Excel
• Participate in internal memo preparation, due diligence and site inspections
• Present verbal and written recommendations to Pacific Life's Real Estate Investment Committee
• Review and analyze transaction documents and third-party reports during due diligence and closing
• Interface with borrowers, brokers and third-party service providers
• Collaborate with Commercial Mortgage, origination, closing, construction services, asset management, capital markets and loan servicing teams
• Travel to evaluate investment opportunities and market Pacific Life loan programs

• Bachelor's degree in Real Estate, Business, Finance, Math, Economics or related field from a four-year college or university
• 2-5 years related experience evaluating and underwriting investment merits and risk associated with commercial real estate, preferably in a debt underwriting capacity
• Excellent financial modeling skills, including high proficiency in Excel and Argus
• Knowledge of real estate cash flow and valuation analysis for multi-family, industrial, retail, office and hospitality sectors
• Knowledge of commercial mortgage nomenclature and variables driving commercial mortgage loan sizing and structuring
• Strong proficiency in Microsoft Word, Excel, PowerPoint and Argus
• Ability to quickly learn new program applications
• Excellent analytical, research, critical thinking and creative problem-solving abilities
• Strong written and verbal communication and presentation skills
• Ability to interface with top level executives
• Excellent organizational and time management skills
  
  Ability to multi-task while prioritizing workflow and deadlines
• Desire to take initiative and be a team player

Demonstrates expertise in commercial and multifamily mortgage loan underwriting, financial modeling, and risk assessment, with strong analytical and communication skills to effectively present findings and collaborate with stakeholders.

• Commercial Real Estate Underwriting
• Financial Modeling in Excel and Argus
• Cash Flow and Valuation Analysis
• Analytical and Critical Thinking Skills
• Communication and Presentation Skills

• Financial Modeling
• Cash Flow Analysis
• Valuation Analysis
• Underwriting
• Risk Assessment
• Data Analysis
• Market Research
• Transaction Document Review
• Due Diligence
• Site Inspections

• Analytical Skills
• Problem-Solving Skills
• Organizational Skills
• Time Management Skills
• Team Player

• Commercial Mortgage
• Multifamily Loans
• Investment Analysis
• Debt Underwriting
• Real Estate Investment
• Market Evaluation
• Loan Structuring
• Sponsorship Evaluation
• Property-Specific Data
• Commercial Real Estate

• Argus
• Microsoft Excel
• Microsoft Word
• Microsoft Power Point