Development Finance Analyst

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Development Finance Analyst

Ignite your enterprising spirit and join Great Lakes Capital to develop and bring to market some of the most exciting new real estate developments around the country.

Great Lakes Capital (GLC) is a rapidly expanding commercial real estate development and private equity firm. We concentrate on multiple core asset classes, including mixed-use, industrial, retail, hospitality, medical office, multifamily and other similar conforming product types. We have a tireless Demand for Excellence, Passion for Success, Hunger to Grow, and Unwavering Commitment and Desire to Win.

GLC is seeking a Development Finance Analyst to support financial modeling, underwriting, project financing, market analysis, and transaction execution across the company’s development portfolio.

The analyst will report to and work closely with the Director of Development Finance, providing day‑to‑day support across project underwriting, new opportunity evaluation, and debt and equity financing. The role will also collaborate with the broader development team and key internal stakeholders to support project execution.

• Build, maintain, and audit financial models for development projects across multiple asset classes.
• Prepare project budgets, sources and uses, cash flow projections, financing analyses, and return calculations.
• Support construction, bridge, and permanent financing processes, including lender requests, due diligence, and loan closings.
• Assist with debt and equity offering materials, financing packages, investment memoranda, and presentations.
• Perform market research and review appraisals, feasibility studies, and other third‑party reports.
• Evaluate financing alternatives, capital stack structures, development incentives, and other funding sources.
• Assist the Director of Development Finance with ad‑hoc financial analyses and other project‑specific initiatives.

• Bachelor’s degree in Finance, Real Estate, Accounting, Economics, Business, or a related field.
• One to three years of experience in commercial real estate, banking, lending, appraisal, investment analysis, or financial analysis.
• Strong Excel proficiency, including building and auditing multi‑tab financial models, sensitivity analyses, lookup functions, and organized formula construction.
• Working knowledge of core commercial real estate metrics, including NOI, cap rates, DSCR, debt yield, LTV, LTC, IRR, and equity multiples.
• Basic understanding of real estate development, valuation, project budgets, sources and uses, and capital stack structures.
• Strong analytical, organizational, and problem‑solving skills with close attention to detail.
• Ability to manage multiple assignments and meet deadlines in a fast‑paced environment.
• Demonstrated willingness to learn, receive feedback, and continuously develop technical and professional skills.
• Self‑directed, proactive, and able to work effectively within a team.

• Experience underwriting commercial real estate development projects.
• Exposure to construction financing, including loan sizing, interest reserves, construction draws, and permanent financing.
• Familiarity with hospitality metrics, including ADR, occupancy, RevPAR, GOP, and departmental operating statements.
• Experience with CoStar, STR Benchmarking, or similar real estate data platforms.
• Familiarity with development incentives and alternative financing programs.
• Experience preparing lender packages, investment memoranda, financing presentations, or investor materials.
• Familiarity with equity waterfalls, partnership structures, and promote calculations.

The Development Finance Analyst will work in a collaborative, fast‑paced environment supporting multiple development projects and financing initiatives at various stages of execution. The role requires the ability to manage competing priorities, respond to time‑sensitive requests, and produce accurate, well‑organized work within established deadlines.

The Analyst will work closely with the Director of Development Finance and collaborate with members of…