Commercial Real Estate Lending Associate

Pen Fed is hiring a (Hybrid) Commercial Real Estate Lending Associate at our Tysons, Virginia or New York, New York location. The primary purpose of this job is to provide analytical support across the underwriting and asset management functions of the Commercial Real Estate department. Reporting to the Senior Manager of Credit Underwriting, the individual will support the evaluation, structuring, and ongoing monitoring of commercial real estate loans across multiple property types, with a heavy emphasis on building detailed Excel-based financial models, using Argus Enterprise, preparing sensitivity analyses, drafting credit request memoranda, and producing loan-level, portfolio-level, and market-level analytics to support sound credit decisions aligned with Pen Fed’s policies, procedures, and risk appetite.

Equivalent combination of education and experience is considered.

• Education:
  
  Bachelor’s degree in finance, Real Estate, Economics, or related field preferred.
• Experience:
  
  2 to 6 years of total professional experience, preferably in commercial real estate lending, debt underwriting, debt asset management, real estate private equity, valuation, appraisal, brokerage, investment banking, or related credit and analytical functions. Experience analyzing commercial real estate loans, property-level cash flows, operating statements, rent rolls, valuation assumptions, market data, and debt metrics across multiple property types is preferred.
• Technical
  
  Skills:
  
  Advanced Excel-based financial modeling skills required, including the ability to build, audit, and maintain detailed property cash flow, loan sizing, sensitivity, and portfolio analytics models. Experience with Argus Enterprise is strongly preferred; experience with CoStar, Green Street, or similar market data and reporting tools is a plus. Proficiency with Microsoft Applications (Word, Excel, PowerPoint, Access, Outlook) at a level that allows independent work.
  
  Experience in using A.I. tools preferred.
• Communication:
  Excellent written, verbal, and presentation skills, with the ability to clearly articulate complex financial and real estate concepts.
• Analytical
  
  Skills:
  
  Strong quantitative and analytical skills with the ability to interpret financial statements, rent rolls, operating reports, and other reports with ease.
• Execution-Oriented:
  Proven track record of executing deliverables within tight timelines, meeting deal deadlines, proactively finding solutions to issues that arise during projects, and proactively escalating potential delays to completing projects.
• Detail-Oriented:
  Strong organizational skills and ability to manage multiple priorities.
• Experience using AI tools preferred.

This position will not supervise employees.

There are no additional certifications required.

While performing the duties of this job, the employee is regularly exposed to an indoor office setting with moderate noise.

* Most roles require working in an office setting with moderate noise and the ability to lift 25 pounds.

Ability to travel to perform property site visits / inspections and be on call will be required for this role.

The anticipated starting salary range for this role is $79,400.00 - $. This position is eligible for an organizational performance based annual bonus, subject to board discretion and approval. This position is eligible for an individual performance based annual bonus.

#LI-Hybrid

Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions. This is not intended to be an all-inclusive list of job duties, and the position will perform other duties as assigned.

• Support the underwriting and analysis of commercial real estate loans, including acquisition, refinance, bridge, typically ranging from $15 million to $50 million across multiple property types.
• Conduct comprehensive property-level and market due diligence including review of rent rolls, operating statements, appraisals, rent comparables, sale comparables, market fundamentals, property condition reports, environmental reports, and other 3rd party reports as necessary.
• Evaluating borrower financial capacity, collateral quality, market dynamics, and overall creditworthiness.
• Prepare and maintain detailed Excel-based financial models to evaluate property-level and loan-level cash flows, rent roll assumptions, lease-up timing, capital expenditures, debt…