Commercial Real Estate Loan Sales and Trading Associate Director

Company Overview

Founded in 1971, Marcus & Millichap (NYSE: MMI) is a premier commercial real estate brokerage firm specializing in investment sales, financing, research, and advisory services. With a national platform spanning 80+ offices across the U.S. and Canada, the firm completed over 8,800 transactions in 2025, with $50.8 billion in sales volume. Our mission is to help our clients create and preserve wealth through exceptional real estate investment expertise and service.

Base salary range for this role is $95,000 – $125,000 per year. Actual pay will be determined by factors such as education, experience, and job‑related skills relevant to the role. Marcus & Millichap is a multi‑state employer and posted salary ranges are provided in good faith for compliance with all relevant pay‑transparency regulations.

• Loan portfolio data review, normalization, stratification, macro data refinement and analysis
• Valuation of CRE properties (discounted cash flow, comparable sale, value PSF approaches, construction loan cost to complete)
• Valuation of loans secured by commercial real estate, business assets and in process construction projects with associated financial modeling and cash flow projections
• Gathering and analysis of market data
• Transaction Management:
  Virtual data room set up / coordinate data & file transfer with investors, servicers and lenders; preparation of due diligence materials and loan files, transaction status reporting, interacting with existing/potential clients and investors, managing closing / settlement
• Assisting in responses to client RFPs
• Interfacing with Marcus & Millichap professionals across the country as it pertains to loan sale activity

• 2-4 years’ experience in a mortgage origination, real estate, or structured products analyst program at a financial service, investment sales, or real estate private equity firm (bank, consulting/accounting, REIT, hedge fund)
• Prior career experience in real estate underwriting / investment analysis, lending or special servicing, and/or in structured products
• Experience utilizing AI work tools including Claude, Gemini, ChatGPT to develop/enhance workflows, research financial models with associated MS Excel and PowerPoint skills (using AI as a tool, not the answer) – required
• Argus experience is highly preferred
• Strong business writing, financial modeling and data analysis skills are required
• Ability to learn quickly with attention to detail
• Ability to work as part of a team with strong drive and a desire to take on responsibility
• Genuine interest in debt capital markets / commercial real estate

• Health, dental, and vision insurance
• Paid time off and paid holidays
• 401(k) retirement plan with employer matching contributions
• Life and disability insurance
• Employee Assistance Program (EAP) and wellness resources

Marcus & Millichap offers a comprehensive benefits package designed to support employees’ health, well‑being, and financial security. Eligible employees may have access to the following benefits, subject to the terms of applicable benefit plans. Benefits eligibility, coverage, and employer contributions may vary based on position, employment status, location, and length of service. This summary is provided for informational purposes only and does not constitute a guarantee of benefits.

Additional details will be provided during the hiring process or upon request.

Marcus & Millichap is an Equal Opportunity Employer. We consider all qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, veteran status, or any other protected characteristic under federal, state, or local law.