Underwriter - Multifamily

Underwriter - Multifamily

Location(s):
Boston - Massachusetts - United States, New York City - New York - United States, Newport Beach - California - United States, Phoenix - Arizona - United States

As a CBRE Underwriter, you are responsible for performing all due diligence necessary to make informed recommendation to loan committee regarding the risks and mitigates for securing multifamily loans.

• Evaluate the risk involved with issuing short-term loans for multifamily properties.

• Assess the property's worth, including its current market value and potential After Repair Value (ARV).

• Examine the property's ability to generate sufficient income to cover loan payments and other expenses, often through discounted cash flow (DCF) modeling.

• Understand the local market conditions, including occupancy rate, rental rate, and competition, to assess the property's long-term potential.

• Review the borrower's financial history, experience, and overall financial capacity to repay the loan.

• Ensure all required documentation is in order and the loan complies with the applicable regulations and guidelines.

• Other related tasks include credit and real estate analysis, processing incoming exhibits and preparing final delivery of investor packages.

• Lead by example and model behaviors that are consistent with CBRE RISE values. May convince to reach an agreement.

• Impact the quality of own work and the work of others on the team.

• Work primarily within standardized procedures and practices to achieve objectives and meet deadlines.

• Explain complex information to others in straightforward situations.

To perform this job successfully, an individual will need to perform each crucial duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions.

• Bachelor’s degree and 2+ years' experience in the evaluation of commercial real estate properties including property inspections, reviewing financial statements, and underwriting loan transactions.

• Ability to use existing procedures to solve standard problems.

• Experience with analyzing information and standard practices to make judgments.

• In-depth knowledge of Microsoft Office products. Examples include Word, Excel, Outlook, etc.

• Organizational skills with a strong inquisitive mindset.

• Advanced math skills. Ability to calculate complicated figures such as percentages, fractions, and other financial-related calculations.

• Willingness to travel as needed.

• Applicants must be currently authorized to work in the United States without the need for visa sponsorship now or in the future.

When you join CBRE, you become part of the global leader in commercial real estate services and investment that helps businesses and people thrive. We are dynamic problem solvers and forward-thinking professionals who create significant impact. Our collaborative culture is built on our shared values — respect, integrity, service and excellence — and we value the diverse perspectives, backgrounds and skillsets of our people.

At CBRE, you have the opportunity to realize your full potential.

At CBRE, we are committed to fostering a culture where everyone feels they belong. We value diverse perspectives and experiences, and we welcome all applications.

CBRE has a long-standing commitment to providing equal employment opportunity to all qualified applicants regardless of race, color, religion, national origin, sex, sexual orientation, gender identity, pregnancy, age, citizenship, marital status, disability, veteran status, political belief, or any other basis protected by applicable law.

CBRE values the differences of all current and prospective employees and recognizes how every employee contributes to our company’s success. CBRE provides reasonable accommodations in job application procedures for individuals with disabilities. If you require assistance due to a disability in the application or recruitment process, please submit a request via email at recr or via telephone at  (U.S.) and  (Canada).

CBRE, Inc. is an Equal Opportunity and Afffirmed Action Employer (Women/Minorities/Persons with Disabilities/US Veterans)