Real Estate Underwriter
Lawrence, NY
$130k - $160k + Bonus
Our client is seeking an experienced Real Estate Underwriter to join their growing acquisitions and capital markets team. This individual will evaluate commercial real estate investment opportunities, build financial models, analyze deals, and help guide investment decisions across hospitality, retail, industrial, and structured credit transactions.
Responsibilities
• Underwrite commercial real estate acquisitions and recapitalizations across hospitality, retail, and industrial asset classes.
• Build and maintain complex Excel financial models, including cash flow projections, IRR, equity multiple, and waterfall analyses.
• Analyze investment opportunities and think critically to identify risks, opportunities, and creative solutions.
• Structure and evaluate first mortgage, bridge loan, and preferred equity investments.
• Review key financial metrics including LTV, DSCR, debt yield, and exit scenarios.
• Conduct market research, rent analysis, cap rate analysis, and comparable property research.
• Prepare investment committee memos, deal summaries, and investor presentation materials.
• Review appraisals, environmental reports, title, and other due diligence materials.
• Communicate with brokers, lenders, attorneys, and third-party consultants throughout the transaction process.
• Support acquisitions and asset management by monitoring investment performance and underwriting assumptions.
Requirements
• 3-6 years of commercial real estate underwriting experience.
• Experience in real estate private equity, debt funds, investment banking, or commercial real estate finance.
• Strong Excel and financial modeling skills.
• Excellent analytical skills with the ability to evaluate complex real estate transactions.
• Great with numbers and able to interpret financial data to make sound investment recommendations.
• Experience working directly with brokers and other real estate professionals.
• Ability to analyze deals, identify opportunities, and think outside the box.
• Strong understanding of commercial real estate financial metrics including IRR, DSCR, LTV, debt yield, and equity multiple.
• Excellent communication and organizational skills.
