Senior Underwriter - Bridge

Senior Underwriter - Bridge

About the role:

As a Senior Underwriter at CBRE, you will work with the underwriting team to perform all due diligence vital to make informed recommendations to CBRE's loan committee regarding the risks and mitigates for securing multifamily bridge loans and permanent agency multifamily loans.

What you’ll do:

• Lead the sizing/underwriting/presentation of CBRE’s multifamily bridge loan program through interaction with Producers, Borrowers, Legal, Investors and CBRE’s internal loan committee.
• Prepare underwriting submissions ensuring internal credit quality and investor compliance.
• Prepare borrower credit analysis including determination of net worth, liquidity, overall financial strength, experience owning multifamily assets and acceptability of proposed borrower structure.
• 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.
• Act as primary liaison between loan producer, investor, legal counsel, and closing officer throughout the underwriting process.
• Perform property and market level due diligence, review third party reports and legal documents to ensure compliance with internal credit tolerances as well as investor requirements.
• Present loan transaction details to CBRE's loan committee for approval.
• Active participant in developing analysts and other underwriters on our team.
• Ensure all required documentation is in order and the loan complies with the applicable regulations and guidelines.
• Other related tasks include processing incoming exhibits and preparing final delivery of investor packages.
• Lead by example and model behaviors that are consistent with CBRE RISE values.
• Explain complex information to others in straightforward situations.

What you’ll need:

• Bachelor's Degree strongly preferred with 2-5 years of relevant experience.
• Understanding of existing procedures and standards to solve slightly complex problems.
• Ability to analyze possible solutions using technical experience to apply appropriate judgment and precedents.
• In-depth knowledge of Microsoft Office products. Examples include Word, Excel, Outlook, etc.
• Strong organizational skills with an inquisitive mindset.
• Advanced math skills. Ability to calculate complicated figures such as percentages, fractions, and other financial-related calculations.

Why CBRE?

When you join CBRE, you become part of the global leader in commercial real estate services and investment that helps businesses and people thrive.

Equal Employment Opportunity: 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.