VP, Underwriter - Merchants Investment Partners

VP, Underwriter – Merchants Investment Partners

Reporting to the senior leadership of Merchants Investment Partners, this role will serve as the primary internal‑facing entry point for all prospective multifamily and healthcare commercial real estate (CRE) loans targeted for Merchants Investment Partners debt funds and investment vehicles.

Merchants Investment Partners ("MIP") is the 3rd party capital investment manager subsidiary of Merchants Bancorp. Along with its affiliates, Merchants Bank of Indiana and Merchants Capital, MIP invests in CRE loans originated by Merchants Capital. Merchants Capital originates more than $5 billion of loans for the Merchants Bank and MIP balance sheets each year. In addition to purchasing loans, MIP’s responsibilities include managing securitizations and issuing SRT and CMBS transactions.

• Senior member of the MIP team responsible for investments and management of the CRE loan portfolio and pipeline.
• Work with loan originators to review, price, structure and help source loan opportunities that meet the credit and return requirements for MIP.
• Screen all incoming loans for sponsor and credit worthiness to determine if term sheets should be issued and full due diligence should commence.
• Work with Merchants Capital and Merchants Bank underwriting, legal and closing teams to manage loans through the full due diligence lifecycle.
• Maintain reports on the loan pipeline.
• Work with MIP leadership to develop new investment products.

• Review and monitor existing portfolio alongside the internal asset management team.
• Assess loan amendment and modification requests.
• Collaborate with senior leadership to maximize performance attribution and vehicle returns.

• Bachelor’s degree.
• 5+ years of multifamily and/or healthcare commercial real estate (CRE) underwriting experience.
• Experience with Affordable Housing properties and loan structures is a plus.
• Knowledge of the bridge and permanent lending space.
• Knowledge of Agency and HUD lending is a plus.
• Detail oriented with exceptional organizational and problem‑solving skills.
• Strong verbal and written communication skills.
• Demonstrated work ethic and ethical standards.

Annual compensation for New York, NY: $ – $. This estimate reflects total compensation at the time of posting and may vary based on qualifications and experience.

With over 30 years of success built on putting people first, Merchants Capital is a proven leader in financing for multifamily housing nationwide. Our licenses with Fannie Mae, Freddie Mac, and HUD/FHA, combined with our bank’s balance sheet products, allow us to offer custom solutions with agility and ease of execution, expanding access to housing in meaningful and impactful ways. Recognized as a top five affordable lender, Merchants Capital pairs its comprehensive debt offerings with in‑house tax credit equity to provide a one‑stop shop for developers and owners.

To learn more about Merchants Capital, visit