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AVP, Real Estate Finance - Underwriter

Company: First Citizens Bank
Location: Santa Monica
Posted on: May 13, 2022

Job Description:

Overview:CIT's Real Estate finance business, with deep industry relationships, underwriting experience and market expertise, originates, underwrites, and manages senior secured real estate loans. Transactions are focused on experienced and well-capitalized sponsors with a geographic focus on properties in the northeast, west coast, and other major markets with strong fundamentals.The team provides bridge/reposition and construction financing for single properties, property portfolios and loan portfolios. Properties include multi-tenant office, multi-family rental, industrial, self-storage, and more. Their professionalism, long-term client relationships, and successful track record help them succeed in all areas of business.Responsibilities:

  • Underwrite commercial real estate loans including bridge, transitional and construction for multi-family, office, retail, industrial, and hotel properties.
  • Collect, organize and interpret relevant market data.
  • Review property and sponsor information - rent rolls, operating statements, balance sheets.
  • Identify key transaction issues, risks and mitigants.
  • Complete credit approval memos and submit for approval.
  • Participate in meetings with Credit.
  • Coordinate due diligence information collection.
  • Work with internal stake holders to develop consensus.
  • Participate and manage the transaction process among key stakeholders.
  • Write and prepare term sheets; assist with legal documentation.
  • Participate in the management of loans post origination, including risk ratings and classification.
  • Monitor compliance with loan terms and performance of existing portfolio of loans.
  • Prepare quarterly and annual reviews where necessary
  • Work independently and collaboratively.
  • Think critically.Qualifications:
    • Bachelor's degree
    • 4+ years of underwriting or credit analysis
    • Facility with Word, Power Point, Excel, Argus, Moody's CMM
    • Banking experience a plus

Keywords: First Citizens Bank, Santa Monica , AVP, Real Estate Finance - Underwriter, Accounting, Auditing , Santa Monica, California

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