Responsible for analyzing moderate to complex information to prepare various reports and loan submission packages. Knows and uses fundamental concepts, practices and procedures associated with commercial real estate finance, including commercial appraising, market analysis, and investment analysis.
ESSENTIAL DUTIES AND RESPONSIBILITIES
Assists loan producer(s) in day-to-day responsibilities which include financial analysis, packaging, lender due diligence, negotiation process, commitment process and closing process.
Analyzes property financial statements such as operating statements, rent rolls, real estate tax bills, third party consultant reports (when available), and other due diligence to complete financial models, identify risks/mitigants, articulate conclusions, and make lending recommendations to supervisors.
Interprets and communicates the pertinent affordable housing details of each transaction including regulatory agreements (LIHTC, bond, other), Section 8, real estate tax exemptions, and their impact on underwriting the proposed financing.
Experience screening Fannie Mae or Freddie Mac loans for multifamily affordable housing. Experience with bond financing with Fannie Mae and Freddie Mac is preferred.
Inspects subject property, lease files, and units as well as rent comps and sales comps, (travel as needed).
Gathers moderate to complex data on local, regional, and national commercial real estate markets by researching a variety of sources including, but not limited to industry, regulatory and economic information, financial periodicals and newspapers, mortgage and lease documents, demographic date, property information and company records.
Organizes, evaluates, interprets and summarizes moderate to complex data.
Prepares a variety of analyses, statements and reports for management review; arranges for preparation of graphics or illustrations to include with research findings.
Prepares moderate to complex forecasts and analyzes trends in commercial mortgage finance, general business and industry conditions.
Stays abreast of interest rates, loan products, Fannie/Freddie/FHA guidelines, and other updated information needed to provide internal and external clients with competitive results.
Conducts ad hoc studies for management upon request.
Prepares loan submission reports for review by loan producers. Interfaces with clients, lenders, government agencies, etc., to complete tasks.
May interface with clients, lenders, government agencies, etc. to complete tasks. Other duties as assigned.
No formal supervisory responsibilities in this position. Provides informal assistance such as technical guidance, and/or training to coworkers. May coordinate and assign tasks to co-workers within a work unit and/or project
At least 2 years of experience analyzing / underwriting funding for multifamily housing or other commercial real estate highly preferred. Experience with multifamily lending programs of Fannie Mae, Freddie Mac, and/or FHA (HUD) is a plus. Experience with affordable housing, including LIHTCs, Section 8, and/or bond financing is a plus.
Excellent Microsoft Excel skills and solid proficiency with other Microsoft Office Suite programs.
EDUCATION and EXPERIENCE
Bachelor's degree with major in Business, Finance, Accounting preferred. Relevant direct experience in lending for multifamily housing or other real estate finance experience preferred, may substitute if candidate majored in subjects other than business, finance, and accounting. Licenses: not required for this position.
A passionate, can-do attitude. Highly motivated, intellectually curious. Takes actions to learn quickly. Proven aptitude and skills for analyzing data, financial modeling, and clear reporting of results/recommendations. Excellent interpersonal & written communication skills. Reports status of projects succinctly with suggested next steps. Detail-oriented while understanding the big picture of a financial transaction and client relations. Meets deadlines by working independently and with a team. Takes ownership of and accountability for effectively prioritizing and completing multiple projects/tasks on time. Keeps client and company information confidential.
CBRE AFFORDABLE HOUSING's Debt and Structured Finance (DSF) team is the premier provider of multifamily affordable housing financing. Our fully integrated platform provides seamless direct access to the Fannie Mae, Freddie Mac, and FHA lending programs--giving clients a competitive advantage and certainty of execution. CBRE AFFORDABLE HOUSING is the only fully integrated Capital Markets group for multifamily affordable housing that includes investment sales, debt & structured finance, and investment banking all within one self-contained specialty practice. CBRE AFFORDABLE HOUSING is not only the #1 investment sales business in this market niche, but also one of the largest producers of Fannie Mae and Freddie Mac preservation financing.
Internal Number: 19019627
With broader and deeper capabilities than any other company, CBRE is the leading full-service real estate services and investment organization in the world.
CBRE Group, Inc. is the world’s largest commercial real estate services and investment firm, with 2017 revenues of $14.2 billion and more than 80,000 employees (excluding affiliate offices). CBRE has been included in the Fortune 500 since 2008, ranking #214 in 2017. It also has been voted the industry’s top brand by the Lipsey Company for 17 consecutive years, and has been named one of Fortune’s “Most Admired Companies” in the real estate sector for six years in a row. Its shares trade on the New York Stock Exchange under the symbol “CBRE.”
CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services.