Alexander Chapman · 1 month ago
Senior Underwriter - Real Estate
Minneapolis, MN
Full-time
Onsite
Senior Level
7+ years expAlexander Chapman is an established Real Estate firm in Minneapolis seeking a Senior Underwriter to join their team. The role involves performing full underwriting and due diligence for commercial real estate transactions and resolving underwriting issues as they arise.
ConsultingHuman ResourcesRecruiting
Hiring Manager
Klesta Haraqija
Responsibilities
Perform full underwriting and due diligence for commercial real estate transactions and resolve underwriting issues as they arise
Review appraisal reports for accuracy, completeness, and overall reasonableness of value conclusions
Review insurance policies to confirm required coverages are in place
Review Plan and Cost reports, when applicable, to confirm the appropriateness of the capital stack
Review borrower organizational documents to ensure proper loan structure and authority
Review credit memoranda prepared by junior staff to ensure compliance with underwriting standards and closing timelines
Coordinate with internal and external legal counsel to ensure deal documents accurately reflect transaction terms
Manage closings by working with title companies, lenders, attorneys, and other third parties to ensure timely funding
Coordinate with the servicing team to transition loans from underwriting to servicing after closing
Perform other duties as needed
Qualification
Required
7-10+ years of commercial real estate underwriting experience
Strong understanding of valuation methods, including income capitalization, DCF, and sales comparison
Advanced Excel skills, including building and stress-testing detailed cash flow models and debt structures
Ability to identify and evaluate credit risks, lease rollover exposure, market concentration, and sensitivity scenarios
Working knowledge of insurance requirements and coverage considerations by asset location
Experience with zoning, environmental due diligence, title and survey review, and closing documentation
Experience managing or mentoring junior staff
Strong attention to detail and follow-through
Problem-solver who can identify issues and propose solutions
Able to work efficiently in a fast-paced environment and handle multiple priorities
Comfortable working in a small, growing organization and taking on a range of responsibilities
Company
Alexander Chapman
Alexander Chapman offers recruitment services, focusing on human resources and talent management.
11-50 employees
Funding
Current Stage
Early StageLeadership Team
D
Daniel Hoff
Co-Founder
Genti Zullufi
Co-Founder
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