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Veritas Partners · 20 hours ago

Senior Associate, CRE Underwriting (Structured Multifamily)

New York, NY

Full-time

Onsite

Senior Level

$160K/yr - $200K/yr

5+ years exp

Veritas Partners is a company specializing in commercial real estate, and they are seeking a Senior Associate for their CRE Underwriting team focusing on structured and bridge multifamily transactions. The role involves developing financing proposals, collaborating on the transactional process, and analyzing performance and market conditions.

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Responsibilities

Develop and structure financing proposals for presentation internally to the Fund’s Credit committee, and externally to potential debt and equity partners

Work alongside portfolio managers and other team members collaborating CRE debt transactional process

Collect and analyze transaction due diligence and assist in the underwriting of pipeline transactions, identifying and communicating deal strengths and risks/mitigants

Produce short and long-form Investment Memoranda and financial models for active presentations at Investment Committee meetings

Support the Fund’s existing investment asset management functions by analyzing performance, credit and market conditions across the seasoned loan portfolio

Collaborate with origination, underwriting, and senior management (CEO, CFO, COO) internally

Interact and communicate with borrowers to address sensitive and non-routine matters in addition to risk related items

Assist in business development and fund marketing, with significant external exposure to existing investors, prospective equity partners and clients

Review, mentor, and guide the supporting analysts

Qualification

Commercial real estate debtMultifamily underwritingFinancial modelingRisk analysisAnalytical skillsAttention to detailOrganizational skillsEffective communication

Required

Bachelor's degree required

Ideally seeking 5+ years of working knowledge of commercial real estate debt transactions/multifamily underwriting

Extensive prior underwriting experience pertaining to large/big-ticket/complex transitional multifamily transactions will be key (bridge, structured, mezzanine, preferred equity, etc)

Excellent work ethic, attention to detail, and organizational skills; ability to handle multiple transactions and multi-task in a fast-paced environment

Strong analytical and quantitative skills. Expertise in financial modeling and risk analysis

Effective communication skills needed to succinctly present deal dynamics

Ability to successfully handle interactions with a variety of people in differing roles (deal sponsors, origination staff, top-level executives, existing and potential investors, etc.)