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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:
- Lead the underwriting of 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.
- Analyze property and sponsor information – rent rolls, operating statements, balance sheets.
- Identify key transaction issues, risks and mitigants.
- Lead the creation of credit approval memos and submit for approval.
- Participate in meetings with Credit.
- Coordinate due diligence information collection.
- 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, mentor junior staff.
- Think critically.
Qualifications:
- Bachelor’s degree. Graduate school a plus.
- 7+ years of underwriting or credit analysis
- Facility with Word, Power Point, Excel, Argus, Moody’s CMM
