Senior Underwriter – Real Estate Private Credit

Tips: Provide a summary of the role, what success in the position looks like, and how this role fits into the organization overall.

We are seeking an experienced **Senior Underwriter** to join our private credit platform, specializing in real estate development loans ranging from $3 million to $30 million. This role will focus on originating, underwriting, structuring, and closing bridge, construction, acquisition, and value-add loans across multifamily, industrial, student housing, self-storage, and other commercial real estate asset classes. 

As a key member of our investment team, you will conduct rigorous credit and risk analysis, optimize deal structures to achieve strong risk-adjusted returns, and support portfolio management in a dynamic market environment. You will collaborate closely with originators, legal, asset management, and senior leadership, including presenting deals to investment committees. 

This is an excellent opportunity for a proven commercial real estate credit professional to make a direct impact in a growing private credit business.

**Key Responsibilities** 

- Lead the underwriting and structuring of real estate development and bridge loans ($3MM–$30MM), including acquisition, refinancing, ground-up construction, and transitional financing across various asset classes (multifamily, industrial, student housing, self-storage, retail, office, hospitality, and alternatives). 

- Perform comprehensive financial analysis, including cash flow modeling (pro forma, NPV, IRR), sponsor due diligence, collateral valuation review, rent roll/lease analysis, market studies, and third-party report evaluation (appraisals, environmental, title, etc.). 

- Assess borrower/sponsor creditworthiness, experience, and financial strength; identify and mitigate key risks in deal structuring, guarantees, and covenants. 

- Prepare detailed credit memos, investment packages, and presentations for internal investment committee approval. 

- Negotiate loan terms, covenants, and documentation to balance risk mitigation with competitive market positioning and return objectives. 

- Support loan closings by coordinating with legal, title, and closing teams; ensure compliance with internal policies, regulatory requirements, and credit standards. 

- Monitor and manage assigned portfolio assets post-closing, including annual reviews, covenant compliance, loan modifications, risk rating updates, and performance reporting. 

- Mentor junior underwriters/analysts and contribute to team development through training, deal roundtables, and knowledge sharing. 

- Stay current on market trends, regulatory changes, and best practices in private real estate credit.

**Qualifications** 

- Bachelor's degree in Finance, Business, Real Estate, Economics, or related field (advanced degree or relevant certifications a plus). 

- 7+ years of progressive experience in commercial real estate underwriting, credit analysis, and portfolio management, with significant focus on bridge, construction, mezzanine, and/or development loans. 

- Proven track record of closing and managing complex CRE transactions.

- Deep expertise in financial modeling, cash flow projections, scenario/sensitivity analysis, and structuring across the capital stack (senior debt, mezzanine, preferred/common equity). 

- Strong understanding of commercial real estate asset classes, particularly self-storage, multifamily, and industrial. 

- Experience presenting to investment committees and negotiating with sponsors, brokers, and stakeholders. 

- Excellent analytical, communication, and presentation skills; ability to collaborate cross-functionally and mentor team members. 

- Proficiency in MS Office (Excel advanced), financial modeling tools, and CRE underwriting software. 

- Self-motivated with a high degree of integrity, attention to detail, and ability to thrive in a fast-paced environment.

**Preferred** 

- Prior experience in private credit, alternative lending, or non-bank real estate debt platforms. 

- Familiarity with agency, CMBS, or bank CRE lending standards as a foundation for private market adaptability. 

**What We Offer** 

- Competitive base salary + performance bonus 

- Comprehensive benefits package (health, dental, vision, 401(k), etc.) 

- Opportunity to work on high-impact deals in a growing private credit platform 

- Professional development and mentorship opportunities 

If you are a strategic thinker with a proven ability to underwrite and close sophisticated real estate development loans while managing risk and driving returns, we encourage you to apply.