Job description
MLK Real Estate Capital is seeking an experienced Real Estate Underwriter/Analyst with a proven track record of successfully placing Debt Financing transactions on behalf of Real Estate sponsors in the top 25 markets within the US.
The ideal candidate will have experience in the preparation of offering memorandums for commercial real estate transactions and be responsible for the financial modeling, with the ability to utilize third party market data / comps to accurately underwrite a transaction.
The candidate will manage the due diligence process and be the driving force to work through the closing processes for each Debt Financing transaction, and be in constant communication with the Originator, the Sponsor and the Lender.
This position will enable the candidate to be involved in every stage of the transaction, including underwriting, market research, preparation of offering memorandums, running the debt financing process for the selection of the lender, term sheet negotiation & managing the information flow between the borrower and the lender to facilitate the closing of the loan.
A bonus in consideration will be placed for any candidate with an existing book of business and/or with the proven ability to originate new financing transactions on behalf of the firm.
MLK Real Estate Capital has an extensive network of institutional investor/lending relationships & has an exceptional reputation in the market for its debt and joint venture placement capabilities. The firm transacts primarily on Real Estate transactions that include; JV Equity placement, debt placement, recapitalizations & asset/portfolio acquisition & dispositions.
Our team focuses on strategically-sensitive transactions with an emphasis on client relationship effort and focus, demanding our utmost in delivering best in class execution services. Our primary goal is to gain our clients “trust/integrity” and to be recognized as a most-trusted advisor and advocate of our client’s interests, thus, earning the opportunity to represent our clients and to be rewarded for the most important, strategic transactions.
Principal Duties and Responsibilities
- Manage existing and develop new relationships with owners, developers and operators of commercial and multi-family Real Estate throughout the US
- Complete initial opportunity evaluation and analysis
- Perform property and market level due diligence.
- Perform and oversee complex financial analyses and modeling with minimal supervision, including real estate cash flow projections, ARGUS valuation models,
- Gather and evaluate economic, demographic and real estate market data to perform market analysis
- Draft Offering Memorandums, analysis and client deliverables that guide the decision making process and provide actionable strategic recommendations
- Conduct detailed analysis of legal, loan and financial documents to understand a property’s capital structure
- Read and review lease documents/sales comps and prepare abstract reports for clients and prospective clients
- Review and analyze client’s quantitative portfolio data, financing and partnership agreements, legal documents and other materials as part of project due diligence process
- Interact with clients and institutional investors/lenders in the context of transaction execution process and new business development
- Develop and recommend financing alternatives to present to client
- Convert relationships into exclusive financing mandates
- Work within a team framework to execute transactions
- Assist in negotiations with capital sources providing both debt and equity, where necessary
Experience, Skills And Abilities Required
To achieve the stated objectives for this position the following experience will be required:
- 2+ years experience in commercial real estate, preferably in an intermediary capacity
- Proven track record of underwriting & closing commercial loans, Bridge Loans & Preferred Equity/Mezzanine Debt transactions
- Comprehensive knowledge of the entire capital stack including equity partnerships / promote structures
- Must possess a deep rolodex of lending relationships including balance sheet lenders, agency lenders & bridge lenders
- Ability to review real estate documents (loan documents, leases, appraisals, etc.) to determine if any issues exist and determine what could be a concern.
- Strong research, analytical and problem solving skills. Ability to analyze qualitative and quantitative information.
- Self-motivated, team-oriented
- Excellent organizational, interpersonal quantitative, writing, and communication skills; able to interface with top level executives.
- Strong proficiency with Excel, PowerPoint, Argus, and Word is required
- Ability to multi-task in a team-oriented environment and work successfully under pressure while effectively managing time and workload with strong time management skills to prioritize deadlines
- A desire to work within a collaborative, and ambitious professional and client facing environment
- Previous experience in a mortgage brokerage, bank, fund, CMBS or investment banking, preferred
- Attention to detail / thoroughness / focus / determination
- Organized and prioritizes work
- Capable to work independently while possessing a team player attitude
Education
Bachelor’s Degree in Real Estate, Finance, Accounting, with exceptional academic credentials.
Position type: Full time employee; includes a robust benefits package.
About MLK Real Estate Capital
MLK Real Estate Capital is a privately held, boutique commercial real estate banking and advisory firm. MLK provides Structured Finance/Strategic Advisory services to commercial real estate client sponsors and operators. MLK Real Estate Capital leverages its extensive capital network to facilitate: Equity Placement & Debt Placement on commercial real estate transactions for Joint Venture Acquisitions, Recapitalizations & Ground Up Development Projects on behalf of Real Estate client sponsors.
