Newmark Group Inc. New York , NY 10007
Posted 2 weeks ago
We are seeking a Production Associate with 3-5 years of commercial real estate experience with a focus on Affordable Housing; Fannie Mae/Freddie Mac multifamily Production or Underwriting experience considered a plus. The Production Associate's primary responsibility will be to provide day-to-day financial, market and underwriting analysis of multifamily loans for properties including Section 8 and tax credit, and to manage a pipeline of in process and prospective loans. This position affords the opportunity to work as part of an origination team on the sourcing, structuring and underwriting of transactions.
ESSENTIAL DUTIES AND RESPONSIBILITIES:
Analyze, interpret and present complex multifamily real estate transactions, with a focus on Affordable Housing, in compliance with respective lender guidelines
Assist with the assembly of the required reporting for the Origination team - portfolio retention and new generation as needed
Conduct detailed economic and demographic research to determine feasibility of transactions
Develop and maintain strong relationships with underwriting, closing and asset management, as well as external agency investors and lending partners
Communicate with clients regarding various loan programs, determine optimal structures, and present applicable terms to generate business.
CORE COMPETENCIES:
Highly developed analytical, research and written oral presentation skills
Ability to problem-solve and exercise independent judgment while displaying a high degree of initiative and accuracy
Demonstrated ability to organize & prioritize projects; complete multiple tasks on schedule
Ability to work productively under minimal supervision
Must be proficient In Microsoft Office suite of applications including Word, Excel and PowerPoint
Strong work ethic and pro-active team player able to work effectively under sometimes stressful conditions
Newmark Group Inc.