Situs is a pioneer in the CMBS industry, providing outsourced commercial real estate collateral evaluation, due diligence and underwriting services. Through our in-depth understanding of loan origination, credit risk analysis, and the securitization process, we have become the preeminent advisor for the commercial real estate finance industry; providing clients' the ability to strategically leverage a diverse platform of real estate and capital markets professionals.
Our professional team can be deployed as a variable staffing strategy to manage a specific transaction or other project requirements. We have specialized practice teams for most property types, and have transactional experience across North America and Europe.
Our Situs Advisory team is seeking a qualified professional for its Vice President, Advisory Services,role.
About the role:
The Vice President, Advisory Services, is responsible for the delivery of real estate analysis, CMBS and other commercial real estate loan underwriting and debt consulting services. This role manages multiple transactions with multiple clients under tight timelines and may hold "player-coach" or direct supervisory responsibilities.
Perform all aspects of the due diligence and underwriting for loans including analyzing property level data and guarantor financial statements, and reviewing and approving appraisals, property condition assessments and environmental reports
Perform site inspections, determine appropriate market comparables for property valuation and asset summary report, and complete tenant analyses
Identify risks and potential mitigants for property related issues
Research, analyze and summarize market and submarket information including inventory, absorption, new/proposed development, and rent and vacancy trends
Prepare final underwriting and credit approval memoranda and present loans for internal credit approval process
Manage all aspects of the structuring, legal documentation and closing of approved loans with clients, co-lenders (for a combination of syndicated loans and loans with subordinate debt), the internal team and outside counsel
Interface with credit rating agencies and institutional investor groups
Manage and/or coach junior Underwriters in the due diligence and closing process
Build and manage client relationships with clients
The successful candidate will possess the following:
Minimum 5 - 7 years' experience Real Estate valuation, underwriting CMBS or CRE balance sheet loans
Previous management experience preferred
Expertise in commercial real estate, due diligence process, commercial lending policies, and credit and risk management policies
Full understanding of property sectors (office, retail, industrial, hotel, multifamily) and their different investment characteristics and an ability to see the "big picture" in commercial real estate and capital markets finance transactions
Proficient in Argus
Excellent Excel and cash flow modeling skills
Strong business writing skills
Preferred fields of study include Accounting, Finance, Real Estate, Business
Additional skills required:
Since 1985, Situs has been the premier, global provider of end-to-end commercial real estate and loan advisory services and integrated solutions, offering customized services to leading financial institutions, investors, owners, and developers. We offer a wide array of services, including enterprise and process improvement, capital markets and commercial real estate advisory, primary and special servicing, and creative staffing solutions.
Situs has been selected as Advisor of the Year at the Real Estate Finance and Investment Financing Awards 2015.
We are an equal opportunity employer (m/f/d/v).
This Employer Participates in E-Verify
Job Location: Atlanta, Georgia, United States
Date published: 1-Jul-2019
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The Situs Companies