Responsible for supporting a loan production team by preparing underwriting templates/financial analysis, creating loan request packages, and helping manage due diligence process. Knowledgeable on fundamental concepts, practices and procedures associated with commercial real estate finance specific to office, industrial & retail properties, including commercial appraising, market analysis, and investment analysis.
ESSENTIAL DUTIES AND RESPONSIBILITIES
Performs underwriting duties such as lease abstracts, building financial models through ARGUS, and extracting market data to help support leasing and operating expense assumptions. Builds loan request packages to be delivered to lenders in conjunction with financing marketing campaigns. Serves as liaison with clients and lenders by assisting with delivery of due diligence materials, market research, and lender documents. Develops relationships with CBRE investment sales, leasing, valuation, research and property management teams
Coordinates due diligence process which includes management of third party reports (appraisals, zoning reports, surveys, etc.) in order to successfully close loan transactions with producer. Manages transaction pipeline through proprietary database.
Gathers data on local, regional, and national commercial real estate markets by researching a variety of sources including, but not limited to industry, regulatory and economic information, financial periodicals and newspapers, mortgage and lease documents, demographic date, property information and company records.
Organizes, evaluates, interprets and summarizes data for reports. Prepares a variety of analyses, statements and reports for management review; arranges for preparation of graphics or illustrations to include with research findings.
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
EDUCATION and EXPERIENCE
Bachelor's degree (BA or BS) from a four-year college or university; previous mortgage banking experience preferred. Course work or commensurate experience with fundamentals of real estate finance, basic appraisal principals, market analysis and accounting.
Excellent written and verbal communication skills. Strong organizational and analytical skills. Ability to provide efficient, timely, reliable and courteous service to customers. Ability to effectively present information. Must have strong writing skills to assist in preparing client communications and loan request narratives.
Requires knowledge of financial terms and principles. Ability to calculate intermediate figures such as percentages, discounts, and/or commissions. Must be able to thoroughly abstract commercial leases and interpret/consolidate operating statements to build pro forma cash flow models.
Ability to understand and carry out general instructions in standard situations. Ability to solve problems in standard situations. Requires intermediate analytical and quantitative skills.
OTHER SKILLS and/or ABILITIES
Working knowledge of Microsoft Suite products including: Word, PowerPoint, Excel, etc. Experience building ARGUS DCF and Enterprise models necessary. InDesign Experience preferred but not required for creation of loan requests and proposals.
SCOPE OF RESPONSIBILITY
Decisions made with general understanding of procedures and company policies to achieve set results and deadlines. Errors in judgment may cause short-term or long term impact to co-workers and supervisor.
Compensation: $60,000 - $68,000
Benefits for Full-Time Employees
Corporate welfare benefits, which includes medical, dental, vision, disability, health care and dependent care reimbursement accounts, life and AD&D insurance
Paid time off, parental leave, and holidays are available as established by Company policy
Internal Number: 21010756
With broader and deeper capabilities than any other company, CBRE is the leading full-service real estate services and investment organization in the world.
CBRE Group, Inc. is the world’s largest commercial real estate services and investment firm, with 2017 revenues of $14.2 billion and more than 80,000 employees (excluding affiliate offices). CBRE has been included in the Fortune 500 since 2008, ranking #214 in 2017. It also has been voted the industry’s top brand by the Lipsey Company for 17 consecutive years, and has been named one of Fortune’s “Most Admired Companies” in the real estate sector for six years in a row. Its shares trade on the New York Stock Exchange under the symbol “CBRE.”
CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services.