Real Estate Analyst/Underwriter
Our team focuses on strategically-sensitive transactions with an emphasis on ground up development agnostic to the #1 MSA in NYC to demand our utmost in delivering best in class condos to our potential residents.
GET TO KNOW US:
Increasingly recognized as one of the most active and innovative developers in New York City, New Empire Corp (NEC) successfully renovated, built, and developed more than 100 mixed-use residential multifamily and hotel real estate projects in premier locations throughout New York City since its founding in 1997. NEC offers in-house expertise that spans the full range of real estate disciplines—from the sourcing and analysis of target properties to zoning, capital-raising, architecture and design, construction management, marketing, and property management.
Principal Duties and Responsibilities:
-
Review and analyze quantitative portfolio data, financing and partnership agreements, legal documents and other materials as part of project due diligence process
-
The Analyst will work on real estate acquisitions with the main focus being on GP-led restructurings, the recapitalization of joint ventures, and other structured solutions including preferred equity opportunities.
-
Manage existing and develop new relationships with owners, and operators of commercial and multi-family Real Estate throughout NYC
-
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 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 documents/sales comps and prepare abstract reports
-
Interact with LPs and institutional investors/lenders in the context of transaction execution process and new business development
-
Develop and recommend financing alternatives
-
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
-
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, PowerPoint 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 investor facing environment
-
Previous experience with a developer, 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
-
Fluency in Mandarin and or Cantonese
Education:
-
Bachelor’s Degree in Real Estate, Finance, Accounting, with exceptional academic credentials (Masters in Real Estate or CFA well preferred)
-
Position type: Full time employee
-
Locations: 570 Lexington Ave, 2000A, New York, NY and 4918 3rd Ave, Brooklyn, NY
-
Salary: DOE (Depending on Experience)