Underwriter
- Full Time, onsite
- Limekiln Real Estate Investment Management, LP
- New York City Metropolitan Area, United States of America
Salary undisclosed
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- Responsible to work on deals in active UW as well as assisting in the securitization process by reviewing top 10 write-ups, agency cash flows and haircut calls
- Responsible for taking notes during pre-screen IC to capture all credit committee commentary and questions
- Participate and take notes on UW status calls for active deals
- Tracks due diligence along with the Deal Team
- Assist in writing sections of the Asset Summary Report (ASR)
- Review UW package, ASR, cash flows, sensitivity analysis
- Assist in market due diligence, appraiser and engineer calls, rent and sales comp analysis
- Perform site inspections
- Participate in internal UW calls
- Prior to closing, ensuring all diligence is appropriately saved down for proper hand-off to Asset Management
- Be the first "line of defense" as diligence is coming in and appropriately raise any perceived red flags to Senior Underwriters
- Confirm Guarantor liquidity, NW and SREO
- Review org structure and organizational documents to confirm control parties/key principals and KYC search requirements.
- Provide legal with blanks/brackets/exhibits/schedules in the loan documents.
- Assist in monitoring the insurance process, providing updates, and moving the process forward.
- Confirm collections and reconcile bank statements, source financials, collection reports, etc.
- Review internal sizing model for appropriate input of source financials and rent rolls
- Create list of financial variance questions and monitor responses
- Present strengths, risks/weaknesses, mitigants and structural recommendations to Senior Underwriters.