nareit logo

The Professionals’ Choice for Real Estate Jobs
  1. Home
  2. Find Jobs
  3. VP, Commercial Real Estate Valuation

VP, Commercial Real Estate Valuation

Salary
Competitive
Employment
Full Time
Work Place
Part Remote
Real Estate Field
Location
Boston
 MA
Postal Code
02116
Country
United States

This job is no longer active.

Description


POSITION SUMMARY:  Launched in 2010, Northeast Bank’s national lending team has grown a $1.3B loan portfolio and continues to expand the platform by providing dynamic commercial real estate lending solutions.  As a national lender with deep industry knowledge, the Bank originates traditional and transitional loans and other facilities for borrowers and non-bank lenders, as well as purchases loans originated by third parties.  Northeast Bank has earned a reputation for providing creative and responsive lending solutions secured by commercial real estate and is powered by an experienced underwriting team with a successful track record. The successful candidate would be part of the Real Estate Group and will play an active role on the origination and underwriting team, providing valuation expertise for new lending opportunities across real estate sectors nationwide.

RESPONSIBILITIES:

  • Commercial Real Estate Valuation – complete internal valuation analyses/reports across a variety of property types and geographies for loans under consideration for purchase and for loans being underwritten for origination.  Involves fast paced, independent analysis including the review and synthesis of appraisal, property financials, and other due diligence items; discussions with local market participants; and a survey of market conditions.  Present conclusions to Loan Approval Committee / Senior Management
  • Prescreen New Opportunities – review CRE securing new lending opportunities to assess market position and liquidity and develop a view on collateral value and loan to value.  Work closely with Relationship Management and Credit Underwriting groups to discuss risks associated with underlying real estate
  • Collaborate & Consult – work closely with the Originators, Credit, Legal, Relationship Management and Asset Management throughout the life cycle of a loan, from due diligence-to closing-to asset management-to disposition.  Act as a subject matter expert on all matters related to real estate
  • Travel – when appropriate, complete site inspections for due diligence or asset management purposes
  • Successfully pass technical and regulatory examinations required by the Company.

KNOWLEDGE, SKILLS AND ABILITIES: 

  • Bachelor’s degree with a strong track record of performance and leadership
  • 5 plus years of experience in commercial real estate lending, real estate valuation and/or underwriting
  • Intermediate to advanced Excel skills with knowledge of real estate financial modeling
  • Outstanding interpersonal, verbal, and written communication skills
  • Attention to detail, ability to multi-task and self-motivate in a fast-paced environment
  • Formal bank credit training or continuing education in credit and/or real estate topics a plus 

PHYSICAL DEMANDS AND CONDITIONS;

  • Must be able to remain in a stationary position for long periods of time.
  • Some travel is required.
  • Must be able to occasionally lift up to 20lbs.
  • Consistently operates a computer and other office machinery such as calculator, copy machine and printers.
  • Climate controlled general office setting with moderate noise level.
  • Must express or exchange ideas and meaning with co-workers, supervisors, customers and vendors.
Northeast Bank is an equal employment opportunity and affirmative action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity and expression, national original, veteran status and any other classification protected by Law. We celebrate diversity and are committed to creating an inclusive environment for all employees.

This job is no longer active.

Finance / Investment Retail Boston Full Time MA Financial Analysis, Risk Management, Underwriting Asset Management & Finance Associate (2-4 years experience) other