nareit logo

The Professionals’ Choice for Real Estate Jobs
  1. Home
  2. Find Jobs
  3. Commercial Mortgage Underwriter, Ontario Region

Commercial Mortgage Underwriter, Ontario Region

Salary
Competitive
Employment
Full Time
Work Place
Office
Real Estate Field
Location
Toronto
 ON
Postal Code
M5C 2T6
Country
Canada

This job is no longer active.

Description


COMPANY PROFILE
We are a market leading provider of debt and equity financing to the commercial real estate and development communities in major urban centres. The company is relationship focused and has built an industry reputation for reliability, flexibility, creativity and fast turnaround, which is particularly valued by a loyal following of real estate and development clients.
 
We have strived to cultivate a dynamic work environment that encourages an entrepreneurial spirit within a flat organizational structure that provides individuals with a breadth of scope and responsibility unique amongst our peers. We are also strong believers in the development and advancement of people from within the organization and are proud of our track-record rewarding success.
 
The company is on an exciting growth trajectory, with total assets under management currently representing $2.3 billion. The primary focus is presently on managing four established platforms as outlined below:
  1. Atrium Mortgage Investment Corporation (“Atrium MIC”), one of the largest mortgage investment corporations in Canada, with assets of more than $830 million. The company is publicly traded on the TSX and has raised over $435 million of shareholder’s equity and convertible debentures since late 2012. Atrium MIC has funded more than $3.0 billion in term, construction and mezzanine financing across a wide-variety of asset types including low-rise, mid-rise and high-rise residential, retail, office, and industrial real estate.  We focus our marketing efforts on experienced mid-sized developers with a successful track record operating in the major urban centers where we have established offices.
  2. A private mortgage investment corporation established in 2020 with a target dividend yield and risk tolerance exceeding that of Atrium MIC. The company has raised over $60 million in shareholder’s equity to date and is fully funded.  
  3. A $750 million institutional quality mortgage portfolio sponsored by a group of pension funds, financial institutions, and private investors.  The mandate is to originate, manage and service a portfolio of low-risk mortgages generating superior risk-adjusted returns. The portfolio is focused on income producing properties and lower risk development loans.
  4. Private real estate investment funds totaling in excess of $500 million in committed capital with a focus on equity investments in residential and commercial developments in major urban markets. These equity funds have been involved in more than 50 joint ventures to date with top tier developers, primarily in the GTA and Greater Vancouver area.

__________________________________________________________________________________________________________________

POSITION DESCRIPTION 
The position being proposed is Commercial Mortgage Underwriter for the Ontario Region. The selected individual will work closely with the Chief Operating Officer of Atrium MIC and form part of a dedicated origination team possessing a remarkable depth of market knowledge and experience that allows us to quickly understand and underwrite complex lending opportunities and provide our developer clients with a high level of service. We are seeking a hardworking, proactive, and creative individual who is interested in climbing a steep learning curve and advancing towards a senior origination role at the Company.

__________________________________________________________________________________________________________________

KEY RESPONSIBILITIES 
The successful candidate will play an important role across all stages of the origination, evaluation, negotiation, documentation and closing of mortgage investment opportunities. This includes the preparation of financial analysis, underwriting models and investment presentations for consideration by the Board of Directors and investment committees of the various platforms; Conducting due diligence on mortgages and investments funded by Atrium MIC and other lender-clients; Liaising and networking with clients, consultants, and partners while maintaining our reputation for professionalism and excellent customer service; Tracking the progression of projects through their lifecycle and providing updated risk assessments; Ongoing market research of the Toronto & Ontario real estate markets.

__________________________________________________________________________________________________________________

QUALIFICATIONS 
  • Real estate underwriting experience with an emphasis on land, construction and term financing;
  • Detailed knowledge of the Greater Toronto Area & its various municipalities;
  • Excellent verbal and written communication skills;
  • Strong analytical and financial skills;
  • Passion for real estate/finance and desire to learn;
  • Ability to multi-task and handle competing priorities;
  • Strong problem solving & decision-making abilities;
  • Highly motivated, demonstrates initiative and attention to detail;
  • Team oriented, courteous and professional.
 
 

Experience


2+ to 5 years


This job is no longer active.

Finance / Investment Retail Toronto Full Time ON Mortgage, Underwriting, Syndication Commercial Mortgage Underwriter, Ontario Region other