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The Professionals’ Choice for Real Estate Jobs

Commercial Real Estate Finance Jobs

Real Estate Finance provides the fuel that keeps the industry running
The real estate finance field is extremely diverse and complex. Employers range from pension funds, insurance companies, and private-equity firms to commercial banks, private banks, and credit unions. Job titles range from investment banker to mortgage bankers and brokers as well as underwriters. Real estate financing is not just for home loans and home equity lines of credit. Major commercial loan business involves refinancing old loans, originating new construction loans, permanent financing on leased projects, and issuance of mezzanine debt and acquisition loans. Typical job functions in the field involve consulting potential borrowers and originating loans, servicing existing loans by making sure payments are being made and taxes and insurance are paid, securitizing pools of loans to be sold in the secondary MBS and CMBS markets, and much more. Loan underwriters evaluate deals to determine loan amounts, creditworthiness of borrowers, and income potential of projects. Lenders often specialize by residential or commercial focus, and further by product type including single family residential, multi-family, retail, office, industrial, and more. Lenders may also specialize by loan amount.

Real Estate Financial Analyst/Associate
The start of an exciting career path...

The Analyst or Associate role in real estate is often a broad term that can refer to the starting position upon graduation from a graduate real estate or MBA program. While Analyst tends to refer more to a post-undergraduate level position, an Analyst or Associate is often embedded within a specific function of real estate, such as Development, Asset Management, Acquisitions, and the like. For example, a post-graduate position may be titled "Asset Management Associate," "Asset Management and Acquisitions Associate," or similar nomenclature. Graduate-level analysts and associates are expected to have a broad-based academic training that can be applied to the specific roles at hand. Some key competencies include financial analysis, investor and board communication, transactional activities, maintaining and analyzing financial models, maintaining ownership of monthly, quarterly, and annual deliverables, market research, underwriting deals, entitlement due-diligence, assisting portfolio management, and so forth. Such roles are often the start to a career path within a company or entry to other career paths in real estate.

Role / Company Location Posted
Analyst, Investor RelationsUSAA Real Estate New York, NY Sep 30, 2022
Lending AnalystCastellan Real Estate Partners NEW YORK, NY Sep 30, 2022
VP, Commercial Real Estate ValuationNortheast Bank Boston, MA Sep 30, 2022
Director of Revenue ManagementRabbu, Inc. Charlotte, NC Sep 27, 2022
Real Estate Investment Management AnalystIDS Real Estate Group Los Angeles, CA Sep 27, 2022
Senior Analyst, Commercial Real Estate Investment ManagementLincoln Financial Group Charlotte, NC Sep 27, 2022
Multifamily Financial AnalystSystima Capital Management LLC Chicago, IL Sep 23, 2022
Director - Capital AnalyticsLivCor, LLC Chicago, IL Sep 22, 2022
Investor Relations DirectorMG Properties San Diego, CA Sep 21, 2022
Senior Finance Analyst/ Finance AssociateHoffman & Associates Washington, DC, DC Sep 21, 2022

The Future of Real Estate Finance

The foundations of finance -- time value of money, income capitalization, discounted cash flow models -- and dexterity with the tools of analysis (financial modeling with spreadsheets) will always be a given in real estate finance. Future strategic advantage in real estate finance will accrue to those that stay abreast of capital market dynamics, including the changing sources of capital, regulatory impacts, and real estate's relative position within overall global financial markets. Investment vehicles are also in transition, whether it is a reconsideration of the traditional real estate private equity models or crowdfunding platforms, requiring that real estate finance adapt its analyses to fit investor preferences and practices.

Finance / Investment

Skills Required

  • Strong analytical skills
  • Strong Financial Modelling Skills
  • Proper Valuation and Underwriting Skills
  • Understanding of Capital Markets
  • Real Estate Market Analytics

Professional Reading and Resources

  • "Real Estate Finance & Investments" by William Brueggeman and Jeffrey Fisher
  • "The Wall Street Journal"
  • "Real Estate Economics"
  • "Affordable Housing Finance"
  • "Journal of Real Estate Finance and Economics"

Industry Qualifications

  • Bachelor’s Degree with concentration in finance, business, real estate (Minimum)
  • Master’s Degree in Finance or MBA preferred
  • CCIM: Certified Commercial Investment Member
  • CLO: Certified Loan Officer designated by MBAA
  • ARGUS certification

Top Companies

  • Wells Fargo
  • USAA Real Estate Company
  • HFF
  • Goldman Sachs
  • Pension Funds (eg. CALPERS)