Commercial Real Estate Analyst

Summer Street Advisors, LLC

Junior Commercial Real Estate Analyst Job Description

Summer Street Advisors is a boutique commercial real estate consulting firm located in Westport, CT. Our clients include Banks, Private Equity Funds, Hedge Funds, Asset Managers, Developers and Family Offices that provide debt and/or invest across the United States in all commercial real estate asset classes. The analyst will work in a variety of different capacities including providing assistance in underwriting, asset management, site inspections and support functions with the objective to provide high quality work product in a timely manner.

Job Summary

Under the supervision of the Director of Underwriting, the Analyst is responsible for working with internal partners to support debt and equity underwriting assignments. The role includes responsibility for supporting all aspects of underwriting assignments and related due diligence, including market research, cash flow spreading, property/loan data input and analysis, third party document review and writing associated narrative components as required by SSA clients. The role involves maintaining accurate due diligence checklists and question logs in support of the client and the underwriting process. The role also involves assisting the appraisal team with ordering appraisal management for our bank and fund clients. 

Our Company Culture

At SSA our greatest asset is our people. Our team is composed of people with diverse skillsets and a global perspective. This blend helps us stand out in the CRE space. We offer a tight-knit, dynamic, and collaborative work environment. We value proactive, positive, out of the box thinkers and believe that good ideas come from anywhere.

Responsibilities:

·   Assist the Underwriting team with the underwriting/valuation and analysis of new loan and equity investment opportunities for our clients

·   Assist in the ordering appraisals process for our bank and fund clients

·   Assist the Appraisal team with setting up deal, collecting bids, engaging appraiser, and check-in meetings

· Consolidate questions in question log and assist in delivering reports

· Participate and organize kickoff calls

·   Perform commercial real estate market research

·   Assist in the completion of investment memos and ASRs for client credit/investment committees.

·   Review third-party reports including appraisal, environmental, property condition, zoning (PZR), seismic, flood, insurance, and credit reports, to confirm risks have been properly identified and addressed and incorporate them into the deliverable.

·   Analyze the asset/s and the ability of the sponsor to execute on their business plan.

·   Macro and micro market write up and analysis.

·   Research and summarize tenant/sponsor credit worthiness.

·   Abstract leases

·   Run reports on macro market, micro market, rent comparables and sales comparables (i.e. REIS, CoStar, etc.).

·   Importing deal information and organizing documents into Summer Street file structure.

·   Support underwriting teams with cash flow spreading and modeling

·   Support deal teams with the design, development, and modification of commercial real estate finance models

·   Attend underwriting assignment kickoff, check-in and due diligence calls as directed

·   Daily management, tracking and distribution of due diligence materials, document checklists and question logs

·   Assist in new business initiatives

·   Write site inspection reports and perform site inspections and (potential for business travel)

Qualifications and Core Competencies:

·   Undergraduate degree or related work experience in commercial real estate, finance or economics

·   Ideally, 1 years of underwriting or credit analysis or a recent graduate with internship experience.

·   Highly proficient in MS Office Suite

·   Ability to meet time-sensitive deadlines 

·   Assist in the accurate completion of all assigned client deliverables

·   Excellent written and presentation skills

·   Attention to detail and accuracy in data gathering, narrative writing and financial modeling

·   Proficient with complex financial modeling and advanced Excel functions a plus

·   Must be detail oriented and possess excellent organizational skills

·   Out of the box thinker that enjoys the challenge of being a member of a fast-paced and dynamic team

·   Excellent analytical and project management skills

·   Argus experience is a plus

 Benefits include: 

·   Base salary, and room for career advancement

·   Networking and career development opportunities

·   Medical Insurance for you and eligible dependents

·   401k plan with company match up to 3% and immediate vesting

·   Dental and Vision insurance

·   12 Paid Holidays

·   12 Days of PTO in 1st Year

·   Ongoing in-house training opportunities and educational opportunities 

·   Team events and team building activities

·   Hybrid work

·   Dog Friendly Workplace

·   Mentorship opportunities

·   Complimentary snacks and drinks

·   Direct access to senior leadership

Location: Westport, CT

Type of Position: Hybrid Role

Please note you must be authorized to work in the United States of America and Summer Street Advisors will not sponsor work authorization for this position. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, age, disability, sexual orientation, national origin or any other category protected by law.