Real Estate Investment Associate - Atlanta, New York or Los Angeles Job Listing at Prudential in Los Angeles, CA
Prudential Mortgage Capital Company ("PMCC") is one of the nation's largest full-service commercial, multi-family and agricultural real estate lenders. Prudential Mortgage Capital Company originates a wide variety of mortgage investments across its platform for Prudential's General Account, investment management clients, and other third party capital sources (such as Fannie Mae, Freddie Mac, FHA, or other institutional investors).
Prudential Mortgage Capital Company is seeking a highly-motivated graduate from a top MBA program for placement as Investment Associate within Loan Originations. The ideal candidate will be self-motivated and comfortable working in teams. Prior experience in real estate and finance is desirable.
The Investment Associate will be hired onto a small, fully-integrated mortgage origination team. Investment Associates are responsible for sourcing and originating investments for the wide variety of Prudential's capital sources.
Exciting Career Opportunities:
Over time, an Investment Associate will have the opportunity to manage all aspects of the loan origination process, including presentations to senior management, debt structuring, pricing strategy, transaction negotiation and closing, and due diligence review. The job will require developing relationships with prospective borrowers or intermediaries while maintaining and building enduring relationships with existing clients.
In addition, an Investment Associate may supervise the team's analytical staff on a wide variety of assignments, including cash flow modeling, risk analysis, property valuation, and the use of proprietary internal "quality rating" models and loan sizing templates. The exact team and the location of the position will be established once an employment offer has been made.
Introductory Rotational Assignments:
A unique and valuable attribute of the position is the nine month Associate Training Program, which provides a powerful opportunity to obtain practical, hands-on training in a variety of areas in real estate and finance. Possible rotations include:
Originations: Provides exposure to loan originations including assisting incalling efforts, review of deals, and negotiations with borrowers
Special Servicing & Workouts: Provides an opportunity to assist in the asset management of Prudential Mortgage Capital's real estate owned portfolio, inspect and value underperforming assets, and negotiate with borrowers for properties in default
Underwriting: Provides exposure to key underwriting skills such as lease reviews, borrower structures, cash flow analysis, third party reports, loan sizings, and investment committee presentations
CMBS - Secondary Markets: Provides an introduction to assessing opportunities to buy and sell bonds, whole loans, and loan participations backed by commercial real estate
Benefits of the Position:
Development of strong credit, underwriting, and valuation skills
Exposure to all commercial property types (multifamily, industrial, retail, office, hotel) and exposure to various domesticand international real estate markets
Experience with multiple real estate debt capital sources, lending programs, and innovative loan structures
Direct interaction with senior management, clients, and intermediaries
Potential to take on increased responsibility and individual accountability within the deal team as well as within thebroader organization
Competitive compensation and benefits program
Requirements & Skills:
Candidate pursuing Graduatedegree (MBA), ideally from a top graduate business program, recent graduate or graduating in December 2012
Concentration/major/focus in finance and/or real estate a plus.
Strong quantitative skills and demonstrated analytical ability.
Excellentorganizational skills and attention to detail with ability to manage multiple projects simultaneously.
Outstanding communication, previous managment experience preferred.
Ability to work both independently and as an integral member of a team.
Proficiency in MS Office applications, (Excel, Word and PowerPoint), strongly preferred
Apply on Company Website
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