Mission Capital Advisors (MCA) is expanding in response to interest rate volatility and the recent banking crisis. These positions support senior members of Mission Capital Advisors in their commercial real estate and single-family residential whole loan sale efforts. The ideal candidates are self-starters with strong analytical skills and intellectual curiosity. The role will focus on data analysis, valuation, and underwriting of commercial real estate loans and single-family loans, while also gaining excellent exposure to the performing/distressed loan trading market. Additionally, the Analyst will increase their network of debt capital markets participants/customers, including commercial and investment banks, specialty finance companies, and funds. The positions are based in New York City.
The anticipated salary range for candidates who will work in Manhattan, NY is $80,000 - $97,000/annual. The final salary offered to a successful candidate will be dependent on several factors that may include but are not limited to the type and length of experience within the industry, education, etc. Marcus & Millichap is a multi-state employer, and this salary range may not reflect positions that work in other states.
KEY RESPONSIBILITIES - CRE LOAN TRADING ROLE:- CRE loan and loan portfolio data review, normalization, stratification, and analysis
- Valuation of CRE properties (discounted cash flow, comparable sale, value PSF approaches)
- Valuation of loans secured by commercial real estate, business assets, and other commercial collateral with associated financial modeling and cash flow projections
- Analysis of market data
- Virtual data room set up / coordinate data transfer with investors, servicers, and lenders
- Preparation of due diligence materials and loan files
- Transaction status reporting
- Interacting with existing/potential clients and investors
- Assisting in closing transactions
- Assisting in responses to client RFPs
KEY RESPONSIBILITIES - RESIDENTIAL MORTGAGE LOAN TRADING ROLE:- Manage whole loan portfolio sale transactions from start to finish
- Loan portfolio data review, normalization, stratification, and analysis in Excel
- Financial modeling, mortgage pricing, and cash flow projections in Excel
- Interact with sellers, buyers, legal counsel, due diligence vendors, and other stakeholders
- Transaction management including the preparation/organization of due diligence materials, coordination of data transfer with servicers and third parties, transaction status reporting, transaction calendar management, review/summarize loan sale agreements, interim servicing agreements, deal stipulations, tie out funding schedule/loan population, schedule data for agreements
- Collection and analysis of market data, investor preferences, track whole loan transactions in the marketplace
- Assist in responses to client RFPs
KEY ATTRIBUTES:- 2-4 years of experience in a mortgage origination, real estate, or structured products analyst program at a financial services, investment sales, or real estate private equity firm (bank, consulting/accounting, REIT, hedge fund)
- Prior career experience in real estate underwriting/investment analysis, lending, or special servicing, and/or in structured products
- Argus (CRE) or database cracking/stratification (residential) experience is preferred
- Strong MS Excel and modeling database skills are required
- Salesforce experience, visual basic, and python scripting skills are a plus
- Modeling/underwriting experience of office, hospitality, and retail properties (CRE) is a plus
- Strong business writing skills
- Ability to learn quickly, attention to detail, ability to work as part of a team, and desire to take on responsibility
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