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Real Estate Associate, Multifamily Finance Group (Los Angeles)

Prudential


Location:
Los Angeles, CA
Date:
09/22/2017
2017-09-222017-10-21
Job Code:
425019
Prudential
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Job Details

Position Title: Real Estate Associate, Multifamily Finance Group (Los Angeles)
Job Code: 425019
Job Location: California-Los Angeles
Description:
PGIM Real Estate Finance (“PGIM REF”) is one of the nation’s largest full-service commercial, multi-family and agricultural real estate lenders.  PGIM REF 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).
 
PGIM REF is actively seeking a highly-motivated candidate to join its Originations Production team as an Associate within the multifamily finance group.  This position will be located PGIM REF’s Los Angeles office.  The incumbent will work as part of a production team within the Prudential Multifamily Agency Team and will be responsible for the following: 
  • Preparing preliminary transaction analysis (review of market, borrower, financial statements)
  • Providing support to the production team in reviewing, structuring and pricing new transactions
  • Conducting complex preliminary "deal screening" analysis related to lending opportunities, including:
    • Analyzing alternate loan structures
    • Assessing the terms and conditions of subordinate debt, tax abatements, and rent restrictions
    • Reviewing of working group documents
  • Generating high quality pricing packages and applications
  • Assisting in facilitating the progress of transactions through underwriting and closing, including direct contact with the borrower on outstanding questions
  • Providing solutions to deal structuring issues that may arise in underwriting
  • May supervise day-to-day work of more junior employees

                                                                                                                                            

  • Four or more years of real estate lending and/or multifamily lending or related experience
  • Knowledge of multifamily lending programs (Fannie Mae, Freddie Mac, and/or FHA is required
  • Strong quantitative skills and demonstrated analytical ability
  • Computer proficiency with a strong working knowledge of Microsoft Excel and ability to learn new and proprietary applications
  • Excellent written and verbal communication skills
  • Strong organizational skills, attention to deal, and the ability to manage multiple projects
  • College degree required

Prudential is a multinational financial services leader with operations in the United States, Asia, Europe, and Latin America. Leveraging its heritage of life insurance and asset management expertise, Prudential is focused on helping individual and institutional customers grow and protect their wealth. The company's well-known Rock symbol is an icon of strength, stability, expertise and innovation that has stood the test of time. Prudential's businesses offer a variety of products and services, including life insurance, annuities, retirement-related services, mutual funds, asset management, and real estate services.

We recognize that our strength and success are directly linked to the quality and skills of our diverse associates. We are proud to be a place where talented people who want to make a difference can grow as professionals, leaders, and as individuals. Visit www.prudential.com to learn more about our values, our history and our brand.

Prudential is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, genetics, disability, age, veteran status, or any other characteristic protected by law.

Note that this posting is intended for individual applicants. Search firms or agencies should email Staffing at staffingagencies@prudential.com for more information about doing business with Prudential.
Job Function: Real Estate
Schedule: Full-time
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