The Role
Underwrite and manage commercial real estate debt investments across mortgages, mezzanine debt, and preferred equity. Evaluate deal pipelines, size and price transactions, assess borrower plans and market conditions, prepare investment memoranda, coordinate due diligence, support closings, monitor asset performance and covenants, and assist with participation, warehouse, and securitization activities.
Summary Generated by Built In
DoubleLine is seeking a highly energetic and motivated analyst to join the CMBS/CRE team. The candidate will play an integral role in the CMBS/CRE loan investment and asset management processes.
Job Functions
- Underwrite CRE debt investments across senior mortgage, mezzanine and preferred equity
- Evaluate new investment opportunities from the pipeline; screen, size and price deals; assess borrower business plans, capex programs, leasing, and market dynamics
- Prepare investment memoranda and present underwriting, risks, mitigants and relative value
- Lead and coordinate due diligence: third-party reports (appraisal, environmental, engineering), lease and operating statement audits, background/KYC, and market/tenant studies
- Support transaction execution and closing
- Assist with asset management: performance and covenants, perform re-underwriting as needed
- Support capital markets activities for participation, warehouse and securitization
- Bachelor’s degree required
- 5+ years’ experience in CRE credit/underwriting; bridge and/or LifeCo exposure preferred
- Demonstrated ability to lead underwriting and closing workstreams with limited supervision
- Advanced Excel modeling skills; proficiency with ARGUS Enterprise strongly preferred
- Strong grasp of loan structuring and documentation
- Broad familiarity with U.S. CRE property types and geographies
- Organized, detail-oriented, and able to manage transactions in parallel under tight timelines
Base Salary Range
The estimated base salary range for this position is $125,000 - $175,000 In addition to base salary, this position is eligible for an annual discretionary bonus, plus a comprehensive benefits package.
Skills Required
- Bachelor's degree
- 5+ years of experience in commercial real estate credit or underwriting
- Ability to lead underwriting and closing workstreams with limited supervision
- Advanced Excel modeling skills
- Strong understanding of loan structuring and documentation
- Broad familiarity with U.S. commercial real estate property types and geographies
- Organized and detail-oriented, with ability to manage multiple transactions under tight timelines
- Bridge and/or LifeCo experience
- Proficiency with ARGUS Enterprise
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The Company
What We Do
DoubleLine is an independent, employee-owned money management firm committed to helping investors achieve their goals. It offers a wide array of investment strategies and vehicles.
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