Description
Internship (Fall 2020 & Spring 2021) - Commercial Real Estate Finance
NorthMarq - Omaha, NE
Application Deadline: August 31, 2020
***If you have any questions about this position, please contact Maria Sather in Human Resources with NorthMarq. A application is required to be considered***
NorthMarq is seeking an Intern to support the Production office in Omaha, NE.
The intern will work 15-30 hours a week for Fall 2020 into Spring 2021, with potential to be hired on as a Full-time Analyst.
We provide capital solutions for owners of commercial real estate. With regional offices coast-to-coast, we are the nation’s largest privately held servicer and provider of commercial real estate debt and equity. We continually establish new standards of excellence in serving a nationwide client base while focusing on the importance of relationships and service.
Position:
The Intern work with a group of senior analysts building expertise in commercial real estate and commercial mortgages. The analyst team support four mortgage bankers in developing investment packages for distribution to institutional investors. This entails running pro forma analysis on commercial real estate (apartments, office buildings, retail, and industrial), valuation, analysis of borrowers, analysis of real estate markets / economic data, and an investment narrative explaining strengths and weaknesses of debt and equity transactions. The Intern will have the opportunity to learn all aspects of commercial real estate, finance, economics, and supporting client relationships.
The Intern work with a group of senior analysts building expertise in commercial real estate and commercial mortgages. The analyst team support four mortgage bankers in developing investment packages for distribution to institutional investors. This entails running pro forma analysis on commercial real estate (apartments, office buildings, retail, and industrial), valuation, analysis of borrowers, analysis of real estate markets / economic data, and an investment narrative explaining strengths and weaknesses of debt and equity transactions. The Intern will have the opportunity to learn all aspects of commercial real estate, finance, economics, and supporting client relationships.
Responsibilities:
- Organization – Responsible for providing support to Omaha office through underwriting, loan request/investment report packaging, due diligence, closing, servicing and various support functions.
- Planning – Plans and schedules own workload to best utilize time and most efficiently provide commercial real estate research, analysis, packaging and loan closing services.
- Underwriting – Prepares underwriting of commercial real estate properties based on historical financial statements, projections, and market standards to determine a projected income, value and loan amount.
- Packaging - Prepares investment reports in compliance with company guidelines and investor requirements. These reports include analysis of the borrower, property, underwriting, valuation, location, market, leases/rent roll, photographs, aerials, maps, etc.
- Market Research – Gathers site, neighborhood, and city data including demographics, sales and rent comparables, absorption surveys and occupancy studies.
- Closing – Provides loan closing coordination including collecting due diligence items, ordering third party reports, coordinating with all parties including borrowers, lenders and legal counsels, and acting as liaison with the servicing department.
- Servicing – Performs regional office servicing functions including annual inspections, investor portfolio analysis, lease reviews/briefs, and normal routine regional office servicing duties through local market knowledge.
- Customer Service – Responsible for providing investors and borrowers with prompt quality service in a friendly and professional manner.
Qualifications:
- Currently enrolled in a 4-year degree program as a Senior (graduating December 2020 or May 2021) or a currently enrolled MBA student. Preferred area of study in real estate, finance, accounting or business area.
- Previous Internship in business required
- Demonstrated analytical skills with ability to calculate NOI, DSC, ROC, IRR, etc.
- Strong computer knowledge and skills, including in-depth expert knowledge of Microsoft Office (Excel, Word, PowerPoint etc.)
- Demonstrated strong written communication skills
- Strong organizational skills with the ability to multi-task while under pressure
- Customer service oriented
Demonstrated Interpersonal and Professional skills:
- Ability to motivate others and provide positive direction when necessary
- Demonstrated ability to work independently with minimal supervision
- Demonstrated work ethic and willingness to work extended hours when necessary
- Demonstrated ability to handle multiple projects and assignments; able to prioritize and meet deadlines
- Problem-solving skills to reflect level of responsibilities
- Ability to maintain sensitive and confidential information
- Ability to maintain positive attitude in all situations
Other: You will be required to provide a writing sample, this should be your best school writing sample from any class (doesn't need to be business related), or a sample from a previous internship.
Job Sectors
Experience
Less than 1 year
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