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Real Estate Debt Valuation Analyst

Company: Altus Group Limited
Location: Irvine
Posted on: June 7, 2021

Job Description:

Job Category:

Commercial Property Valuation

Opportunity Awaits at Altus Group!

Altus Group is currently looking for a new Real Estate Debt Valuation Analyst to join our Irvine and/or Los Angeles office. In this position, you will gain knowledge and experience in the business of debt valuation and appraisal, appraisal review and appraisal management for all property types. This is an exciting opportunity for you to learn the basics of debt and property-level underwriting, discounted cash flow modeling, and different structures within the capital stack. You will also learn how to set up and manage the client workflow process; loan document review, asset management/client call setup, and additional data requests from clients. Finally, you will learn how to analyze underlying collateral financial statements; research sale comparables, apply adjustments to the subject loans and properties, and build cash flows.

Our analysis includes valuation of debt both as a liability (mortgage payables) and as an asset (mortgage receivable), working with institutional commercial property investors and debt funds.

Key Responsibilities:

  • Debt Valuation / Appraisal Management: Learn and handle the administrative tasks that drive the Altus/client process and ultimately the relationships; asset management call scheduling, lender package reviews, asset summary reviews. Learn to complete a market analysis for a subject property, which includes gathering and analyzing data about the subject's market and submarket. Analysts learn to apply judgement and gain knowledge on data gathering and learn to determine reasonable valuation assumptions for each deal. This analysis is one of the key components in the subject's valuation analysis.

  • Valuation: Learn to prepare discounted cash flow models primarily using excel and become familiar with ARGUS Enterprise for underlying collateral valuations. Analysts use factual data provided by Clients (rent rolls, operating statements, tenant sales, and various other financial information) on the subject property to learn the risk associated with underlying collateral commercial real estate which impacts overall debt valuation. Learn to read and understand various loan documents including investment committee memos, loan agreements, promissory notes, etc. as well as review external third-party collateral appraisal reports. Incorporate subject property specific adjustments based on underlying collateral performance and business plan execution.

  • Capital Markets Analysis: Learn to utilize different research resources, including Bloomberg, to understand the latest changes in the capital markets and how they impact the latest loan originations. Discuss with debt team to gain comprehension of Federal Reserve commentary and decisions, treasury rate movements, and loan spread expansion/compression drivers.

  • Training and Professional Development: Complete the On-Boarding Training as outlined by the Professional Development Flight Plan (Core Competency Training, Trainee Courses (Business Practices and Ethics & USPAP & Basic Appraisal Principles and Procedures), become ARGUS Certified; build awareness of Due Diligence for client's acquisitions.

Position Requirements:

  • University or college degree in Real Estate, Finance, or related field preferred but not required, with a minimum 3.5 GPA

  • Internship experience within the CRE industry is an asset

  • ARGUS experience is an asset

  • Proficient with Microsoft Excel (v-lookups, Index/Match, pivot tables)

  • Exposure to business writing

  • Strong attention to detail

  • Ability to proactively communicate (i.e. when behind on deliverables or seeking assistance)

  • Experience working independently and also within a team environment setting in a professional or academic setting

Come realize your potential at Altus Group!

We are an Equal Opportunity Employer and do not discriminate against any employee or applicant for employment because of race, color, sex, age, national origin, religion, sexual orientation, gender identity, status as a veteran, and basis of disability or any other federal, state or local protected class.

Applicants with disabilities may contact Altus Group to request and arrange for accommodations. If you need assistance to accommodate a disability, you may request an accommodation at any time. Please contact us at accessibilityusa@altusgroup.com or . (416) 641-9500

Keywords: Altus Group Limited, Irvine , Real Estate Debt Valuation Analyst, Other , Irvine, California

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