Healthcare Real Estate Underwriting Associate

Greystone and Co., Inc. and its affiliates is a financial services and private investment group and one of the nation’s leading providers of commercial mortgages for multifamily and healthcare properties. We offer a comprehensive line of real estate finance products for our clients. Greystone seeks leaders and team players, candidates who can work in a collaborative environment and possess drive, integrity, creativity, compassion and a strong work ethic.

We are hiring a Healthcare Underwriting Associate with highly advanced Excel skills, who can provide analytical and project-related support by quickly analyzing transactions and preparing proposals to provide multi-million-dollar loans to owners of healthcare facilities throughout the United States. The Associate will be based in our New York, NY office.

Principal Duties and Responsibilities

• Complete initial analysis of proposed transactions by analyzing risk and assessing factors such as healthcare market dynamics, financial performance, leverage, physical condition, and sponsor creditworthiness
• Collaborate with underwriters to issue quotes and applications to prospective clients
• Identify potential risks and challenges associated with a transaction and provide ideas for solutions and risk mitigation
• Manage/oversee transaction from engagement through closing, helping to ensure the most timely process and most positive customer experience
• Input property-specific financial information into database systems and Excel workbooks
• Compare the subject property’s performance with that of comparable properties
• Review and analyze appraisals, market studies, environmental reports, and inspection reports
• Analyze financial statements and credit
• Draft sections of the underwriter narrative
• Perform other financial and/or administrative tasks, as needed, to assist the company

Skills, Abilities, and Experience Required

• 5 years prior experience of either healthcare bridge loan or HUD 232 lending 
• Highly advanced Excel skills and proficiency with Microsoft Word, Outlook, Adobe Reader, PowerPoint, and internet search engines
• Excellent written and verbal communication skills, including the ability to summarize conclusions and make recommendations
• Ability to conduct research and verify facts quickly
• Detail-oriented
• Ability to multi-task