Greystone is a private national commercial real estate finance company with an established reputation as a leader in multifamily and healthcare finance, with over $13 billion in loan originations in 2023. The firm consistently ranks in the Top 10 for Fannie Mae & Freddie Mac multifamily loan originations and is the #1 Overall HUD Multifamily and Healthcare Lender in the country. Greystone also ranks nationally as a top affordable housing, seniors housing, and small balance loan lender. A highly philanthropic company, Greystone donates more than half of its profits to charity each year.
We are seeking a Healthcare Underwriter in our Bridge Lending Group. The Bridge Lending Group is responsible for all balance-sheet lending activity at the firm, including Bridge and Mezzanine lending. The portfolio typically consists of $1-3 billion in loans at any given time, principally focused on transitional financing provided with a view towards exit via permanent financing provided by Greystone via its Fannie, Freddie, and FHA lending programs.
Primary Duties and Responsibilities:
- Complete initial analysis of proposed transactions by analyzing risk and assessing factors such as market dynamics, tenant demand, financial performance, leverage, physical condition, and sponsor creditworthiness.
- Collaborate with junior 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 mitigants.
- Manage/oversee transactions from engagement through closing, helping to ensure the most timely process and most positive customer experience.
- Oversee a team of underwriters and analysts.
- Keep client and originator apprised of transaction progress.
- Prepare Loan Committee memoranda.
- Facilitate review and approval of required legal documentation.
- Complete hand-off of closed loans to Servicing and Asset Management.
Experience, Skills, and Abilities Required:
- Bachelor’s degree in Finance, Accounting, Business Administration or Related Field.
- Minimum of 7-10 years of prior transactional experience.
- Prior experience with underwriting of healthcare loans with FHA, Fannie Mae, and Freddie Mac is strongly preferred. Experience with financing for Assisted Living and/or Skilled Nursing is a requirement.
- Experience managing teams.
- Superb written and oral communication skills.
- Ability to work independently or collaboratively on projects.
- Proactively navigate special projects as assigned with minimal oversight.
- Highly organized and capable of prioritizing and executing multiple assignments at the same time.
- Works well under pressure and tight timelines.
- Combines a customer-focused origination mentality with strong credit underwriting skills.
- Proficient in Microsoft Office Products, with an emphasis on Excel, PowerPoint, and Word.
At Greystone, we believe that finding creative solutions for our clients comes from the collaboration of people with diverse backgrounds and perspectives. We strive to build an inclusive work environment that celebrates differences and empowers all individuals with opportunities to channel their entrepreneurial spirit. Greystone is an EEO employer.
Greystone offers a competitive base salary and bonus. The base salary range for this position is $121,000 to $149,000/year. The specific compensation that will be offered is based on an understanding of the hired candidates' qualifications at the time of hire. Employees are eligible for a discretionary bonus based on employee work performance reviewed during the annual review process.
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