Construction Underwriter II | Hard Money

3 months, 1 week ago
Full-time
Mid Level
Operations
Park Place Finance

Park Place Finance

Park Place Finance is a nationwide hard money lender that offers competitive loan options for real estate investments. They provide fix and flip lending with rates starting at 8.99% APR and 2 points, same day approvals, and quick closing times. Special...

Real Estate
51-250
Founded 2006

Description

  • Perform complete risk assessments covering borrower, market, collateral, and construction risk.
  • Prepare comprehensive credit memos summarizing financial, construction, and market findings.
  • Recommend loan structures and risk mitigations, and apply judgment on exceptions (approve, counteroffer, or decline).
  • Underwrite Bridge, Renovation, Ground-Up Construction, and DSCR loans in accordance with company guidelines and investor overlays.
  • Analyze pro formas, construction budgets, scopes of work, project timelines, and stabilization NOI to ensure project feasibility.
  • Coordinate and review third-party reports including appraisals, environmental reports, and cost reviews.
  • Assess collateral using both cost and income approaches and analyze complex entity structures.
  • Evaluate construction teams for licensing, bonding, insurance compliance, plans, permits, and contract type (GMP or fixed-price preferred).
  • Maintain clear, actionable documentation supporting all underwriting decisions and partner with originators, processors, and leadership to accelerate file flow and closings.

Requirements

  • 3+ years of direct underwriting and credit analysis experience in Multi-Unit and Multi-Use residential construction lending.
  • Experience evaluating pro formas, construction budgets, stabilization NOI projections, audited financials, net worth, liquidity, cash-flow, and debt coverage.
  • Familiarity with entity structures (LLCs, Corporations, Trusts) and analysis of complex ownership structures.
  • High attention to detail with strong analytical, critical thinking, and problem-solving abilities and a risk-management mindset.
  • Excellent written and verbal communication skills and ability to work independently in a deadline-driven, high-volume environment.
  • Bachelor’s degree in Finance, Urban Development, Construction Management, Civil Engineering, or Risk Management (preferred).
  • Experience coordinating and interpreting third-party reports (appraisal, environmental, cost review).
  • Experience with Loan Origination Systems (e.g., LendingWise, Encompass, Salesforce, or custom LOS platforms) (preferred).
  • Experience working with brokers and investor guidelines (preferred).

Benefits

  • Competitive compensation package.
  • 100% company-paid health insurance (medical, dental & vision).
  • Retirement plan with 4% company match.
  • Opportunities to expand skillset across multiple loan products and grow professionally.
  • Entrepreneurial, collaborative culture with a focus on health, wealth, and professional development.

Interested in this position?

Apply directly on the company website

Apply Now

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