Multifamily Analyst

Institutional Property Advisors (“IPA” or the “Company”), a division of Marcus & Millichap, Inc. (NYSE: MMI) is seeking a Multifamily Analyst that will be responsible for supporting senior Originators in the sourcing, originating, underwriting, and closing of multifamily loans, including via Fannie Mae and Freddie Mac (the “Agencies”). The candidate will be an integral part of the growth and development of IPA’s multifamily capital markets business. The primary responsibility of the Analyst is to provide due diligence support to senior originators including market analysis, tax analysis, financial modeling, and assistance in all aspects of the closing process. This position will directly report the Executive Managing Director responsible for the multifamily capital markets business and will be based in Southern California.

 

Marcus & Millichap has recently formed a Strategic Alliance with M&T Realty Capital Corporation (M&T Realty Capital), a subsidiary of M&T Bank. The creation of this powerhouse alliance between M&T Bank (the 11th largest bank in the U.S.) and Marcus & Millichap (the most prolific multifamily investment sales and origination firm in the U.S.) provides an exciting opportunity for those looking for a platform that provides significant growth prospects.

Key Responsibilities:

• Underwrite and perform due diligence for multifamily transactions.
• Analyze multifamily property operating statements and rent rolls to conclude to pro-forma NOI.
• Assist senior team members in sizing and structuring debt and equity transactions by using fundamental valuation methodologies, identifying, and researching risks, understanding industry dynamics, industry valuation metrics and modeling cash flows.
• Conduct initial reviews of market areas, property, and site characteristics.
• Complete initial review of borrower and management qualifications.
• Responsible for accurate capital sizing and overall risk assessment prior to loan application utilizing Fannie Mae and Freddie Mac multifamily underwriting guidelines.
• Interact with Fannie Mae and Freddie Mac representatives regarding loan transaction terms.
• Assist with evaluating and structuring customized financing alternatives for clients.
• Assist with preparation of presentations, offering memorandum and financial reports.

Attributes/Experience:

• Bachelor's degree from four-year college or university. Master’s degree preferred.
• One to three years of multifamily real estate experience in advisory, banking or valuation; or equivalent combination of education and experience.
• Experience with, or ability to learn, basic analysis tools such as DCF, NPV, IRR and ROI.
• Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures, and governmental regulations.
• Ability to understand and analyze real estate appraisal reports.
• Experience with using data bases such as CoStar to gather information.
• Ability to effectively present information and respond to questions from other team members, clients, and outside capital sources.
• Strong Excel modeling skills and aptitude for learning various other programs.
• Well-rounded professional with high personal values, exceptional judgment, and discretion.
• Excellent analytical skills.
• Ability to simultaneously manage several transactions.