Commercial and Residential Real Estate Loan Trading Analyst

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Mission Capital Advisors (MCA) is expanding in response to interest rate volatility and the recent banking crisis.  These positions support senior members of Mission Capital Advisors, in their commercial real estate and single family residential whole loan sale efforts.  The ideal candidates are self-starters with strong analytical skills and intellectual curiosity. The role will focus on data analysis, valuation and underwriting of commercial real estate loans and single family loans, while also gaining excellent exposure to the performing/distressed loan trading market. Additionally, the Analyst will increase their network of debt capital markets participants/customers, including commercial and investment banks, specialty finance companies, and funds. The positions are based in New York City.

The anticipated salary range for candidates who will work in Manhattan, NY is $80,000 - $97,000/annual.  The final salary offered to a successful candidate will be dependent on several factors that may include but are not limited to the type and length of experience within the industry, education, etc.  Marcus & Millichap is a multi-state employer, and this salary range may not reflect positions that work in other states. 


KEY RESPONSIBILITIES - CRE LOAN TRADING ROLE:

  • CRE loan and loan portfolio data review, normalization, stratification and analysis
  • Valuation of CRE properties (discounted cash flow, comparable sale, value PSF approaches)
  • Valuation of loans secured by commercial real estate, business assets and other commercial collateral with associated financial modeling and cash flow projections
  • Analysis of market data
  • Virtual data room set up / coordinate data transfer with investors, servicers and lenders
  • Preparation of due diligence materials and loan files 
  • Transaction status reporting
  • Interacting with existing/potential clients and investors 
  • Assisting in closing transactions 
  • Assisting in responses to client RFPs 

    • KEY RESPONSIBILITIES - RESIDENTIAL MORTGAGE LOAN TRADING ROLE

  • Manage whole loan portfolio sale transactions from start to finish
  • Loan portfolio data review, normalization, stratification and analysis in Excel
  • Financial modeling, mortgage pricing and cash flow projections in Excel
  • Interact with sellers, buyers, legal counsel, due diligence vendors and other stakeholders
  • Transaction Management including the preparation / organization of due diligence materials, coordination of data transfer with servicers and third parties, transaction status reporting, transaction calendar management, review / summarize loan sale agreements, interim servicing agreements, deal stipulations, tie out funding schedule / loan population, schedule data for agreements
  • Collection and analysis of market data, investor preferences, track whole loan transactions in marketplace
  • Assist in responses to client RFPs

    • KEY ATTRIBUTES:

  • 2-4 years of experience in a mortgage origination, real estate, or structured products analyst program at a financial services, investment sales, or real estate private equity firm (bank, consulting/accounting, REIT, hedge fund)
  • Prior career experience in real estate underwriting / investment analysis, lending or special servicing, and/or in structured products
  • Argus (CRE) or database cracking / stratification (residential) experience is preferred
  • Strong MS Excel and modeling database skills are required
  • Salesforce experience, visual basic and python scripting skills are a plus  
  • Modeling/underwriting experience of office, hospitality and retail properties (CRE) is a plus
  • Strong business writing skills
  • Ability to learn quickly, attention to detail, ability to work as part of a team, and desire to take on responsibility

    • #LI-LG
    Mission Capital Advisors (MCA) is a leading national loan sale advisory, due diligence and capital markets firm providing an integrated platform of secondary market loan portfolio brokerage, valuation, transaction management and data/document curative services for the commercial and residential loan markets.  Mission Capital Advisors was acquired in 2020 by Marcus & Millichap (NYSE:MMI), a commercial real estate and finance services firm with 2,000 investment sales and capital markets professionals located in more than 80 offices across the U.S. and Canada.  With a market cap of nearly $1.8B and $40B to $50B of closed transactions annually, Marcus & Millichap adds deep capital markets expertise, investment sales, market intelligence, and extensive research to MCA’s resources.  

    Marcus & Millichap provides equal employment opportunities to all employees and applicants for employment without discrimination with regard to race, religious belief (including dress or grooming practices), color, sex, sex stereotype, pregnancy, childbirth or related medical conditions (including breast feeding), age, national origin, ancestry, sexual orientation, gender identification and expression, transgender status, physical or mental disability, medical condition, genetic characteristics, genetic information, family care, marital status, enrollment in any public assistance program, status as military, a veteran or qualified disabled veteran, status as an unpaid intern or volunteer, or any other classification protected by law. We also prohibit discrimination based on the perception that anyone has any of those characteristics, or is associated with a person who has or is perceived as having any of those characteristics. In addition to federal law requirements, Marcus & Millichap complies with applicable state and local laws governing nondiscrimination in employment in every location in which the company has facilities. This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation and training.
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