Internship – Originations
Los Angeles, San Francisco
Originations
Position: Internship
Division: Originations
Location: San Francisco & Los Angeles
Reporting to: Managing Director
Summary
The Intern will assist in originating, underwriting, and performing due diligence on real estate debt transactions. The candidate should be self-motivated, work effectively in teams, detail oriented, and be able to work on multiple transactions at once in a fast-paced environment. They will have an excellent opportunity to work on a variety of large institutional real estate transactions, including multiple property types across the country. This role will report to the Managing Director and is located in San Francisco or Los Angeles.
Responsibilities
- Provide general analytical support to the originations team.
- Assist with all aspects of the loan origination process, including the modeling and evaluation of new investment opportunities in ARGUS and Excel, sensitivity analysis, identifying the risks and mitigating factors of potential investments, due diligence review, preparation of investment memos, and loan closing.
- Conduct calls with leasing brokers and property owners to evaluate markets and submarkets tied to investment opportunities.
- Provide analytical support on a wide variety of assignments including market research, review of property operating statements, cash flow modeling, property valuation, borrower credit review, and preparation of loan briefs for investment committee approval.
- Assist senior members of the team with the loan diligence process, including initial structuring, underwriting and closing.
- Interface with internal credit, legal and loan origination personnel and externally with borrowers, third-party service providers and investors.
- This is not a comprehensive listing of activities, duties or responsibilities, which may change at any time without notice
Requirements
- Proficiency in Excel and PowerPoint is required. Knowledge of Argus is preferred.
- Strong analytical and quantitative skills.
- Understanding and strong interest in real estate, capital markets, and debt.
- Excellent verbal, writing, and communication skills.
Compensation: $20-$30 per hour depending on experience. As an equal opportunity employer, ACORE Capital offers a competitive benefits package and salary/bonus commensurate with experience.
To apply: Please send your resume and cover letter to [email protected] using the subject line “San Francisco/Los Angeles Internship”.
About ACORE CAPITAL
ACORE Capital, LP is one of the largest credit managers focused on commercial real estate lending. This success is an outcome of its people-first culture, proven track record and longstanding relationships in the commercial real estate finance and investor communities. With over 100 professionals in offices in San Francisco, Los Angeles, Dallas, Miami and New York, ACORE relies on and invests in exceptional talent for their originations, credit, capital markets, capital raising, investor relations, asset management, legal and operations teams. For more information, please visit https://www.acorecapital.com/careers.