The Senior Underwriter will be responsible for identifying and evaluating multifamily opportunities in acquisitions, dispositions, and financing through the analysis of RR, P&L, DCF, market data, submarket data and more. This individual will also identify areas of opportunity and risk to drive lending and investment decisions. The primary asset classes on which this team member would focus include Multifamily, Build-to-Rent Residential, Outdoor Resorts, Manufactured Housing and Self-Storage.
What you have already achieved: (Requirements)
- Bachelor’s degree in finance, economics, business, or a related field.
- 3+ years experience in underwriting real estate investments, preferably in multifamily, BTR, outdoor resorts or manufactured housing.
- Proficiency in Excel and financial modeling, including DCF analysis, rent rolls, P&L statements and cap rate evaluations.
- Ability to assess market trends, submarket data, and property performance to identify investment opportunities and risks.
- Experience with acquisitions, dispositions, and financing including debt and equity structuring.
- Ability to present underwriting findings and work cross functionally with acquisitions, asset management, and finance teams.
What you are great at: (Responsibilities)
- Analysis of Acquisition, Development, & Lending Deals. This includes but not limited to: rent roll analysis, P&L analysis, DCF model review and creation, market/submarket overviews, rental market surveys, high level deal evaluation, granular month by month lease up strategy analysis, evaluating construction budgets, understanding construction draws, reviewing appraisals and secondary valuations, analyzing credit risk, evaluating borrower/sponsor experience, performing SWOT analysis (i.e. identifying risk and opportunities on deals), etc.
- Use company spreadsheets and tools to underwrite acquisitions, development, and lending deals. This includes but is not limited to: Calculating IRR’s, cash-on-cash, equity multiple, debt service coverage, and other important deal level return metrics, underwriting loan requests and documents (including borrower financials, credit report, tax returns, bank statements, REO schedules, personal financial statements, investment track records, appraisals, and property inspections).
- Updating underwriting sheets with all findings and details from the documents received on deals within your pipeline, pulling data from source documents, and utilizing DLP’s analysis tools.
- Contributing to the creation of lending and acquisition / memos / overviews / ICOMs / debt books as well as providing feedback and participating in investment/credit committee meetings and discussions.
- Exhibiting a deep understanding of firm's loan underwriting guidelines, pricing grids and leverage partners’ credit boxes to identify loans that are ineligible.
- Exhibiting a deep understanding of firm's loan underwriting guidelines, pricing grids and leverage partners’ credit boxes to identify loans that are ineligible.
- Leveraging strong attention to detail in order to place equity and fund loans completely and accurately.
- Utilizing superb organizational skills to manage file details and keep “file” organization complete and audit ready.
- Develop a deep understanding of Microsoft Excel, formula creation, and financial modeling.
- Support Capital Raising and Investor Relations Team
- Support Asset Management Team
- Support Capital Markets Team
What you’re motivated by:
- Making an impact. Whether it's the residents who call our Thriving Communities home, the investors who trust us to be stewards of their capital, or the sponsors we work with to 10x their business, everything we do is about making an impact.
- Challenges. You see roadblocks as opportunities and are proactive in finding solutions.
- Growth. We’ve been named to the Inc. 5000 as one of the Fastest-Growing Private Companies in America for eleven consecutive years.
Who We Are
What We Do In One Sentence:
We finance the building of Thriving Communities.
Our Mission:
We are changing the nation through the building of Thriving Communities. We are the leader in funding the building of Thriving Communities centered in safe, attainable housing.
Our Purpose:
To passionately make an extraordinary impact by transforming lives and building Thriving Communities.
Our Big, Hairy, Audacious Goal (BHAG):
To positively impact and transform 10 million lives by funding the building of 5,000 Thriving Communities, becoming one of America’s 100 largest private companies.
Our Culture:
- We work hard, marching towards ambitious goals driven by a purpose that’s bigger than ourselves.
- We are impact-driven, seeking to make a difference not just on the affordable housing crisis but also in the lives of our employees, investors, and partners.
- We are disciplined, following our exclusive Elite Execution System to develop personally and professionally.
- We strive to Live Fully, finding fulfillment in all areas of our lives.
Our Core Values:
Driven For Greatness: We are driven by the pursuit of knowledge and the paramount importance of a growth mindset, cultivating greatness both personally and professionally.
Living Fully: We prioritize living fully with a dedication to achieving optimal health in all aspects of life: faith, family, friends, freedom, fun , fulfillment, fitness, and finance. . We are intentional with our time, integrating the 8fs of our life to achieve our goals & God’s goals.
Grit: We have the endurance and unshakable commitment necessary to achieve our visionary long-term goals.
Community: We elevate the greater good over individual interests, magnifying our impact and cultivating thriving relationships with investors, sponsors, residents, and our colleagues.
Authenticity: We are true to ourselves and others, steadfast in our beliefs and values. We hold ourselves and others accountable, fostering open dialogue to propel growth.
Prepared to Win: We apply discipline to our thoughts and our actions, which leads us to put forth consistent effort and commitment doing the important proactive work despite the urgent priorities we face each day. We plan to win, and are prepared for volatility and challenges.
Kingdom Impact: We share God's love and transformative power through our labor, serving everyone in God’s likeness. The world will know God more through our work and how we do it.
Twenty-Mile March: We march towards clear, well-defined goals and objectives with unwavering focus, constantly evaluating our performance and course correcting as needed.
Stewardship: We are guided by our commitments to those who trust us with their capital, their communities, and their careers .
Servant Leadership: We lead with high standards & deep devotion. We display as humble confidence as we build deep relationships and trust. We show the way through the forest, empowering growth, accountability, and a founder’s mentality, with team members regularly asking “What else can I do to achieve the desired results?”
Benefits and Perks:
Unlimited PTO, health/dental/vision/life insurance, 401(k) matching, parental leave, adoption services reimbursement/learning/educational incentives, Volunteer Time Off, well-being programs, company events, self improvement/productivity tools, & the incredible feeling of making a difference.
Equal Opportunity Employer:
DLP is a committed Equal Opportunity Employer. If you are a qualified individual with a disability and require assistance in searching for a position or submitting an application, please contact HR at hr@dlpcapital.com. Offers of employment are conditional upon satisfactory completion of pre-employment background verification (including E-Verify). California applicants can view our California Data Privacy Policy here.