Job Description
The Newmark Debt, Equity & Structured Finance team is looking to bring on an Analyst to join the New York office with a primary focus on hospitality transactions. The group is comprised of a deep team of real estate investment banking professionals from various real estate equity and finance backgrounds. The Analyst will be joining the preeminent team in the market that has executed over $180 billion of transactions since 2019, including more than $21 billion of hotel transactions.
The Debt & Structured Finance team is focused on the placement of debt and equity capital for commercial real estate investors. While the broader team executes transactions across all property types, including office, retail, industrial, data centers, and alternative assets throughout North America, the Analyst will primarily support the team's hospitality practice, which advises on hotel property and portfolio/platform level transactions. Analysts are involved in every stage of a transaction including underwriting, market research, property tours, preparation of pitch materials and offering memoranda, marketing of transactions, term sheet negotiations, closings, and client meetings and events. The position will be based in-office and work in a high-energy and fast-paced environment.
Responsibilities
Primary Responsibilities
Prepare pitch materials and offering memoranda for commercial real estate transactions, including research, financial modeling, and writing transaction narratives.
Responsible for complex financial modeling of property level cash flows and debt/equity structures utilizing market information, appraisals, and comparable data to quickly and accurately underwrite a variety of transactions.
Must review and understand relevant documents (financial statements, loan documents, joint venture agreements, appraisals, etc.) to quickly identify relevant information.
Network within the industry through meetings, events and involvement in real estate trade organizations.
Participate in weekly pipeline meetings to discuss deal flow, deal status, market conditions and review new client leads.
Track and maintain database of transaction executions and help identify new business opportunities.
Other duties as assigned.
Qualifications
Experience Required
0-2 years of hospitality real estate experience (capital markets, acquisitions, development, asset management) in an analytically rigorous environment. Real estate investment banking or commercial real estate lending/investing experience is preferred.
Hospitality finance background (including specific experience with hotel P&L's and STR reports) and good understanding of appraisal and valuation principles.
Self-motivated, team oriented, and strong time management skills to prioritize tight deadlines.
Strong research, analytical, and problem-solving skills. Ability to analyze qualitative and quantitative information.
Ability to be proactive, anticipate demands and accomplish tasks with minimal direction and oversight.
Exceptional organizational, interpersonal, quantitative, writing and communication skills; able to interface with clients including their top-level executives.
Strong writing skills with ability to communicate analytical and marketing data effectively.
Ability to work independently while being a team player.
Education
Bachelor's Degree in Hospitality Management, Real Estate, Finance, Accounting, Economics or related discipline or an equivalent combination of education and experience.
Candidates from a hotel or hospitality program a plus.
Proficiency in Outlook, Excel, Word and PowerPoint.
Salary Range Language:
The expected base salary for this position ranges from $145,000 to $150,000 annually. The actual base salary will be determined on an individualized basis taking into account a wide range of factors including, but not limited to, relevant skills, experience, education, and, where applicable, licenses or certifications held. In addition to base salary and a competitive benefits package (including health, vision, and dental insurance, paid time off and a 401(k) retirement plan with employer matching), this position may be eligible for additional types of compensation including discretionary bonuses and other short- and long-term incentives (e.g., deferred cash, equity, etc.).
Working Conditions: Normal working conditions with the absence of disagreeable elements.
Note: The statements herein are intended to describe the general nature and level of work being performed by employees and are not to be construed as an exhaustive list of responsibilities, duties, and skills required of personnel so classified.
Newmark is an Equal Opportunity/Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex including sexual orientation and gender identity, national origin, disability, protected Veteran Status, or any other characteristic protected by applicable federal, state, or local law.
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