[Hiring] Construction Underwriter II @Park Place Finance, LLC

Role Description

We are looking for a detail-oriented, analytical Construction Underwriter II to join our operations team. This individual will play a key role in the evolution of our Multi-Family and Mixed-Use construction department. The candidate for this role should have a minimum of 3 years experience in the direct underwriting and credit analysis for construction lending. A Bachelor’s degree in Finance, Urban Development, Construction Management, Civil Engineering, or Risk Management is a plus.

• Evaluation of pro formas, construction budgets, and stabilization NOI (Net Operating Income) projections.
• Analysis of multi-layered risk based on audited financials, net worth, liquidity, portfolio performance, project feasibility cash-flow and debt coverage.
• Assessment of collateral using both cost and income approaches along with complex entity structures, and construction team evaluation (license, bonding, insurance compliance, plans, permits, construction contract - GMP or fixed-price preferred).

Responsibilities

• Perform complete risk assessments (borrower, market, collateral, and construction).
• Prepare comprehensive credit memos summarizing all findings.
• Recommend loan structure to mitigate identified risks.
• Coordinate third-party reports (appraisal, environmental, cost review).
• Underwrite Bridge, Renovation, Ground-Up Construction, and DSCR loans in accordance with company guidelines and investor overlays, as needed.
• Analyze construction budgets, scopes of work, and project timelines to ensure feasibility of projects.
• Maintain clear, actionable documentation supporting all underwriting decisions.
• Apply judgment on exceptions and propose well-supported decisions for approval, counteroffer, or decline.
• Partner with originators, processors, and leadership to ensure smooth file flow and pipeline efficiency.
• Communicate proactively to resolve conditions, meet deadlines, and accelerate closing timelines.

Qualifications

• 3+ years of underwriting experience in Multi-Unit and Multi-use residential construction.
• Familiarity with entity structures (LLCs, Corporations, Trusts).
• Strong analytical, critical thinking, and problem-solving abilities.
• High attention to detail and a risk-management mindset.
• Excellent written and verbal communication skills.
• Ability to work independently in a deadline-driven, high-volume environment.

Requirements

• Experience with Loan Origination Systems (e.g., LendingWise, Encompass, Salesforce, or custom LOS platforms).
• Experience working with brokers and investor guidelines.

Benefits

• Competitive Compensation Package.
• 100% Company-Paid Health Insurance (Medical, Dental & Vision).
• Retirement Plan with 4% Company Match.
• Entrepreneurial Culture with a Focus on Growth & Excellence.
• Opportunities to Expand Skillset Across Multiple Loan Products.