Commercial Real Estate Loan Underwriting Associate

kaynecapital

Boca Raton, United States

November 25, 2025

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Share this job SVGs not supported by this browser. Description About Kayne Anderson Real Estate Kayne Anderson Real Estate is a leading real estate investment firm, managing nearly $20 billion in assets across opportunistic equity, core equity, and real estate debt, with sector expertise in medical office, seniors housing, off-campus student housing, multifamily housing, self-storage, and light industrial. Kayne Anderson Real Estate is part of Kayne Anderson, an approximately $40 billion alternative investment management firm with more than 41 years of experience in the real estate, credit, infrastructure, and energy sectors. With more than 130 professionals, Kayne Anderson Real Estate has consistently demonstrated its ability to bring more to an opportunity than equity capital, enhancing a project’s overall performance and quality by incorporating best practices and effective alternatives in the design, construction, documentation, financing, and operation of investments. The firm’s entrepreneurial spirit and resilient culture, combined with a reputation for quick response, firm commitment, and timely execution, has solidified Kayne Anderson Real Estate’s reputation and resulted in strong relationships with developers, owners, operators, financing sources, and other intermediaries. (As of October 2025) Position Overview: The Associate will be a key member of a growing team that runs a multi-billion dollar loan origination platform focused on seniors housing, student/multifamily housing, medical office, self-storage, and specialty industrial assets. Requirements Responsible for underwriting commercial real estate loans secured by properties in target sectors across the capital structure including first mortgage loans, mezzanine loans, and preferred equity investments. Participate in all stages of a prospective loan transaction, including due diligence, financial modeling/underwriting, transaction process, syndication, credit approval memo preparation and presentation, legal documentation and post-investment portfolio management: Complete in-depth analysis of potential borrowers’ business models and identify key potential investment risks. Analyze historical financial trends and build projection models covering P&L, balance sheet and cash flow statements, as well as credit ratio analysis. Perform in-depth market research to support underwriting assumptions. Review of all third-party technical reports for underwriting. Prepare investment memorandums and present recommendations and due diligence findings to the investment committee to evaluate credit and return risk. Manage the loan transaction workflow process and procedures though out the loan life. Experience in modeling cash flows, pro forma projections, property level returns, and sensitivity analysis of real estate assets Interact professionally with internal team members, legal and loan origination personnel and externally with borrowers, brokers, bank partners and third-party service providers. Work along side asset management team in the active management of the loan portfolio, which includes monitoring and reforecasting, future-funding and draw requests, and modifications. Qualifications: Education: Bachelor's degree; finance or related field preferred. Experience: 2 - 7 years of commercial real estate underwriting experience Travel: Up to 25% Location: Boca Raton, Florida Knowledge/Skills/Abilities: Strong analytical, research and written/oral presentation skills Ability to problem-solve and exercise independent judgment while displaying a high degree of initiative and accuracy Demonstrated ability to organize & prioritize projects; complete multiple tasks on schedule Ability to work productively under minimal supervision Proficiency in Microsoft Office, especially in Excel and Word Strong work ethic and pro-active team player able to work effectively in a fast-paced environment Benefits Competitive medical, dental, and vision insurance Flexible spending accounts (dependent care, healthcare, limited purpose FSA) Accident and Critical Illness insurance Long Term Disability insurance Competitive 401(k) benefits Pet healthcare savings program Member’s Only Healthcare - healthcare navigation WellHub - corporate wellness platform $10,000 lifetime reimbursement for family forming services (e.g. IVF, adoption, surrogacy) Rocket Lawyer legal benefits Reimbursement of professional society memberships and exam fees Up to $10,000 matching annually for contributions to qualified non-for-profit organizations Parental leave Employment with the company is contingent on the applicant being able to provide proof of eligibility to work in the United States at the time of hire. Equal opportunity employer. All aspects of employment including the decision to hire, promote, discipline, or discharge, will be based on merit, competence, performance, and business needs. We do not discriminate on the basis of race, color, religion, marital status, age, national origin, physical or mental disability, medical condition, pregnancy, genetic information, gender, sexual orientation, gender identity or expression, veteran status, or any other status protected under federal, state, or local law. Apply for this job
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