About Us

Nectar provides liquidity to professional real estate investors with low leverage, cash-flowing assets. We do this by leveraging the monthly cash flow of experienced property owners to provide up-front capital, which they can then use to acquire new properties or improve existing properties. We do this without the restrictions of additional debt or the dilution of an equity investor.

About the Role

Are you an experienced multi-family underwriter or commercial real estate analyst with experience in workouts, collections, and restructuring? As an underwriter at Nectar you will support the loan origination team, and monitor loans from origination through the closing process ensuring a positive and timely experience for clients. You will be responsible for underwriting transactions, performing due diligence, reviewing loan documents, verifying borrower information, preparing loan packages for approval, and communicating with borrowers and other stakeholders throughout the loan process.

In addition, you will be responsible for restructuring loans for delinquent borrowers, pursuing collections against defaulted borrowers, and liaising with our legal team to pursue remedies.

• Analysis: Evaluate real estate investment opportunities by creating and managing detailed and dynamic financial underwriting models for investment and development activities
• Collections: Work with our legal team to pursue appropriate action whether suits, demand letters, or domesticating judgments to pursue entities and personal guarantors
• Restructuring: Restructure existing advances to provide relief to borrowers and improve Nectar's security position
• Presentation: Prepare investment memos, presentation materials, various reports and dashboards
• Valuation: Review and prepare internal and external asset valuations
• Due Diligence:
• Loan Processing: Handle the end-to-end loan processing for SFR and small multi-family deals, focusing on efficiency and accuracy throughout the process.
• Documentation Review: Evaluate and analyze loan documentation, ensuring completeness and adherence to company policies and regulatory requirements.
• Client Interaction: Communicate effectively with clients, borrowers, and internal teams to obtain necessary information, address queries, and ensure a smooth loan application process.
• Risk Management: Identify and mitigate potential risks associated with loan applications, conducting due diligence to maintain the quality of the loan portfolio.
• Regulatory Compliance: Stay informed about industry regulations and compliance standards, ensuring all loan processing activities align with legal requirements.
• Collaboration: Work closely with the Head of Underwriting, loan officers, and other stakeholders to facilitate the approval and closing of loans.
• Quality Assurance: Implement quality control measures to ensure accuracy and completeness of loan files, minimizing errors and discrepancies.
• (Preferred) Freddie Mac/Fannie Mae SBL Program Expertise: Demonstrate in-depth knowledge of the Freddie Mac/Fannie Mae Small Balance Loan program, staying current with program updates and changes.

Your Experience

• 10+ years experience in an underwriting role within commercial real estate space required (other sector or credit analyst roles considered)
• 5+ years in a resturucting, special situations, or collections role
• Attention to Detail: Strong attention to detail with a commitment to maintaining accuracy throughout the loan processing workflow.
• Communication Skills: Excellent written and verbal communication skills, with the ability to interact professionally with clients and internal teams.
• Problem-Solving Skills: Effective problem-solving skills to address challenges and ensure the smooth progression of loan applications.
• Team Player: Ability to collaborate with cross-functional teams and contribute to a positive and collaborative work environment.
• Preference for experience transacting with multi-family or commercial property owners and managers
• Preference for someone with experience working within a small investment or lending shop, a venture-backed startup, or other fast-growing companies that take balance sheet risk.

Note: we don’t expect anyone to check every box. If you feel you meet most of the criteria and you are excited about the role, we encourage you to apply.

Who You Are

• You’re a builder—this is a startup. Things change fast, and we are building as we go. If you’re looking for a large company, this isn’t it. You will have a hand in contributing to the processor playbook and running the plays.
• You’re a processor expert—you understand how to be efficient and organized and how to work with our customers to push their financing requests through due diligence to get their deals over the finish line.
• You’re a creative problem solver—every deal we do has a unique problem or challenge. We need you to have an open mind to help find novel solutions to complex deals.
• You’re a self-starter—this is a very entrepreneurial environment where you will be expected to take the initiative and ownership of your role and how you go about hitting your agreed-upon business objectives.
• You understand the real estate business—we work with seasoned real estate professionals. They are often under pressure and in situations where knowledge of the business will help us provide creative and timely solutions to their specific situations.

Benefits

• Revenue Sharing
• Equity
• Full healthcare—health, vision, and dental
• Unlimited PTO plus paid holidays
• Office with snacks and coffee, plus free team social events
• Inclusive environment with start-up autonomy

Location

This job is based in Atlanta, and our team currently works a hybrid in-office/remote schedule. We are open to remote candidates.

A Welcoming Place for All

Nectar strives to nurture a welcoming culture of shared values and radical candor for everyone. We welcome all applicants, regardless of background, to submit an application. We know we will only succeed if we have a team that brings a wide variety of perspectives and backgrounds.

As an equal-opportunity employer, our hiring decisions are based solely on qualifications, merit, and business needs at the time of hire. We prohibit discrimination and harassment of any kind based on race, color, sex, religion, sexual orientation, national origin, disability, genetic information, pregnancy, or any other protected characteristic as outlined by federal, state, or local laws. This policy applies to all employment practices within our organization. Tips: Provide a summary of the role, what success in the position looks like, and how this role fits into the organization overall.