Prime Finance
New York
About the company:
Founded in 2008, Prime Finance is a fast growing, diversified commercial real estate credit investment platform. It seeks to deliver attractive returns to investors with a range of duration and risk/return options. Prime Finance has reached an inflection point in its growth trajectory which presents an immediate opportunity to accelerate that growth through further expansion of existing and new credit strategies as well as extensive investment in internal processes, systems, and resources.
Job Summary:
The Intern will be responsible for supporting the CMBS Opportunities Team with all aspects of the investment and asset management lifecycle. The Intern will primarily focus on asset-level review and underwriting across all property types, due diligence collection and organization, and asset and portfolio management support. The Intern will also interact with market-wide participants during the securitization process and on-going portfolio surveillance.
The CMBS Opportunities Team invests in high-yield investment grade and below investment-grade (B-Piece) Commercial Mortgage-Backed Securities at both original issuance and on the secondary market. The Commercial Mortgage-Backed Securities are backed by fixed-rate, five to ten-year loans on stabilized properties diversified by geography and product type. The CMBS Opportunities Team conducts a detailed underwriting and in-depth analysis of each loan in the CMBS transaction and collaborates with loan sellers to structure loans and CMBS pools with strong credit profiles.
Essential Functions:
- Review loans and properties backing CMBS transactions.
- Assist in evaluating property cash flows, market trends, property locations, and other relevant factors to assess credit risk.
- Help maintain the team’s asset management database and assist with on-going portfolio surveillance.
- Track and organize due diligence materials.
- Assist in preparing credit committee memos and other supporting materials and analyses.
- Attend Investment Committee and other periodic portfolio reviews.
- Support interactions with Legal, Capital Markets, Accounting, and Compliance as needed.
- Perform other duties as assigned or requested.
- Familiarize yourself with Prime’s business lines and market positioning
- Review and understand recent investment memorandums to understand Prime’s investment criteria
- Interact with senior leaders of Prime in lunches and workshops to grow your knowledge of real estate credit markets
- Participate in intern project presenting overview of Prime, its strategies, and investment departments
Qualifications:
- Bachelor’s degree in related field in progress; preferred graduation date Spring/Summer 2026
- Interest in real estate, real estate finance, finance
- Strong business writing skills and ability to concisely compile information into a clear presentation format.
- A true self-starter capable of accomplishing complicated tasks with limited supervision.
- Strong work ethic, motivation level, and attention to detail
- Strong interest in real estate debt and private equity industry
- Strong quantitative and technical/computer skills, including proficiency in Microsoft Office applications (Excel, Word, PowerPoint, Outlook)
- Problem-solving attitude and team player
Please note this job description is not designed to cover or contain a comprehensive list of every activity, duty, or responsibility that is required of the employee for this job. Duties, responsibilities, and activities may change at any time with or without notice.
The expected hourly pay for this role is $25/hour. Actual compensation will be determined by several components, including but not limited to: relevant experience, skills and qualifications, base salary of internal peers, and geographic location. In addition to base salary, this role may be eligible for a discretionary annual bonus and a variety of financial, wellbeing, and health / welfare benefits.
CA Employee Privacy Notice:
Equal Opportunity Employer:
Prime Finance provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state, or local laws. This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation, and training.
Source ⇲
