Summary: We are seeking an experienced part-time Multifamily Underwriter to evaluate real estate development opportunities by building and analyzing financial models. Highlights: 1. Opportunity to evaluate real estate development opportunities deal-by-deal 2. Engage in project-based work for a multifamily developer 3. Utilize advanced Excel modeling for detailed underwriting Part-Time Multifamily Underwriter Contract / 1099 · Remote · Ongoing Multi-State Development Pipeline We're a multifamily developer with an active pipeline of projects across multiple states, and we need an experienced underwriter to help us decide — deal by deal — whether each opportunity is a go or no-go. This is a part-time, contract engagement, ideal for an underwriter, acquisitions analyst, or CRE finance professional who wants project-based work on the side. For each site, you'll build (or pressure-test) the underwriting model, stress the assumptions, and give us a clear, defensible recommendation. WHAT YOU'LL DO • Build or review detailed multifamily underwriting models in Excel (development pro forma, sources & uses, cash flows, debt sizing, returns). • Underwrite ground-up business plans: hard and soft costs, site work and utility connections, construction timeline, and lease-up / absorption assumptions. • Get up to speed quickly on each new market — pull and analyze rent comps, sales comps, and submarket trends; sanity-check achievable rents, vacancy, and expense ratios wherever the site is. • Run sensitivity and scenario analysis on the key drivers (rent growth, exit cap, interest rate, construction cost, lease-up pace). • Calculate and interpret the metrics that matter: unlevered / levered IRR, cash-on-cash, equity multiple, DSCR, debt yield, and yield-on-cost vs. market cap rate. • Summarize your findings in a concise memo or short deck with a clear go / no-go recommendation and the assumptions behind it. WHAT WE'RE LOOKING FOR • Prior multifamily underwriting experience (development, acquisitions, lending, or brokerage). 3+ years preferred. • A track record underwriting deals across different markets — able to ramp on an unfamiliar submarket fast and source your own data. • Strong command of multifamily fundamentals and CRE financial metrics. • Advanced Excel modeling — able to build clean, auditable models from scratch. • Comfort sourcing and interpreting market data (CoStar, Yardi Matrix, Apartments.com, or similar a plus). • ARGUS Enterprise a plus, not required. • Independent, detail-oriented, and able to hit a defined timeline. THE DETAILS • Type: Part-time, contract / 1099 — ongoing, deal-by-deal work across an active multi-state pipeline. • Location: Remote. • Time Commitment: Varies by deal - 25to30 hours per week. • Compensation: $30/hr. TO APPLY Reply with (1) a short note on your multifamily underwriting background, (2) a sample model or deal you've worked on (redacted is fine), and (3) your rate, along with your updated resume.
Craigslist · HR
Craigslist · HR
