Construction Underwriter II

ABOUT PARK PLACE FINANCE Park Place Finance is a fast-growing, nationwide private lender specializing in non-owner-occupied residential fix-and-flips, ground-up construction, and DSCR loans. But what truly sets us apart is how we do it.. You?ll find a team that rallies together, celebrates wins, and keeps raising the bar. With a focus on health, wealth, and professional development, we?re not just funding deals ? we?re building careers & long-lasting relationships. POSITION OVERVIEW 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 will be required. Our full suite of Business Purpose Loans also includes Residential Transitional Loans (RTL), DSCR (non-consumer), Bridge, Ground-Up Construction, and Portfolio products. Responsibilities will include 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

Requirements KNOWLEDGE, SKILLS, & ABILITIES Required:

• 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.

Preferred:

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

Benefits

WHY JOIN PARK PLACE FINANCE?

At Park Place Finance, we invest just as much in our people as we do in our borrowers. If you're ready to accelerate your career in a collaborative, fast-paced environment where performance and innovation are celebrated ? this is where you belong.

• 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