Construction Underwriter II | Hard Money

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