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For Companies At a Glance
- Tasks: Underwrite bridging loan applications and manage multiple live transactions in a collaborative team.
- Company: Well-capitalised real estate debt fund with ambitious growth plans.
- Benefits: Gain genuine deal exposure and work directly with senior decision makers.
- Why this job: Shape a new lending product and make an impact from day one.
- Qualifications: 2+ years in bridging or property credit underwriting with strong UK market knowledge.
- Other info: Dynamic environment with opportunities for career growth and visibility.
The predicted salary is between 36000 - 60000 £ per year.
Overview
We’re working with a well-capitalised real estate debt fund that has recently launched a new bridging loans product and is expanding its underwriting team with a dedicated Bridging Underwriter. The firm has an established track record in property finance, with deep institutional backing and the resources in place to support ambitious growth. Their new bridging platform focuses on loans typically in the £1m – £10m range, with plans to scale the bridging loan book to around £200m in the coming years.
The Opportunity
This is a newly created role where you’ll take ownership of underwriting bridging loan applications across UK residential and commercial real estate. You’ll work closely with originators, credit committee members and external professionals, assessing and structuring loans from initial appraisal through to completion. It’s a hands-on role in a lean, collaborative team environment – ideal for someone who thrives on managing multiple live transactions and has the confidence to engage directly with borrowers, brokers, and professional advisors.
Key Responsibilities
- Underwrite bridging loan applications secured against UK commercial and residential property
- Carry out due diligence on borrowers, assets, planning, exit strategies and costs
- Analyse development feasibilities, financial models and borrower accounts
- Review valuation, QS and legal reports
- Prepare and present clear credit papers for committee approval
- Liaise with borrowers, brokers, lawyers and consultants throughout transactions
- Monitor post-completion matters including drawdowns and variations
About You
- At least 2 years’ experience in bridging or property credit underwriting
- Strong knowledge of the UK real estate market
- Confident analysing development feasibilities and borrower financials
- Comfortable working on multiple live deals at pace
- Strong written and verbal communication skills – concise credit writing is key
- Organised, self-motivated, detail-focused
- Familiarity with AML/KYC requirements
- Proficient in Excel and MS Office
Why Apply?
This is a chance to join a growing platform at an exciting stage of its expansion, with genuine deal exposure and the opportunity to help shape a new lending product. You’ll be working directly with senior decision makers in a flat structure, gaining visibility and impact from day one.
Seniority level
- Associate
Employment type
- Full-time
Job function
- Finance
Industries
- Real Estate, Banking, and Financial Services
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Bridging Underwriter – Real Estate Debt Fund employer: Caravel
Contact Detail:
Caravel Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Bridging Underwriter – Real Estate Debt Fund
✨Tip Number 1
Network like a pro! Reach out to your connections in the real estate and finance sectors. Attend industry events or webinars, and don’t be shy about introducing yourself. You never know who might have a lead on that perfect Bridging Underwriter role!
✨Tip Number 2
Prepare for those interviews by brushing up on your knowledge of the UK real estate market. Be ready to discuss recent trends and how they impact bridging loans. Show them you’re not just a candidate, but someone who’s genuinely passionate about the field.
✨Tip Number 3
Practice your credit writing skills! Since concise credit papers are key for this role, try drafting some sample reports based on hypothetical scenarios. This will help you articulate your thoughts clearly during interviews and demonstrate your expertise.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who take the initiative to engage directly with us. Let’s get you that Bridging Underwriter position!
We think you need these skills to ace Bridging Underwriter – Real Estate Debt Fund
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Bridging Underwriter role. Highlight your experience in property credit underwriting and any relevant skills that match the job description. We want to see how you fit into our team!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about real estate debt and how your background makes you the perfect fit for this role. Keep it concise and engaging – we love a good story!
Showcase Your Communication Skills: Since strong written communication is key, make sure your application is clear and well-structured. Use bullet points where necessary and avoid jargon. We appreciate clarity and conciseness in credit writing!
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you don’t miss out on any important updates. Plus, it shows you’re keen to join our team!
How to prepare for a job interview at Caravel
✨Know Your Numbers
Make sure you brush up on your financial analysis skills. Be prepared to discuss development feasibilities and borrower accounts in detail. Familiarity with Excel will be crucial, so practice presenting data clearly and concisely.
✨Understand the Market
Dive deep into the UK real estate market trends, especially around bridging loans. Being able to discuss current market conditions and how they impact lending decisions will show that you're not just knowledgeable but also genuinely interested in the role.
✨Prepare for Scenario Questions
Expect to face scenario-based questions where you'll need to demonstrate your underwriting thought process. Think about past experiences where you've assessed risks or structured deals, and be ready to articulate your approach clearly.
✨Communicate Clearly
Strong written and verbal communication skills are key for this role. Practice summarising complex information succinctly, as you’ll need to prepare credit papers for committee approval. Clear communication with borrowers and brokers will also be essential.