Description

About Briar Capital:

Briar Capital is a privately held lender specializing in asset-based loans secured by commercial and industrial real estate. We provide flexible, collateral-driven financing solutions to businesses nationwide. Our team is lean, fast-moving, and highly collaborative — and we’re looking for a motivated early-career underwriter who wants to grow with us.

Position Overview:

The Commercial Loan Underwriter will support the underwriting team in evaluating new loan opportunities secured by industrial owner-occupied real estate. You will assist in reviewing appraisals and third-party reports, analyzing financial statements and working capital assets, preparing credit packages, and helping structure transactions within Briar Capital’s credit parameters.

This is a growth role designed for individuals with approximately 2 years of experience in commercial credit, asset-based lending underwriting, banking, commercial real estate, or related fields.

Salary Range

$80,000 – $100,000 base salary - Compensation will be commensurate with experience and includes eligibility for annual performance-based bonuses.

Key Responsibilities:

Credit & Collateral Support

• Assist in underwriting commercial loans secured by industrial, warehouse, and manufacturing real estate.
• Review third-party reports including appraisals, environmental assessments, title commitments, and surveys.
• Analyze borrower and guarantor financial statements, liquidity, and cash flow under supervision from senior underwriters.
• Assess performance of borrower and guarantor working capital assets i.e. accounts receivable and inventory
• Perform credit due diligence on prospective borrowers including lien and litigation searches

Loan Structuring & Analysis

• Help evaluate loan structures, advance rates, and covenant requirements
• Support the identification of credit risks and propose preliminary mitigants.
• Prepare financial spreads and collateral analyses.

Documentation & Reporting

• Draft credit memoranda for submission and presentation to Credit Committee
• Maintain accurate deal files and ensure all documentation meets internal standards.

Closing Assistance

• Support due diligence and documentation during loan closings.
• Coordinate with appraisers, environmental consultants, legal, title, and internal team members.

What Briar Capital Offers

• Competitive compensation and bonus potential.
• Medical, dental, vision, and 401(k) benefits.
• Hands-on mentorship and training from experienced underwriters.
• A collaborative, entrepreneurial environment with room for rapid skill development.
• Exposure to unique lending scenarios and diverse property types across the U.S.

Requirements

Required:

• Approximately 2 years of experience in commercial lending, banking, commercial real estate, or financial analysis.
• Bachelor’s degree - Finance, Accounting, Real Estate, Economics, or a related field preferred; however, other candidates will be considered with adequate experience.
• Strong analytical skills with the ability to interpret financial statements.
• Exceptional attention to detail, organization, and time management.
• Strong written and verbal communication skills.
• Proficiency in Excel

Preferred:

• Experience in asset-based lending, bridge lending, or other collateral-dependent lending environments.
• Exposure to underwriting or reviewing appraisals, environmental reports, or title documents.
• Familiarity with industrial/warehouse real estate markets.