Real Estate Financial Analyst - Condominium Development
DaGrosa Capital Partners LLC, Coral Gables, Florida, United States
The Real Estate Financial Analyst will play a critical role in underwriting, structuring, and executing condominium development investments, which represent the core and primary responsibility of the role. The position is not focused on stabilized multifamily acquisitions or long-term rental asset management. Instead, it is designed for candidates with ground-up and redevelopment condominium experience, including presales, construction-period cash flow modeling, and unit-level profitability analysis.
This role reports directly to the Sr. Partner and works closely with development, finance, legal, sales, and capital markets teams throughout the full condominium lifecycle—from feasibility through sell-out.
Primary Responsibility: Condominium Development Financial Modeling & Feasibility
Build and maintain institutional-quality condominium development models, including: Land acquisition and assemblage analysis Hard and soft cost budgeting Construction draw schedules Unit-level pricing, absorption, and sales velocity assumptions Presale requirements and buyer deposit schedules Developer fee and promote structures Sensitivity analysis around pricing, absorption, cost escalation, and leverage Construction loans and mezzanine financing Equity contributions and capital calls Sponsor promote waterfalls tied to project-level IRRs and profits Evaluate project feasibility and go/no-go decisions, including: Residual land value analysis Return on cost and margin analysis Breakeven pricing and absorption thresholds Maintain and update models throughout the development lifecycle, reflecting Updated construction budgets Sales progress and executed contracts Revised financing terms Forecasted cash needs and distributions Support all phases of condominium development execution, including: Review of construction budgets, GMPs, and draw schedules Coordination with development, construction, and sales teams Analysis of presale performance versus underwriting Review and interpret development documentation, including: Land purchase agreements Joint venture and promote structures Condominium declarations and offering-related financial exhibits Assist in preparation of materials for: Internal investment committee approvals Lenders and equity partners Sales and marketing forecasting Cash Flow Management & Development Finance
Maintain project-level cash flow forecasts focused on: Sales proceeds and buyer deposits Financing costs and debt service Equity contributions and distributions Produce scenario and downside analyses related to: Slower absorption Coordinate with accounting and external consultants to ensure accurate tracking of: Development costs Capitalized interest Secondary Responsibility: Select Cross-Platform Support (Limited)
Provide limited, ad-hoc analytical support for other firm investments as needed. Condominium development underwriting remains the clear and dominant focus of the role. Required Qualifications (Strict)
Bachelor’s degree in Finance, Real Estate, Accounting, Economics, or related field. Mandatory: 3–5 years of direct condominium development or for-sale residential development experience. Demonstrated experience building ground-up condo development models, including unit-level sales, presales, construction cash flows, and promote waterfalls. Strong understanding of condominium economics, including: Return on cost Margin analysis Construction-period financing Advanced Excel proficiency; experience modeling complex development cash flows required. Strong communication skills and comfort working with senior development and investment leadership. Highly detail-oriented and comfortable operating in a fast-paced, transaction-driven development environment. Location:
On-site, Coral Gables, Florida Base:
125-145K commensurate with experience, depth of condominium development modeling expertise, and ability to operate independently. Bonus : 20-25% of base salary, performance based
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Build and maintain institutional-quality condominium development models, including: Land acquisition and assemblage analysis Hard and soft cost budgeting Construction draw schedules Unit-level pricing, absorption, and sales velocity assumptions Presale requirements and buyer deposit schedules Developer fee and promote structures Sensitivity analysis around pricing, absorption, cost escalation, and leverage Construction loans and mezzanine financing Equity contributions and capital calls Sponsor promote waterfalls tied to project-level IRRs and profits Evaluate project feasibility and go/no-go decisions, including: Residual land value analysis Return on cost and margin analysis Breakeven pricing and absorption thresholds Maintain and update models throughout the development lifecycle, reflecting Updated construction budgets Sales progress and executed contracts Revised financing terms Forecasted cash needs and distributions Support all phases of condominium development execution, including: Review of construction budgets, GMPs, and draw schedules Coordination with development, construction, and sales teams Analysis of presale performance versus underwriting Review and interpret development documentation, including: Land purchase agreements Joint venture and promote structures Condominium declarations and offering-related financial exhibits Assist in preparation of materials for: Internal investment committee approvals Lenders and equity partners Sales and marketing forecasting Cash Flow Management & Development Finance
Maintain project-level cash flow forecasts focused on: Sales proceeds and buyer deposits Financing costs and debt service Equity contributions and distributions Produce scenario and downside analyses related to: Slower absorption Coordinate with accounting and external consultants to ensure accurate tracking of: Development costs Capitalized interest Secondary Responsibility: Select Cross-Platform Support (Limited)
Provide limited, ad-hoc analytical support for other firm investments as needed. Condominium development underwriting remains the clear and dominant focus of the role. Required Qualifications (Strict)
Bachelor’s degree in Finance, Real Estate, Accounting, Economics, or related field. Mandatory: 3–5 years of direct condominium development or for-sale residential development experience. Demonstrated experience building ground-up condo development models, including unit-level sales, presales, construction cash flows, and promote waterfalls. Strong understanding of condominium economics, including: Return on cost Margin analysis Construction-period financing Advanced Excel proficiency; experience modeling complex development cash flows required. Strong communication skills and comfort working with senior development and investment leadership. Highly detail-oriented and comfortable operating in a fast-paced, transaction-driven development environment. Location:
On-site, Coral Gables, Florida Base:
125-145K commensurate with experience, depth of condominium development modeling expertise, and ability to operate independently. Bonus : 20-25% of base salary, performance based
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