Job Type: Full-time

TITLE: Associate / Sr. Associate DEPARTMENT: Homebuilder Solutions In 2025 Blackstone established Brio Real Estate (Brio) as a portfolio company focused on real estate credit. Brio is a specialized global commercial real estate asset services platform that manages and supports Blackstones Real Estate Debt Strategies business (BREDS) across the globe. Today BREDS has more than $77 billion in investor capital across high yield / opportunistic real estate credit funds a publicly traded Mortgage REIT CMBS securities and insurance capital. Brio is a sophisticated real estate credit solutions provider that enhances value for investors and supports BREDS across key functions including asset management transactions capital markets surveillance portfolio management and legal & compliance. Brio provides critical infrastructure and capabilities for BREDS to allow for effective investments and management of its global portfolio. Blackstone is the worlds largest alternative asset manager with more than $1 trillion in assets under management. Blackstones scale with roughly 12700 real estate assets and over 240 portfolio companies enables them to invest in dynamic sectors positioned for long-term growth. The firm seeks to deliver compelling returns for institutional and individual investors by building strong businesses that deliver lasting value. Blackstones global investment strategies focus on real estate private equity infrastructure life sciences growth equity credit secondaries and hedge funds. JOB SUMMARY Brio Homebuilder Solutions finances production homebuilders and residential developers nationwide. We specialize in revolving lines of credit and acquisition development and construction (ADC) facilities that enable the development construction and sale of new homes in major U.S. metropolitan markets. Our clients typically deliver 150 to 200 homes annually or more ranging from regional builders to multimarket operators. We also finance masterplanned communities and standalone residential developments. We are seeking an analytical professional to support the underwriting and structuring of current residential homebuilder and developer lending opportunities . The role will focus on project-level underwriting transaction modeling market and feasibility analysis deal structuring and preparation of credit analysis supporting new loan approvals. The individual will evaluate the economics and risks of proposed residential development and construction transactions and translate financial project and market information into clear underwriting conclusions. What Youll Do Transaction Underwriting:



Underwrite new homebuilder and residential development lending opportunities including review of borrower financials inventory reporting project information and other due diligence and support transactions through the credit-review and closing process. Deal Modeling: Prepare Property Level Review and return models Sources & Uses project budgets and pro formas LTV funding schedules interest-reserve analyses and other transaction-level underwriting models. Project Analysis: Evaluate project profitability development timing land pipelines lot take-down schedules sales activity repayment assumptions and expected draw schedules for A&D; transactions. Borrower Project & Market Assessment: Evaluate borrower strength project characteristics and market conditions using applicable scoring frameworks and underwriting criteria. Market & Comparable Analysis: Analyze sale comparables absorption trends months of supply pricing affordability and product/market fit to support underwriting assumptions. Loan Structuring & Covenants: Support the development of curtailment schedules financial covenants funding conditions and other structural credit protections. Review required financial and inventory reporting calculate applicable covenant measurements and assess compliance as part of relevant credit and funding decisions. Funding Analysis: Develop preliminary funding estimates during underwriting and refine funding requirements as project budgets appraisals and final closing information become available. Credit Approval: Prepare concise decision-ready underwriting analysis project materials and supporting documentation for Credit review and approval including applicable back-leverage requirements. Closing & Credit Coordination: Maintain visibility into transactions through closing and coordinate with Credit Legal and other stakeholders to ensure material closing terms funding requirements and credit conditions remain consistent with approved underwriting. Data & Pipeline Management: Enter and validate transaction and project information and confirm consistency of key terms and assumptions across underwriting models the Loan Pipeline Data Tape Pricing Tape and related reporting. Relationship Analysis: Evaluate the proposed transaction within the borrowers broader relationship and summarize key strengths risks and mitigants.



What Youll Bring MBA in Finance or bachelors degree in finance Accounting Economics Real Estate Business Administration or a related field. 4-7 years of experience in commercial banking real estate lending credit analysis underwriting or a related financial-services role. Strong understanding of residential land development A&D; lending homebuilder finance and real estate credit fundamentals. Experience analyzing borrower and guarantor financial statements project budgets and transaction structures. Understanding of housing-market fundamentals including absorption housing starts lot-development cycles affordability and sales velocity. Experience preparing credit analyses and supporting underwriting or loan-approval processes. Advanced Microsoft Excel proficiency including financial modeling sensitivity analysis and data validation. Strong analytical problem-solving and written communication skills. Ability to manage multiple transactions while maintaining accuracy and attention to detail. Ability to work independently and collaborate effectively with underwriting credit and relationship-management teams. Nice to Have Experience in underwriting production homebuilders residential developers or complex multi-phase projects. Experience in reviewing appraisals development budgets Sources & Uses and third-party diligence. Knowledge of master-planned community underwriting and horizontal and vertical development. Experience in preparing materials for credit committee or similar investment-approval processes. In this role you will help structure and evaluate new lending opportunities strengthen credit decision-making and support Brio in delivering reliable scalable capital to leading homebuilders and residential developers. EEO Statement The Company is an equal opportunity accordance with applicable law we prohibit discrimination against any applicant employee or other covered person based on any legally recognized basis including but not limited to: veteran status uniformed servicemember status race color caste immigration status religion religious creed (including religious dress and grooming practices) sex gender gender expression gender identity marital status sexual orientation pregnancy (including childbirth lactation or related medical conditions) age national origin or ancestry citizenship physical or mental disability genetic information (including testing and characteristics) protected leave status domestic violence victim status or any other consideration protected by federal state or local law. We are committed to providing reasonable accommodations if you need an accommodation to complete the application process please email Required Experience: Senior IC

📌 Senior Associate, Underwriting, Homebuilder Solutions (Bengaluru)
🏢 Revantage
📍 Bengaluru