Senior Associate, Underwriting, Homebuilder Solutions

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 Blackstone’s 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 world’s largest alternative asset manager with more than $1 trillion in assets under management. Blackstone’s scale, with roughly 12,700 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. Blackstone’s 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 multi‑market operators. We also finance master‑planned communities and stand‑alone residential developments. We are seeking an analytical professional to support the underwriting and structuring of new 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 You’ll 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.