We're looking for a Commercial Real Estate intern to join our Principal Real Estate Servicing team for an extended internship/co-op for January - August 2027. In this fast-paced, constantly evolving environment, you will play a critical role in supporting your team, which is not only exciting, but the best way to learn. Through our comprehensive training program, you will acquire valuable industry knowledge while receiving tailored development opportunities preparing you for future advancement.
Perform property review (operating, financial, and market performance) of loans assigned and perform compliance tests for loan covenants. Analyze and interpret loan documents or legal contracts. Process loan payoffs, including payoff calculations and borrower communication. Organize and review various loan draws for construction and escrows. Develop knowledge of products, programs and clients' needs through available training programs and involvement in investment activities.
Working towards or having a recent Bachelor's degree or equivalent (preference for degrees in Finance, Real Estate, Business, or a related field) Strong quantitative financial and statistics background including an understanding of basic finance concepts Proficiency in Microsoft Excel, Word, and PowerPoint Highly motivated individual with a self-starter approach Excellent written and verbal communication and interpersonal skills Availability to work onsite (four days a week, one day remote) in Des Moines, IA for 40 hours/week from January - August 2027
Real estate experience (full time or internship experience, clubs or extracurriculars) Involvement in student organizations and other business-related extracurriculars
Salary ranges below reflect targeted base salaries. Non-sales positions have the opportunity to participate in a bonus program. Sales positions are eligible for sales incentives, and in some instances a bonus plan, whereby total compensation may far exceed base salary depending on individual performance. Actual compensation for all roles will be based upon geographic location, work experience, education, licensure requirements and/or skill level and will be finalized at the time of offer. Salary Range (Non-Exempt expressed as hourly; Exempt expressed as yearly) $20 - $20 / hour
Paid company holidays and any time off required in your state. Pension Eligible No
Internship Stipend You will receive a lump sum stipend of $6,000. This amount is intended to support incidental expenses you may incur as part of your internship. The Company will provide a tax gross-up on this stipend as a financial benefit but is not intended to compensate for all tax liabilities.
This is a Monday-Friday, 40 hour/week internship beginning in January 2027 and ending in August 2027. Location & Work Environment This role will be located onsite in our Corporate headquarters in Des Moines, IA and the work arrangement is in-office Monday-Thursday with Friday being optional in-office or remote.
At this time, we're not considering applicants that need any type of immigration sponsorship (additional work authorization or permanent work authorization) now or in the future to work in the United States. This includes, but IS NOT LIMITED TO: F1-OPT, F1-CPT, H-1B, TN, L-1, J-1, etc. For additional information around work authorization needs please use the following links.
Principal is an Equal Opportunity Employer All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or veteran status.
Commercial Real Estate Extended Internship/Co-Op (January - August 2027) • Des Moines, IA, United States
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