Debt Asset Management Intern- New York

About the Role

Our summer 2027 internship program is a 12-week opportunity designed to fully immerse you in the day-to-day activities of our debt asset management team. You will gain exposure to the oversight of a portfolio of commercial real estate loans comprising a broad range of property types, sponsors, deal structures, and markets. The internship runs from June 1 to August 14 and utilizes a hybrid work arrangement, requiring 3 days per week in the office.

Pelium Real Estate Asset Management, LLC (“Pelium”) is a leading asset management platform fully dedicated to supporting Apollo’s commercial real estate financing business in the United States. This internship provides in-depth exposure to SitusAMC and other areas of the business, where you will receive guidance and work closely with experienced professionals.

Responsibilities

• Analyze loan documents and investment committee memoranda; review and understand deal structure, funds flow, economics, and servicing requirements as detailed in deal summaries and legal documents.
• Assist in preparing and presenting credit recommendations for actions that require lender approval, such as loan extensions, draw funding, borrower consents, and lease approvals.
• Gather market data, financial statements, and maintain rent rolls.
• Assist in preparation of asset-level reports in Excel, including cash flow analysis, variance analysis, and budget review.
• Build and perform LTV, DY, and DSCR analyses.
• Review draw requests, including but not limited to construction, tenant improvements/leasing commissions, and capital expenditure.
• Monitor ongoing portfolio updates, including loan extensions, modifications, upsize, collateral review, construction loans, new closings, and other pipeline events.
• Participate in two projects: a team project and a capstone final project at the end of the internship.

Qualifications

• Currently pursuing an undergraduate degree in finance, real estate, or a related major.
• Demonstrable interest in commercial real estate.
• Strong quantitative and analytical skills.
• Proficiency in Excel®, Word®, and PowerPoint®.
• Highly developed organizational and project/time-management skills.
• Excellent communication, presentation, and business writing skills under pressure.
• A strong commitment to integrity and professionalism.
• Ability to work both independently and effectively with team members in diverse groups and regions.
• Solid work ethic, self-motivation, and strong attention to detail.

Pay

The annual full-time base salary range for this internship role is $20.00 - $25.00 per hour. Specific compensation is determined through interviews and a review of relevant education, experience, training, skills, geographic location, and alignment with market data.

Benefits

• Paid time off (PTO) and paid holidays, as set forth in program policies.
• Eligibility to participate in various benefit plans, including medical, dental, vision, life, disability insurance, and 401K, in accordance with the terms of the applicable plans.
• Certain positions may be eligible to receive a discretionary bonus as determined by bonus program guidelines and management approval.

Schedule

This is a 12-week internship program running from June 1 to August 14, with a hybrid work arrangement requiring 3 days per week in the office.