Groma is blending real estate and technology to unlock a new real estate asset class while making it easier for everyone, from institutional investors to the residents in our buildings, to participate in ownership. Our property technology platform uses AI to bring new efficiencies to the small unit count multifamily sector, enabling us to efficiently acquire, upgrade, and operate these 2-20 unit multifamily buildings and bring institutional performance to this massive but historically overlooked sector. Our investor technology platform makes owning these assets accessible to a broad array of investors, with bespoke vehicles available to institutional and family office investors and our flagship vehicle, the blockchain-powered GromaREIT, available to everyone, with a special focus on enabling ownership for the residents in our buildings. Visit www.groma.com to learn more about us.
About the Role
Groma is looking for a Underwriting & Due Diligence Lead (contract) to help drive the evaluation and execution of a multifamily and mixed use portfolio in New York City currently under LOI.
This is a hands-on, high-impact role for someone who can quickly refine underwriting, lead diligence, and help the team move from LOI toward a well-informed closing decision. You’ll work closely with acquisitions, property operations, legal, and finance to assess risk, validate assumptions, and keep diligence moving on a tight timeline.
Job Functions
- Lead underwriting refinement for an NYC multifamily and mixed-use portfolio, including rent roll, T-12, expense, capex, and scenario analysis
- Refine and update acquisition models to reflect diligence findings and key sensitivities
- Drive the due diligence process across internal teams and third-party vendors
- Review leases, financials, contracts, property reports, tax materials, and other diligence documents
- Identify key risks, underwriting gaps, and transaction issues, and communicate them clearly to the deal team
- Help prepare investment committee materials and support pricing / structuring discussions
Qualifications
- 5+ years of experience in real estate acquisitions, underwriting, asset management, or transaction advisory, with significant exposure to multifamily and mixed-use investments
- Strong experience underwriting institutional-quality multifamily deals, ideally in New York City or similarly complex urban markets
- Deep familiarity with multifamily and mixed-use diligence processes, transaction timelines, and third-party reports
- Advanced Excel / Google Sheets and financial modeling skills; able to build, audit, and adapt acquisition models independently
- Strong understanding of NYC multifamily and mixed-use fundamentals, including rent regulation considerations, operating expense drivers, and common diligence issues
- Exceptional project management skills with the ability to coordinate multiple workstreams under tight deadlines
- High attention to detail paired with strong commercial judgment
- Excellent written and verbal communication skills, including the ability to distill complex diligence findings into actionable insights
- Comfortable working independently in a fast-paced, entrepreneurial environment
About our Culture
At Groma, we’re looking to build something big and are on a fast growth trajectory. While a healthy work-life balance is important to our team, we want to be upfront that there may be times when we expect commitments outside of the standard 9-5. We strive to respect individuals and their needs while also acknowledging the reality that we have a small team that is trying to accomplish some very ambitious goals in a short time period.
We are also focused on maintaining our dynamic in-office culture at Groma’s headquarters in beautiful downtown Boston, Massachusetts. We believe that in-person collaboration and spontaneous interpersonal interaction is critical to the company’s success at this stage. Also, our office is great. We own the whole building and have made it very much our own space. We’ve got a gym, shower/locker rooms, a game room, a rooftop garden, and all the normal stuff to make an office a comfortable work environment and a fun place to be. We understand that everyone will need flexibility from time to time, but want to be transparent with this expectation.
We have an ever-evolving list of values and conventions that guide how we operate as a company, but here are some of our core ones:
- We approach our work with pragmatic idealism that enables us to focus on our desire to make the world a better place in ways big and small while also being open to intelligent compromises that accelerate us on our path to serve our broader societal goals.
- Our whole team believes strongly that the challenges we are trying to solve require effective teams, not individual heroes.
- We have complex conversations well. We sit at the intersection of housing and blockchain policy, both nuanced topics with real-world impacts. We pride ourselves on being thoughtful, seeking the best solutions to real-world challenges, and implementing them effectively in the real world.
Benefits & Perks
- Competitive salary for the Boston area
- Eligibility for early stage equity in a quickly growing startup
- 5% 401k match
- Fully covered high-quality health and dental insurance plans
- Fully covered commuter passes for bus, subway, boat, or commuter rail
- Unlimited PTO
- 13 official company holidays
- 1 floating holiday: We recognize that there are lots of holidays that are meaningful to different people in different ways and we want to celebrate that by enabling team members to have the time/space to commemorate those days however is appropriate, and using it as an opportunity - if they’d like to - to share the meaning of that day with the broader team
- A beautiful office in downtown Boston with a gym, locker rooms, game room, rooftop garden, and several catered lunches a week
Position Salary Range
$50—$150 USD
