Project briefs · Finance & Accounting
U.S. Bank · Summer 2027
Commercial Real Estate Intern: a project built for this posting
Interns support credit analysts on U.S. Bank's commercial real estate lending team, spreading financials, risk-rating loans, testing covenants, and helping with client reviews. As a capstone they underwrite, structure, and present a new loan opportunity during the 10-week program that starts June 7, 2027.
- Company
- U.S. Bank
- Posting title
- 2027 Commercial Real Estate Summer Intern
- Location
- Los Angeles, CA
- Season
- Summer 2027
- Pay (as posted)
- $22.69 - $30.24/hour
- Majors named
- Finance, Accounting (financial/accounting concepts required)
Checked open on the employer's careers site on 2026-10-16. Read the full posting ↗
What this role is really testing
The project
One-Page CRE Loan Underwriting Memo
A professional credit memo that underwrites a real, publicly available commercial real estate borrower using actual financial statements, calculating key credit metrics and delivering a structured recommendation, directly mirroring the intern Capstone project described in the posting. It proves the candidate can read financials, apply credit logic, and communicate risk clearly in the format senior analysts and portfolio managers actually use.
- Pull the most recent 10-K or annual report for a publicly traded REIT or commercial real estate company (e.g., Simon Property Group or Prologis, free on SEC EDGAR). From the income statement and balance sheet, calculate four core credit metrics: Debt Service Coverage Ratio (DSCR), Loan-to-Value proxy (Total Debt / Total Assets), Interest Coverage Ratio (EBIT / Interest Expense), and Leverage Ratio (Total Debt / EBITDA). Build a clean two-column table in Word or Google Docs showing each metric, its calculated value, and a one-sentence interpretation of what it signals about credit risk.
- Write a structured one-page credit memo with four labeled sections: (1) Borrower Overview, 3 sentences on the company's business model, property type focus, and market position; (2) Financial Performance, a brief narrative summarizing revenue and NOI trends over the past two years using numbers from the financials; (3) Risk Factors, two or three specific risks you identified (e.g., tenant concentration, floating-rate debt exposure, occupancy trends) with a sentence of evidence for each; (4) Recommendation, a clear Approve / Approve with Conditions / Decline decision with two sentences explaining your rationale tied directly to the metrics you calculated.
- Format the memo to look like a professional banking document: use a header with the borrower name, date, and 'Prepared by: [Your Name]'; apply consistent fonts and section dividers; and add a summary box at the top listing the four ratios at a glance. Export it as a PDF so a recruiter can open it in one click and immediately see analyst-ready output that matches the financial spreading, risk rating, and credit presentation work described in the internship role.
Free account. Provieo walks you through it and turns it into a page with a link you can put on your application. This posting comes with you.
Questions
Do I need to know how to code?
No. For roles like this one, Provieo builds the project as a live case-study page: slides, tables and findings you fill in. You bring the thinking.
Where did this project come from?
Provieo read the U.S. Bank posting and generated it on 2026-10-16. If you paste the same posting yourself you may get a different project, so two applicants don't show up with the same one.
Is Provieo connected to U.S. Bank?
No. This is an independent project idea based on a public posting. It does not guarantee an interview.