Commercial Real Estate intern – Real Estate Servicing

Job Description

Commercial Real Estate Extended Internship/Co-Op (January – August 2027) | Principal Financial Group

The Tone:
This is an extended internship/co-op at Principal Financial Group, located in Des Moines, IA. Principal, a global Fortune 500 company, houses Principal Real Estate, a top-10 global real estate manager with around $100 billion in assets under management. This role is critical for supporting the Principal Real Estate Servicing team in a constantly evolving environment, providing valuable industry knowledge and tailored development opportunities.

The TL;DR
• Role: Internship
• Type: Full-time
• Location: Hybrid, Des Moines, IA
• Pay: $20 hourly
• Team: Principal Real Estate Servicing team
• Mission: Support the real estate servicing team by performing property reviews, analyzing loan documents, and processing loan-related transactions to ensure compliance and client satisfaction.
• Tech Stack: Microsoft Excel, Word, PowerPoint

What You’ll Actually Do
• Property Review: Perform property review of assigned loans, focusing on operating, financial, and market performance, and conduct compliance tests for loan covenants.
• Document Analysis: Analyze and interpret loan documents or other legal contracts to ensure accuracy and adherence to terms.
• Payoff Processing: Process loan payoffs, which includes calculating payoff amounts and communicating with borrowers.
• Draw Organization: Organize and review various loan draws related to construction projects and escrows.
• Knowledge Development: Develop knowledge of Principal Real Estate’s products, programs, and clients’ needs through available training programs and active involvement in investment activities.

The Must-Haves
• Background: Working towards or having a recent Bachelor’s degree or equivalent, with a preference for degrees in Finance, Real Estate, Business, or a related field.
• Experience: Strong quantitative financial and statistics background, including an understanding of basic finance concepts. Availability to work onsite (four days a week, one day remote) in Des Moines, IA for 40 hours/week from January – August 2027.
• Skills: Proficiency in Microsoft Excel, Word, and PowerPoint; highly motivated individual with a self-starter approach; excellent written and verbal communication and interpersonal skills.
• Bonus: Real estate experience, whether full-time, through internships, clubs, or other extracurriculars; involvement in student organizations and other business-related extracurriculars.