Attorney Transaction Manager - Commercial Real Estate Loans

We are looking for an experienced commercial real estate finance attorney on behalf of our client, a multi-$billion European financial services institution (the “Bank”).  In this role, you would support the legal aspects associated with the origination and closing of commercial real estate loans for the Bank’s balance sheet.  These loans are primarily being originated as an add-on service offering to the Bank’s private wealth management clients.  The products include small balance loans, as well as some bridge loans on transitional assets and syndicated loans.

 

The ideal candidate will have at least 3-5 years of experience working in a law firm on the drafting and negotiation of commercial real estate finance transactions.  It’s also helpful if candidates have prior experience working on real estate finance transactions at an investment bank or mortgage company, but this is not required. 


Sample Responsibilities:

  • Manage the legal aspects associated with originating and closing commercial real estate loans, including small balance, bridge and syndicated loans
  • Prepare and negotiate term sheets
  • Review and understand commercial banking and commercial real estate loan terms and financial components; identify potential problems and solutions
  • Ensure loan submissions comply with applicable internal guidelines, external regulations and unique investor requirements
  • Coordinate closing activities with all parties involved including external/internal attorneys, relationship managers, borrower and borrower's counsel
  • Engage, manage and direct external counsel to prepare loan documents in accordance with credit approvals, policy and credit standards
  • Negotiate legal, policy and procedural components of loan documents in order to decrease risks
  • Coordinate activities with other parties including external legal counsel, borrower, title company, third parties and internal contacts and resources
  • Mitigate and remedy documentation and operational risks, including serving as a screening process for issues impacting post-closing administration
  • Confirm that all loan paperwork is handled in compliance with Company procedures and relevant regulations
  • Responsible for review of credit approvals and supporting documentation and confirming that loan documentation properly reflects unique, individualized requirements in the approval for the specific loan
  • Communicate back to Credit and Relationship Manager when proposed requirements or approvals for the loans cannot be met; offer an alternative scenario to close the loan
  • Ensure compliance, operational risk controls in accordance with regulatory standards and policies; and optimize relations with regulators by addressing any issues
  • Serve as a knowledge resource and subject matter expert for CRE on complex transaction and corporate structure

Desired Skills & Experience:

  • Candidate is required to have successfully completed a law degree from an accredited institution
  • Minimum of 5 years working in commercial real estate finance, and at least 3 years at a law firm working on real estate finance transactions
  • Strong communications, analytical, decision-making, organizational, follow-up and customer service skills
  • Strong knowledge of commercial real estate documentation, risk management and commercial real estate loan products, servicing principles for commercial real estate loans and pertinent state laws governing commercial mortgages
  • Ability to evaluate, assess and mitigate risk inherent to closing process as well as ensuring adherence to banking regulations and policies and procedures while recognizing the unique, individualized nature of each commercial real estate transaction, particularly syndications
  • Attention to detail and ability to evaluate particular situations and work independently to develop a solution critical
  • Authorization to work in the US for any employer


We are an equal opportunity employer (m/f/d/v).

This Employer Participates in E-Verify

EOE/M/F/D/V

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Job Location: New York, New York, United States
Date published: 26-Nov-2018
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