Commercial Real Estate (CRE) Securitization Attorney - temporary role

We’re seeking a CRE Securitization Attorney to join the legal team of our client, a premier rating agency, within the Real Estate Finance group in their New York office for a contract role lasting at least 6 months. In this role, you will focus on transactions for CRE CLOs, conduits, single-asset/single-borrowers, as well as MBS, and SFR. Opportunities may also arise for you to assist with other product types across our structured finance platform.

About the Team

Our client's Real Estate Finance legal team works with other ratings analysts by evaluating potential credit risks in transaction and loan structures related primarily to CMBS, CRE CLO and MBS issuances. By assessing legal documentation, the primary focus is on identifying and communicating legal issues and any related structural mitigants on a securitization, loan, and property level for internal assessment and inclusion in presale reports when applicable. Our client prides themselves on the quality, accuracy, timeliness and consistency of their product.

About the Job

You will work within our client’s Real Estate Finance team on the preparation of presale reports and evaluation of transactions, including: assessing potential credit risks in transactions by reviewing offering documents, loan documents, and asset summaries to identify and evaluate issues. You will be responsible for drafting legal riders for asset investment memoranda and preparing transaction overviews for publication in presale reports.

As an acting attorney in their Real Estate Finance group, you will be reviewing securitization-related documents including representations and warranties and exceptions, intercreditors, and co-lenders and opining on whether such documents are consistent with current market standards. The role also includes contributing to research projects on timely issues impacting our client’s Real Estate Finance platform, which include preparing short articles for potential publication, and conducting brief training sessions for the broader analytical group. You will also assist our client’s Real Estate Finance Surveillance group with Rating Agency Confirmation (RAC) requests. This will involve having you review RAC requests (defeasances and assumptions) and related loan documents and servicing agreements, in addition to coordinating with outside counsel and surveillance analysts.

About You

You will be extremely motivated, able to effectively multi-task and work independently, as well as with other members of the Real Estate Finance team, on the types of matters described above.

In order to be successful in this role, you must have:

  • At least 3 years of experience focused on CRE securitization and/or MBS
  • JD and admission to the New York bar
  • Strong verbal and written communication skills
  • Excellent research, analytical and organizational skills and exceptional attention to detail
  • Ability to take initiative and work independently, as well as to collaborate with others in a collegial environment
  • Skilled at working on multiple transactions simultaneously in an organized fashion and able to meet deadlines

About Situs

Since 1985, Situs has been the premier, global provider of end-to-end commercial real estate and loan advisory services and integrated solutions, offering customized services to leading financial institutions, investors, owners, and developers. We offer a wide array of services, including enterprise and process improvement, capital markets and commercial real estate advisory, primary and special servicing, and creative staffing solutions.

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

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Job Location: New York, New York, United States
Date published: 16-Nov-2018
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