Paralegal (Transactional/Commercial Real Estate) - New York - Veritas Partners

    Veritas Partners
    Veritas Partners New York

    1 week ago

    $48,000 - $90,000 (USD) per year *
    Description

    The incumbent will be working directly with a team of in-house attorneys and paralegals as well as outside counsel and title companies; handling loan closings, post-closing deliverables, and repo/securitization financing of Multifamily CRE transactions

    This role will sit 5 days per week in Long Island NY

    Qualifications

    • Experience with managing the review and audit of CRE loan due diligence items including Title, Survey, Organization Documents, and recordables (Mortgage, Assignment of Leases and Rents, UCC filings)
    • Transactional real estate experience is required (Banking/CRE/Warehouse/Securitization)
    • Understanding of CLO and structured finance Commercial Real Estate transactions highly preferred;
    • Candidates should ideally have 5+ years of experience in the space.
    • Senior level transactional legal assistants or CRE title professionals could be a possible fit as well
    • Experience handling multifamily or Fannie/Freddie/Agency backed transactions is a major plus. The incumbent will review and analyze closing due diligence items for all incoming transactions.
    • Excellent organizational skills with a strong attention to detail and ability to prioritize and manage multiple transactions in a senior role for CMBS/CRE CLOs, warehouse financing and balance sheet lending;
    • Paralegal Certificate is a plus
    • Bachelor's Degree highly preferred

    Responsibilities

    • Review and analyze closing due diligence items (i.e. organizational documents, management agreement, title commitment and title exceptions, laundry leases, commercial tenant leases, evidence of insurance, various third party reports, etc.)
    • Provide all closing due diligence items to outside counsel for review in a timely manner and work closely with them to ensure all rate lock and closing conditions are satisfactorily met in a timely manner.
    • Review and evaluate borrower comments to loan documents with outside counsel, recommend appropriate responses through credit risk analysis based on professional experience, knowledge and outside counsel recommendations
    • Clearly and immediately communicate problems/issues with a closing or deal, and elevate appropriately.
    • Provide back-up assistance to Team Leader, if applicable, Closing Manager and Delivery Team
    • Assist with special projects to improve the process and experience of our clients and business partners.

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    * This salary range is an estimation made by beBee
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