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Paralegal (CRE Lending)

Salary
$75,000-$99,999
Employment
Full Time
Work Place
Part Remote
Real Estate Field
Location
New York
 NY
Postal Code
10152
Country
United States

This job is no longer active.

Description


Sound Point Capital Management, a credit-oriented investment manager overseeing approximately $24 billion in total assets, is seeking a Paralegal to join its Commercial Real Estate investing team. Sound Point has a diverse product line which includes CLOs and various funds that invest in stressed and distressed credit, commercial real estate, structured products, consumer loans, and corporate special situations. Based in New York, the firm employs approximately 100 talented individuals and has grown steadily since inception.


Position Summary

Sound Point Capital is launching an effort to expand its CRE Lending team to help support the increased volume of mortgage loan closings and growth in its business.  For this new full-time salaried opportunity in its New York City office, Sound Point seeks a highly capable team member with a successful history as a paralegal in the commercial real estate lending industry and who possesses specialized expertise in loan closing and settlement processes.  The CRE Lending Paralegal will support in-house counsel and the broader platform with the origination, closing and post-closing management of complex commercial mortgage loan investments.

Duties and Responsibilities

  • Assist in-house counsel in all facets of commercial mortgage loan originations from term sheet through closing and post-closing.
  • Interact and communicate closely with internal legal, credit, asset management and operations teams, and externally with borrower, its counsel and other transaction parties to drive timely closing of active pipeline loans.  
  • Assist with pre-closing legal and property due diligence; conduct follow up to ensure due diligence items are collected, reviewed and completed in good order prior to clearing loans for closing.
  • Attend regular loan closing status calls and liaise with outside counsel, title escrow officers, and other third parties to troubleshoot issues and address deficiencies with closing requirements.
  • Coordinate assembly and receipt of complete loan closing binders; ensure proper delivery of original loan files and trailing documents to document custodians; open, maintain and update all electronic loan files on internal network drives.
  • Provide legal support to asset management and servicing functions in handling various post-closing loan administration matters.
  • Under attorney supervision, prepare and review various legal documents and instruments.
  • Provide clerical and administrative support to in-house counsel.

Skills & Competencies

•  Ability to systemize and streamline workflows to improve efficiencies.

•  Knowledge and understanding of real estate law and legal concepts.  

•  Must be extremely detail oriented with excellent written, verbal and interpersonal skills.

•  Well organized and efficient, and able to prioritize, multi-task and meet multiple deadlines. 

• Exhibits a high degree of initiative with the ability to work independently, exercise good judgment and handle a fast-paced work environment.


Qualifications and Prior Experience

•  Minimum of five (5) years of paralegal, commercial lending and administrative experience is required.

•  Bachelor’s Degree and Paralegal Certification preferred; equivalent experience considered.

•  Proficiency using Windows-based software and Microsoft Word, Outlook, Excel, etc.

 

Job Sector


Not specified

 

Experience


5+ to 7 years


This job is no longer active.

Legal / Transactions New York Full Time NY Legal, Transaction, Underwriting Paralegal (CRE Lending) other