Commercial Real Estate Attorney

5 days ago


Chicago, Illinois, United States PPM America Full time
Role Overview

The Commercial Real Estate Attorney will work closely with the Managing Directors and other teams to facilitate the loan closing process. This includes reviewing and negotiating loan documents, ensuring all necessary due diligence items are collected, and coordinating with outside counsel to perfect client liens on collateral.

Key Responsibilities
  • Lead closing conference calls with correspondent closers, analysts, and loan producers to ensure timely and efficient loan closings.
  • Negotiate loan documents with outside counsel to meet the needs of the Managing Directors, Servicing, Insurance, and Portfolio Analytics teams.
  • Ensure all loan documentation is complete and accurate to protect client interests.
  • Collaborate with Servicing, Asset Management, and the Managing Directors to resolve issues with problem loans.
  • Discuss funding and closing nuances with the Servicing group and other teams.
  • Input third-party contact information into Precision, the loan servicing system.
  • Collect, review, and maintain files related to closing work, including hotel comfort letters, subordination agreements, and vendor lists.
  • Present and invite outside counsel to present at CREG "Lunch and Learn" sessions on closing process, bankruptcy matters, and third-party report requirements.
  • Proactively manage issues between the Closing team and other CREG teams.
Requirements
  • Bachelor's Degree in Real Estate or Finance.
  • Juris Doctor from an American Bar Association accredited law school.
  • 3+ years of experience as an Attorney in Commercial Real Estate Lending, including direct experience in closing new Commercial Real Estate Debt Transactions.
Preferred Qualifications
  • Personable and able to smooth over difficult interactions with loan borrowers.
  • Strong organizational and time management skills.
  • Creative thinker with the ability to implement new processes and procedures.
  • Notary Public preferred.
Benefits
At PPM America, we offer a range of benefits to support your personal and professional growth, including competitive salary and bonus, medical, dental, and vision coverage, 401k retirement plan with dollar-for-dollar matching contributions, tuition and professional certification reimbursement, paid parental leave, adoption assistance, holidays and paid time off, paid time off to volunteer, life insurance, and gift matching.

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