Commercial Real Estate Transaction Specialist
4 days ago
The ideal candidate will have a strong background in commercial lending and real estate, with proficiency in MS Office apps and Adobe Acrobat. They should possess advanced knowledge of MS Word, particularly in tracking changes and styles, as well as strong computer and proofreading skills. The ability to manage heavy document production, maintain organization, and keep current with workloads and calendars is essential.
Responsibilities will include reviewing attorneys' comments, editing, and redlining real estate legal documents for execution by all parties. The candidate will also be responsible for managing critical dates, such as feasibility periods, closings, deposits, extensions, title objections, and tracking and updating contract critical dates.
Additionally, the candidate will set up and manage entities in various jurisdictions, including formation, EINs, company agreements, resolutions, and completing paperwork for Registration of Agent for service of process and Foreign Entity in applicable States. They will also complete necessary documentation for Entity Certificates of Good Standing from applicable states and file.
The candidate will be responsible for populating initial drafts of entity Regulations, Operating Agreements, Limited Partnerships, Management Agreements, Asset Management Agreements, and Development Services Agreements (and Commission Agreement). They will also prepare initial KA form lease and rent schedule, initial contract draft with basic info, and draft amendments and letters exercising extensions.
Other responsibilities will include assisting with Builder's Risk Insurance proposals and Insurance Certificates, canceling Builder's Risk when Landlord/Owner's or Tenant's Property Insurance becomes effective, and assisting with KA Tenant's Commercial General Liability/Property Insurance.
The candidate will also assist with Crowd Funding administration, reviewing letters of accreditation, fund monitoring, adding investors to master list with contact info and amount invested, and creating project-specific investor list, saving Investment Agreements and W-9s to Z drive.
They will be responsible for assisting with closings, preparation of closing instructions and escrow letters, and preparing final loan documents for signatures, scanning, and sending to lender, originals to title company for recording and overnighting. They will also order UCC searches required by lender, complete state required tax forms and ancillary documents in connection with closings, and certificates of beneficial ownership.
The candidate will be responsible for drafting cover letters to title company and lenders, preparing new folders and project binders, filing contracts, leases, amendments, various property-related agreements, entity documents, title, survey, etc. in electronic files, scanning closing documents and saving to closing binder, and assembling and preparing closing binders.
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