Transaction Coordinator

Responsibilities

• Act as the liaison between all parties involved in the transaction closing process (internal company departments, third-party consultants, Sellers/Borrowers, etc.).
• Serve as the central contact for the due diligence review process for each transaction.
• Coordinate the receipt and distribution of due diligence items.
• Maintain and manage the closing checklist to ensure that closing counsel and internal parties have received all required documents to review and close the loan.
• Provide third-party consultants with property information and request proposals/budgets.
• Manage engagement and completion of third-party consultant reports.
• Provide consultants with all necessary items required to complete their review of the property.
• Maintain a critical dates schedule and monitor all parties involved to ensure deadlines are met.
• Maintain checklist of client requirements.
• Coordinate with appropriate team members to make sure items are submitted on a timely basis.
• Maintain project files during the closing process and make sure files are completed post-closing.
• Provide necessary items and loan documents to asset management and loan servicer post-closing.
• Provide necessary items for law firm to prepare closing binders.
• Pursue the resolution of various issues during the due diligence/closing process.
• Communicate due diligence requirement with Borrowers and other counterparties.
• Monitor internal third-party costs throughout the closing process and ensure payment of third-party consultants (including legal) at closing.
• Maintain contact list with telephone numbers/addresses of all parties involved in transaction.
• Prepare internal closing statement and sources and uses and coordinate with escrow agent to prepare their closing statement.

Qualifications

• Minimum 5 years of experience working in commercial real estate, optimally in a closer capacity at another lending institution or in a paralegal capacity at a law firm.
• Minimum 5 years of related experience in working on commercial loan originations and closing commercial mortgage loans.
• Working knowledge of commercial mortgage loan documentation and due diligence required for closing commercial mortgage loans and related credit investments.
• Exceptional organizational skills required with the ability to multi-task and work independently in a time sensitive environment where meeting established deadlines is critical.
• Excellent written and verbal communication skills.

Preferred Qualifications

• Bachelor’s degree preferred
• Paralegal certificate preferred
• Financing and settlement statement experience strongly preferred.

About Company