Closing Team Associate
$120,000–$120,000 year
On-siteDallas, Texas, United States or New York, United States
Job Summary
Run the closing process from start to finish for debt and equity investments, serving as the central process driver across all workstreams. Draft and maintain the due diligence checklist, send kickoff packages, and facilitate weekly calls to track blockers and critical path actions. Launch and manage third-party engagements for insurance, construction, environmental, and appraisal reports, negotiating coverage levels and reviewing deliverables for risks. Coordinate review of construction contracts, GMP agreements, and Phase I environmental reviews while collecting guarantor financials and background checks. Maintain the deal budget workbook, build sources and uses statements, and orchestrate cash management structures, wire mechanics, and capital call readiness. Support post-closing transitions by assisting asset management with cash flow models and coordinating servicer onboarding and note delivery.
Required Qualifications
- A minimum of 4 years relevant experience, within a transaction or loan closing, debt originations support, capital markets, or real estate legal function
- Direct experience closing commercial real estate debt and/or equity transactions including managing due diligence checklists and critical path timelines from executed term sheet through closing
- Demonstrated experience engaging and coordinating third-party diligence providers including title/survey, appraisal, environmental (Phase I), property condition/construction, zoning, tax, and insurance from scoping and engagement through review of deliverables and reliance language
- Experience with closing economics, including deal budgets, sources & uses, settlement statements, reserves and contingencies, and equity reconciliation
- Bachelor's degree required
- Proven ability to drive multiple parallel workstreams to a hard deadline, keeping checklists, owners, and due dates current and accurate
- Strong organizational discipline, updating trackers before every call and internal update, and identifying the items that must move each week
- Solid understanding of CRE debt structures, including bridge, senior construction, and preferred equity deals
- Familiarity with diligence streams: title/survey, third party reports, construction documents, insurance, environmental, and entitlements
- Financial fluency to build and reconcile budgets, sources/uses, equity spent to date, and settlement statements with precision
- Clear, concise, action-oriented communication that always specifies what is needed, why it matters, who owns it, and when is due
- Ability to run calls that open with a clear agenda and close with a defined action list, owners, and deadlines
- Skill in aligning diverse parties (sponsors, counsel, consultants, treasury, and Asset Management) around a shared timeline
- Sound judgment on when to escalate, reserved for matters affecting closing date, risk profile, economics, or client relationship, while bringing solutions, not just problems
- Attention to detail in documentation, reliance language, and economic reconciliation to avoid surprises late in the process
- Proficiency with data room platforms (ShareFile), budget and reconciliation models in Excel, and AM reporting templates (iLevel)
- Ability to work independently, and prioritize duties to ensure timely completion
- The ability to collaborate is also imperative
- Requires active listening, critical thinking, making decisions, time management, as well as administration skills
- Ability to interact in a courteous professional manner at all times
- Regular, predictable attendance is required
- Must be able to sit at an office workstation for an extended period of time
- Must be able to talk, hear and use wrists, hands and/or fingers frequently and repetitively to operate a computer, telephone and other office productivity machinery
- Must frequently prepare or inspect documents, and convey details or important instructions or ideas accurately, loudly, or quickly
- Must be able to reach, stoop, or kneel to access items
- All candidates must be able to prove eligibility to work in the United States
Desired Qualifications
- Exposure to loan documentation, organizational structure and guarantor review, and cash management or funding mechanics strongly preferred
- Legal experience preferred
- client-facing experience working directly with sponsors, borrowers, counsel, and consultants preferred
Hiring someone like this?
Get your role in front of qualified candidates on Sorce.