Nuveen Investments Director, Structured Loan Closing- Nuveen Real Estate in San Francisco, California
The Director, Loan Closing will work closely with loan originators, borrowers, correspondents and counsel to quarterback loans through the closing process and ensure all underwriting and closing requirements are met.
He / she will possess strong knowledge of key loan documents in order to negotiate loan terms and manage the closing needs of a complex portfolio of commercial real estate loans (i.e. knowledge of documentations associated with selling A Note positions in senior loans, contributing senior loans to a collateralized loan obligation ("CLO") vehicle, and bank loan regulations). This person will be able to identify potential closing issues on complex transactions and demonstrate ability to formulate creative solutions to ensure tight deadlines are met.
Key Responsibilities and Duties
Work with the Surveillance/Asset Management to ensure smooth transition of the asset after closing.
Negotiate loan document business terms and participate on closing checklist calls with borrowers, and external and internal business partners.
Prepare DSCR analysis, closing memos, Asset Summary Reports, and verify compliance with company procedures and prepare loan modification memos.
Review leases, estoppels, SNDAs, zoning reports, appraisal, engineering and environmental reports.
Review and approve property inspection reports prior to loan closings.
Review settlement statement to ensure all fees and expenses are accurate and documented.
Monitor and administer post-closing obligations, trigger events and loan covenants.
Oversee construction loan draw packages.
Bachelor's Degree Required
Master's Degree Preferred
- 3+ Years Required; 5+ Years Preferred
- Physical Requirements: Sedentary Work
- 3 years of experience independently managing the commercial real estate loan closing process
10 years of commercial real estate loan closing experience
Strong knowledge of senior and subordinated transitional floating debt, construction loan structures, and workout experience
Masterâs Degree or CFA a plus.
Highly organized, detail oriented, self-motivated team player with positive work ethic and comfort working independently in a fast paced, demanding environment.
Willing to travel as needed to assist in property related and investment related analysis and decision making.
Potential Salary: $195,000.00 USD
Actual base salary may vary based upon, but not limited to, relevant experience, time in role, base salary of internal peers, prior performance, business sector, and geographic location.Â In addition to base salary, the competitive compensation package may include, depending on the role, participation in an incentive program linked to performance (for example, annual discretionary incentive programs, non-annual sales incentive plans, or other non-annual incentive plans).Â
Nuveen, the investment manager of TIAA, offers a comprehensive range of outcome-focused investment solutions designed to secure the long-term financial goals of institutional and individual investors. Its affiliates offer deep expertise across a comprehensive range of traditional and alternative investments through a wide array of vehicles and customized strategies.Â For more information about the firm please visit our website atÂ www.Nuveen.com
Benefits and Total Rewards
The organization is committed to making financial well-being possible for its clients, and is equally committed to the well-being of our associates. Thatâs why we offer a comprehensive Total Rewards package designed to make a positive difference in the lives of our associates and their loved ones. Our benefits include a superior retirement program and highly competitive health, wellness and work life offerings that can help you achieve and maintain your best possible physical, emotional and financial well-being. To learn more about your benefits, please review our Benefits Summary (https://www.tiaa.org/public/pdf/benefits-at-a-glance.pdf) .
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Read more about the Equal Opportunity Law here (https://www.dol.gov/general/topics/posters) .
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