Associate General Multifamily Real Estate Job at SOMERSET STAFFING, McLean, VA

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  • SOMERSET STAFFING
  • McLean, VA

Job Description

Job Description:

Industry: Financial Services - Mortgage

Job Category: Legal - Attorney

Position Overview:

Join Freddie Mac s Multifamily Real Estate Department as an Associate General Counsel! In this dynamic role, you ll deliver expert legal guidance on a wide range of transactions and projects that drive our business forward.

We re looking for a talented attorney with commercial real estate finance experience who thrives in a fast-paced, collaborative team!

Our Impact:

Legal Multifamily Real Estate is critical to the Division s success in carrying out its mission to provide liquidity, stability, and affordability for the nation s rental housing market. We support this important mission through a broad range of legal work, including loan production, underwriting, and related activities; structured transactions; securitization ; asset management and operation matters; and asset resolution.

Your Impact:

Transactions :

Serve as legal counsel, independently and/or assisting or collaborating with other attorneys, for Freddie Mac s purchase and/or servicing of multifamily loans. This may include:

  • negotiating contracts/commitments, loan documents, and other transaction documents

  • reviewing and analyzing legal issues in connection with loan purchases, servicing transactions and other multifamily asset management and operational matters

  • due diligence of real estate matters in connection with structured transactions or securitization

  • coordination and management of outside counsel

  • support multifamily client on coordination with regulatory and governmental affairs, including interaction with FHFA and congressional inquiries

  • collaboration with peers across the legal division

Non-Transactional Matters:
  • Initiatives and product improvements and development

  • loan documents and forms, Guide updates and credit policy

  • costing and pricing matters

  • lender approvals and other counterparty matters

  • multifamily research, marketing, and communications

  • risk management strategies for all aspects of the multifamily business

  • improvements to both legal and non-legal processes to increase efficiency and reduce costs across the multifamily business

Communication and Collaboration:
  • Training multifamily client and peers on matters relating to multifamily loans and securities

  • Collaborating with peers to ensure consistency of legal advice and negotiating positions.

  • Creating and maintaining effective relationships with business clients, with lenders from whom Freddie Mac buys multifamily mortgages and who service those mortgages, and with lawyers for those lenders.

  • Drafting well-structured, complete and concise correspondence, legal analyses and documents for internal and external purposes.

Qualifications:
  • Juris Doctor (JD) degree

  • Membership in good standing in a state Bar

  • Minimum 10 years of legal experience in commercial and/or multifamily real estate finance transactions with a law firm or corporate law department, including responsibility for negotiating and closing real estate finance transactions

  • Strong legal analytical and writing skills

  • Knowledge of the customary legal relationships, legal issues, and closing practices required for commercial and/or multifamily real estate transactions

  • Familiarity with common commercial real estate lender-borrower issues and the ability to negotiate resolution of the same

  • Experience with Agency/secondary multifamily mortgage market/commercial mortgage-backed securities (CMBS)

  • Demonstrated general knowledge of AI tools and technologies, with a strong commitment to continuous learning and staying up-to-date with advancements in artificial intelligence

Keys to Success in this Role:
  • Ability to work comfortably and routinely as part of a team and to collaborate across organizational boundaries

  • Ability to organize and prioritize multiple pending time-sensitive matters

  • Ability to build and maintain strong collaborative relationships with colleagues, clients, and customers

Security Clearance Required: No

Visa Candidate Considered: No

Compensation

Base Salary - USD $231,000 to $347,000

*** Never repost ***

Full-time

Benefits - Full

Relocation Assistance Available - Possible for ideal candidate

Commission Compensation - No

Bonus Eligible - Yes

Overtime Eligible - No

Interview Travel Reimbursed - No

Candidate Details

10+ to 15 years experience

Seniority Level - Mid-Senior

Management Experience Required - No

Minimum Education - Juris Doctor

Willingness to Travel - Never

Job Tags

Full time, Relocation package

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