TIAA Director, Loan Closing, Nuveen Real Estate in SAN FRANCISCO, California
Nuveen is the investment management arm of TIAA. It is one of the largest global asset managers with specialist knowledge across a wide array of asset classes, including fixed income, equities and alternatives. Nuveen is driven not only by the independent investment processes across the firm, but also the insights, risk management, analytics and other tools and resources a truly world-class platform provides. As a global asset manager, our mission is to work in partnership with our clients to create outcome-focused solutions to help them secure their financial future. For more information about the firm please visit our website at
Nuveen Real Estate, an operating division of Nuveen, the asset management arm of TIAA, is one of the top five largest real estate investment managers in the world with over $126 billion in AUM. Managing a suite of over 80 funds and mandates spanning both debt and equity across diverse geographies, sectors, investment styles and vehicle types, we provide access to every aspect of real estate investing. With offices in 26 cities throughout the US, Europe and Asia-Pacific, over 500 professionals and over 80 years of investing experience, the platform offers impressive local expertise coupled with a sophisticated global perspective.
Our investment, asset management and corporate strategies grow from a deep understanding of the structural trends that we believe will shape the future of real estate and responsible investing beyond market cycles. This ‘Tomorrow’s World’ approach sits at the core of our investment process and business operations, informing our long-term view of real estate investments for the enduring benefit of both clients and society.
The Nuveen Real Estate team is seeking to add a Director to support the Loan Closing Team. The successful candidate must be willing to work out of New York, San Francisco, Chicago or Newport Beach. This person 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:
Negotiate loan document business terms and participate on closing checklist calls with borrowers, and external and internal business partners.
Prepare DSCR analyses, closing memos, Asset Summary Reports, and verify compliance with company procedures andprepare loan modification memos.
Review leases, estoppels, SNDAs, zoning reports, appraisal, engineering and environmental reports.
Review and approve property inspection reports prior to loanclosings.
Review settlement statement to ensure all fees and expenses are accurate and documented.
Monitor and administer post-closing obligations, trigger events and loancovenants.
Oversee construction loan drawpackages.
Work with the Surveillance/Asset Management to ensure smooth transition of theasset after closing.
Bachelor’s degree in Finance or Real Estate. Other majors considered dependingupon experience.
Minimum ten years of commercial real estate loan closingexperience.
Strongknowledge of senior and subordinated transitional floating debt, andconstruction loanstructures
Stronganalytical, written, and verbalskills
Master’s Degree or CFA a plus.
Capable of balancing multiple priorities whiledelivering quality product.
Highly organized, detail oriented, self-motivatedteam player with positive work ethic and comfort working independently in afast paced, demanding environment.
Willing to travel as needed to assist in propertyrelated and investment related analysis and decision making.
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We are an Equal Opportunity/Affirmative Action Employer. We will consider all qualified applicants for employment regardless of age, race, color, national origin, sex, religion, veteran status, disability, sexual orientation, gender identity, or any other legally protected status.
- Requisition ID: 1718346
Field: Investment Management
Post Date: Mar 27, 2019
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