Law Clerk

Overview

Legal Clerk — Downtown Toronto

Our outstanding client, a thriving and growing Investment Fund Manager and Commercial Mortgage Leader, located in downtown Toronto, close to Union Station is growing! They are looking for a Legal Clerk to join its team!

In this role the candidate will perform a variety of tasks in connection with funding loans on commercial properties located nationally and across all asset classes.

Responsibilities

• Preparing and negotiating letters of intent/commitment letters in compliance with credit requirements
• Understanding, negotiating, and assisting with drafting of loan documents including intercreditor and syndication documents, postponement and priority agreements, and other related legal documents
• Engaging service providers to complete property and legal due diligence
• Preparing introductory letters to borrowers with checklists and due diligence documents
• Reviewing tenant estoppel and related documents
• Providing support to borrowers and originators/underwriters by initiating requests for information and documentation concerning the closing of each loan file
• Working closely with borrowers on closing their mortgage loan
• Working with all third-party service providers to facilitate each loan closing file
• Reviewing loan documents and legal due diligence packages
• Receiving and forwarding insurance policies for review by insurance consultant
• Completing anti-money laundering due diligence and documentation
• Working with the underwriting and origination teams to ensure that loan due diligence has been completed in preparation for closing, including ensuring all escrow and reserve requirements are included in the final mortgage loan closing statement
• Reviewing and/or preparing closing documents and providing instructions to legal counsel in negotiation of loan documents
• Reviewing documentation to ensure that conditions are cleared to close
• Preparing and balancing closing numbers, requisitioning funds and arranging funding wires
• Checking that disclosure tolerances are within guidelines and assuring that all procedures meet internal and investor requirements as well as compliance to all regulatory and governmental agencies
• Reconciliation of mortgage loan files

Qualifications

• Minimum of 3+ years of experience working closely with commercial mortgages with a lender or a law firm
• Ability to work independently and handle multiple priorities
• Ability to handle a heavy workload at times
• Extremely organized
• A client-service mindset
• Strong individual contributor and always open to support and work within the team
• Must have computer skills in Microsoft suite
• Basic accounting knowledge
• Knowledge of syndicated loans and FSRA disclosure requirements is considered an asset
• Knowledge of intercreditor agreements and understanding priority clauses is considered an asset

Interested candidates should apply today! We thank all applicants for their interest in this role however only those candidates selected for an interview will be contacted. Thank you for your interest in Linds & Associates Ltd.