Paralegal - HUD 232 Loan and Real Estate Transactions

Ice Miller LLP • Full-time • Philadelphia, Pennsylvania, United States • $80k - $120k / year • 2h ago

Job Summary:

Ice Miller, LLP is seeking an experienced HUD loan and real estate transaction paralegal to join our team. The paralegal must have subject matter experience as further explained below, and must be capable of working in a fast-paced, multi-location environment with time-sensitive materials, and maintain strict confidentiality due to the nature of the position. It is anticipated that HUD loan work will be the majority of what this paralegal works on, with traditional real estate transaction management duties comprising the remaining workload. ***This position requires previous HUD 232 experience.***

***Salary in the range of $80,000 - $120,000 dependent on location and experience level***

Essential Job Duties:

Hud Loan Duties (65%-80%):

▪Draft borrower and operator side deliverables for HUD 232 loans, including organizational

documents, lease memoranda, addenda and estoppels, and management agreement

addenda

▪Communicate directly with client and lender’s counsel to coordinate delivery of all

information required for HUD 232 application submissions

▪Coordinate closing process for HUD 232 loans with client, title company, and lender

Transaction Management Duties (20%-35%):

▪Review real estate due diligence for finance, acquisition, and disposition transactions

▪Critically review title reports and policies, including underlying documentation support,

for property ownership, encumbrances, and other pertinent “checklist” items; discuss,

negotiate, and manage title curative items with title agents; draft, deliver, and negotiate

title objection letters under supervision of supervising attorney

▪Draft corporate organizational documentation including LLC and LP agreements and file

with appropriate jurisdiction

▪Draft lease abstracts

▪Work closely with attorneys, title companies, lenders, and real estate agents to facilitate

real estate closings by anticipated closing dates

▪Draft, track, and manage timetables for multiple real estate transactions simultaneously

Minimum Requirements:

▪Bachelor's degree required; paralegal certificate a plus

▪Understanding of HUD loans and the process involved as well as experience are required

▪Understanding of real estate terminology

▪Understanding of and experience with real estate transaction management

▪Strong organizational skills and exceptional attention to detail required

▪Demonstrated commitment delivering quality legal services

▪Ability to work in a fast-paced environment and coordinate multiple projects

simultaneously

▪Exhibits resourcefulness and flexibility

▪Demonstrates analytical and critical thinking skills

▪Ability to take initiative and complete tasks

▪Must be able to perform all essential job duties

Other Requirements:

The requirements described below are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Equipment Operated:

This position requires extensive use of a computer and telephone. This position also requires the use of printing, copying, faxing and scanning equipment.

Physical Requirements:

While performing the duties of this job, the employee is occasionally required to sit; stand; talk; see; and hear.

Mental Requirements:

Ability to communicate effectively, verbally and in writing, with a diverse group of people.

Work Environment:

While performing the duties of this job, the employee may be exposed to weather conditions while traveling. The noise level in the work environment is usually moderate.

The above statements are intended to describe the general nature and level of work being performed in this position. They are not to be construed as an exhaustive list of all responsibilities, duties, and skills required of personnel so classified. All personnel may be required to perform duties outside of their normal responsibilities from time to time. Nothing in this job description restricts management’s right to assign or reassign duties and responsibilities to this job at any time.

Benefits provided include: Paid time off, Health insurance, Vision and Dental Insurance, 401k (with an employer match), life insurance, and many others. Please reach out for a comprehensive list of benefits provided.

Ice Miller is committed to recruiting, developing and retaining talented attorneys and professional staff from all backgrounds. To succeed, we take great pride in a culture where everyone at Ice Miller feels respected, is treated fairly and has the opportunity to perform to their highest potential.

Candidates must have permanent authorization to work in the United States.

Ice Miller LLP is an Equal Opportunity Employer.

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