Commercial Real Estate Paralegal Specialist

4 weeks ago

Surrey, British Columbia, Canada Arlyn Recruiting Full time
Commercial Real Estate Paralegal Job Description

Arlyn Recruiting is partnering with a top law firm to find an experienced Commercial Real Estate Paralegal to join their team. This role is a critical part of the management and organization of residential development closings and commercial real estate transactions.

Key Responsibilities:
  • Transaction Management: Organize and manage residential development closings, including maintaining trust balances, creating Excel datasheets, and preparing developer information packages.
  • Document Preparation: Prepare and draft all legal documents, correspondence, and accounts required for the completion of real estate transactions, including reviewing purchase and sale contracts.
  • Client Liaison: Liaise with clients, financial institutions, counsel, and other external parties as needed.
  • Closing Coordination: Monitor critical dates and prepare closing agendas and/or compile checklists.
  • Title Due Diligence: Conduct and review title due diligence searches, titles plans, and name searches.
  • Reporting: Draft comprehensive reporting letters to clients on all title and due diligence matters.
  • Document Review: Review tenancy agreements, service contracts, mortgages, and other documents to be used on closing.
  • Transaction Documentation: Draft transactional purchase and sale documents, including Form A Transfers, beneficial transfers, bare trust documents, notices, and directions.
  • Financial Analysis: Draft complex statements of adjustments after reviewing property tax notices, rent rolls, lease agreements, financial statements, and service contracts.
  • Correspondence: Draft all correspondence on file, including undertakings, and communicate with clients, property managers, surveyors, realtors, municipal offices, land title staff, agents, and lawyers.
  • Lender Liaison: Liaise with lender's lawyers, review commitment letters, and preconditions to funding, and arrange for and follow up on the delivery of required documents.
  • Closing Administration: Attend to electronic filing of transaction documents in the land title office, dealing with agents, and arranging meetings with other lawyers.
  • Closing Management: Manage closing transactions, including the receipt or payout of funds, clearing title, post-closing follow-up, and drafting final reporting letters and closing document books.
  • Reporting and Billing: Handle all related reporting and billing.
  • Additional Duties: Perform other duties as required.
Requirements:
  • 5+ years of experience as a real estate paralegal with a focus on land development.
  • Strong ability to prioritize and handle a high volume of work in a fast-paced environment.
  • Ability to run files from start to finish independently.
  • Strong computer skills with proficiency in relevant software.
  • Exceptional attention to detail and organizational skills.
  • Strong oral and written communication abilities.
  • Good analytical and problem-solving skills.

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