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Description:
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Description:
We are looking for an experienced and detail-oriented Creditors Rights Counsel to join our team! The Creditors Rights Counsel will provide legal support and strategic guidance on distressed and non-performing real estate loan assets. This role focuses on legal strategies for non-performing and underperforming real estate loans, including workouts, enforcement actions, loan modifications, and collateral recovery. This role will include internal management and outside counsel oversight on such matters. The ideal candidate will work closely with special assets, servicing, and risk teams to mitigate losses and protect the company's legal and financial interests. Builders Capital is the nation's leading private construction lender, providing innovative financing solutions to professional homebuilders. We are committed to empowering our clients with the capital and expertise they need to succeed in the dynamic residential construction market.
What You'll Do:
Lead legal in assessing and restructuring distressed and non-performing loans and enforcing lender rights under loan documents and applicable law. Evaluate loan documentation to identify enforcement options, collateral rights, and default remedies. Lead legal in assessing and restructuring distressed and non-performing loans and enforcing lender rights under loan documents and applicable law. Draft, review, and negotiate workout and enforcement documents such as forbearance agreements, loan modification agreements, deeds-in-lieu, and settlement agreements. Lead legal oversight of foreclosure proceedings, loan enforcement actions, and REO (real estate owned) asset recoveries. Coordinate and manage outside counsel in judicial and non-judicial foreclosure, bankruptcy, and litigation matters. Lead legal in disposition strategies for loan collateral, including legal aspects of REO sales. Provide legal input on credit risk, borrower negotiations, and collateral evaluations. Ensure compliance with federal, state, and local laws affecting real estate lending, enforcement, and collections. Assist on special projects, as needed.
