Associate General Counsel- Multifamily Real Estate

Freddie Mac • McLean, VA

83d • $224,000 - $336,000

About The Position

At Freddie Mac, our mission of Making Home Possible is what motivates us, and it’s at the core of everything we do. Since our charter in 1970, we have made home possible for more than 90 million families across the country. Join an organization where your work contributes to a greater purpose. The Multifamily Real Estate Department of the Legal Division of Freddie Mac is seeking an attorney to join the team as an Associate General Counsel. This role will provide legal advice and counsel on a wide range of transactions and other matters related to the Multifamily Division’s business. We are seeking an attorney with a background in commercial real estate finance to work in a vibrant and collaborative environment! Legal Multifamily Real Estate is critical to the Division’s success in carrying out its mission to provide liquidity, stability, and affordability for the nation’s rental housing market. We support this important mission through a broad range of legal work, including loan production, underwriting, and related activities; structured transactions; securitization; asset management and operation matters; and asset resolution.

Requirements

• Juris Doctor (JD) degree.
• Membership in good standing in a state Bar.
• Minimum 10 years of legal experience in commercial and/or multifamily real estate finance transactions with a law firm or corporate law department.
• Experience with NY commercial real estate transactions preferred, including rent stabilization, Section 421(A) tax abatement/exemptions, lease/lease-back transactions with Industrial Development Agencies (IDAs), inclusionary housing regulatory agreements.
• Strong legal analytical and writing skills.
• Knowledge of the customary legal relationships, legal issues, and closing practices required for commercial and/or multifamily real estate transactions.
• Familiarity with common commercial real estate lender-borrower issues and the ability to negotiate resolution of the same.
• Experience with Agency/secondary multifamily mortgage market/commercial mortgage-backed securities (CMBS).

Responsibilities

• Serve as legal counsel for Freddie Mac’s purchase and/or servicing of multifamily loans.
• Negotiate contracts/commitments, loan documents, and other transaction documents.
• Review and analyze legal issues in connection with loan purchases, servicing transactions and other multifamily asset management and operational matters.
• Conduct due diligence of real estate matters in connection with structured transactions or securitization.
• Coordinate and manage outside counsel support.
• Support multifamily client on coordination with regulatory and governmental affairs, including interaction with FHFA and congressional inquiries.
• Collaborate with peers across the legal division.
• Initiate and develop product improvements and development loan documents and forms.
• Update Guide and credit policy costing and pricing matters.
• Handle lender approvals and other counterparty matters.
• Conduct multifamily research, marketing, and communications.
• Develop risk management strategies for all aspects of the multifamily business.
• Improve both legal and non-legal processes to increase efficiency and reduce costs across the multifamily business.
• Train multifamily client and peers on matters relating to multifamily loans and securities.
• Create and maintain effective relationships with business clients, lenders, and lawyers for those lenders.
• Draft well-structured, complete and concise correspondence, legal analyses and documents for internal and external purposes.

Benefits

• Competitive compensation.
• Market-leading benefit programs.
• Annual incentive program.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Education Level: Bachelor's degree
• Number of Employees: 5,001-10,000 employees