Associate, Real Estate Closing

New York Life•New York, NY

1d•$75,000 - $106,500•Remote

About The Position

New York Life Real Estate Investors (NYL REI) is the real estate investment platform within New York Life Investment Management. With over $73.2 billion in assets under management as of December 31, 2025, NYL REI invests across real estate equity, debt and securities strategies, serving institutional investors and the New York Life General Account. Leveraging more than a century of real estate investment experience, New York Life Real Estate Investors (“REI”) believes that investment principles which incorporate sustainability best practices promote favorable relative returns for our clients over the long term. New York Life Real Estate Investors is seeking an associate to join its Commercial Real Estate Closing team. This role is remote and required to be in the New York office 1 day per quarter. The position works closely with loan underwriters, borrowers, brokers, legal counsels, and third parties to facilitate the efficient closing of each transaction while ensuring all underwriting and closing requirements are met.

Requirements

Bachelor’s degree in Finance, Real Estate, or a related field.
Demonstrated experience in commercial real estate financing, with a solid understanding of the loan closing process, acquisitions, dispositions, relevant legal considerations, and the business analysis supporting each transaction.
Strong organizational, written, and verbal communication skills.
Highly self-motivated with the ability to prioritize and manage multiple assignments effectively in a fast-paced environment.
Proficient in Microsoft Office Suite (Word, Excel, Outlook, PowerPoint).

Nice To Haves

Commercial Real Estate Paralegal experience strongly preferred.

Responsibilities

Collaborate with loan originators to facilitate the preparation, negotiation, and execution of real estate loan application commitments and term sheets.
Reviewing and negotiating loan documents in coordination with internal legal counsel, external local counsel, borrower’s counsel, and other relevant stakeholders.
Ensuring timely receipt and review of all required due diligence materials (e.g., property reports, title and survey, tenant lease documentation, insurance certificates)
Preparing fee reconciliation, reviewing and approving settlement statements.
Directing the allocation of funds due to the Company (e.g., escrowed deposits, holdbacks, fees) and coordinating payment of related expenses (e.g., legal, third-party costs).
Prepare entity formation documents and coordinate lien searches
Order title commitment and coordinate survey requirements
Coordinate execution of closing documents
Maintain tickler to ensure closing deliverables are timely
Coordinate with accounting team and asset management team to reconcile fees and funding sources
Utilize the Department’s real estate transaction management platform to maintain accurate and complete data for each transaction.
Ensure all required internal approvals (underwriting, due diligence, investment committee) are secured pre-closing.
Facilitate a smooth handoff of closed loans to the loan management and asset management division.
Contribute to departmental and divisional special projects as needed.