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Builders Capital · 3 weeks ago

Principal Creditors Rights Counsel

United States

Full-time

Remote

Lead/Staff

Builders Capital is the nation's leading private construction lender, providing innovative financing solutions to professional homebuilders. The Principal Creditors Rights Counsel will provide legal support and strategic guidance on distressed and non-performing real estate loan assets, focusing on legal strategies for workouts, enforcement actions, and collateral recovery.

ConsultingFinancial ServicesReal EstateReal Estate Investment

Responsibilities

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

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

Qualification

Legal expertiseLoan restructuringForeclosure proceedingsReal estate lawNegotiation skills

Required

Experience in assessing and restructuring distressed and non-performing loans

Knowledge of lender rights under loan documents and applicable law

Ability to evaluate loan documentation to identify enforcement options, collateral rights, and default remedies

Experience in drafting, reviewing, and negotiating workout and enforcement documents such as forbearance agreements, loan modification agreements, deeds-in-lieu, and settlement agreements

Experience in overseeing foreclosure proceedings, loan enforcement actions, and REO (real estate owned) asset recoveries

Ability to coordinate and manage outside counsel in judicial and non-judicial foreclosure, bankruptcy, and litigation matters

Experience in developing disposition strategies for loan collateral, including legal aspects of REO sales

Ability to provide legal input on credit risk, borrower negotiations, and collateral evaluations

Knowledge of compliance with federal, state, and local laws affecting real estate lending, enforcement, and collections