Builders Capital

General Counsel

• Provide legal support and strategic guidance on distressed and non-performing real estate loan assets
• Lead legal assessment and restructuring of distressed and non-performing loans
• Enforce lender rights under loan documents and applicable law
• Evaluate loan documentation to identify enforcement options, collateral rights, and default remedies
• Draft, review, and negotiate forbearance agreements, loan modification agreements, deeds-in-lieu, and settlement agreements
• Oversee foreclosure proceedings, loan enforcement actions, and REO asset recoveries
• Coordinate and manage outside counsel in foreclosure, bankruptcy, and litigation matters
• Lead legal disposition strategies for loan collateral, including 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
• Manage internal matters and outside counsel oversight
• Collaborate with special assets, servicing, and risk teams to mitigate losses and protect the company’s legal and financial interests
• Assist on special projects as needed

Creditors Rights Counsel

• Partner with the Loan Production Team to ensure loans are properly perfected across multiple jurisdictions while delivering a first-class client experience.
• Review, distribute, and occasionally prepare complex loan documents, including Loan Agreements, Mortgages, Deeds of Trust, and related legal instruments.
• Negotiate and finalize loan terms to align with credit approvals and internal requirements; draft ancillary documents such as Subordination Agreements and Corporate Resolutions.
• Prepare, review, and distribute legal documents, including Loan Discharges, Assignments, Extensions, UCC filings, and additional signed instruments.
• Conduct title reviews to confirm first lien positions on all loans.
• Coordinate with Title Companies to ensure accurate recording, filing, and finalization of title policies.
• Collaborate with internal teams to meet tight deadlines and ensure smooth loan closings.
• Complete final review of all closing document packages.
• Draft and review ad hoc updates or enhancements to loan documentation as needed, escalating issues when appropriate.
• Review borrowing entity documents and confirm execution authority.
• Manage a high-volume workload independently while maintaining accuracy and attention to detail.
• Support cross-departmental legal needs on an ad hoc basis.

Corporate Counsel

Associate

• Service and manage a portfolio of non-performing and high-risk Residential Transitional Loans and construction loans, including pre-workout, downgraded, defaulted, and legally involved loans.
• Manage and resolve special assets through borrower rehabilitation, loan modification, foreclosure, sale, or liquidation.
• Develop and execute workout strategies based on borrower capacity, project status, collateral condition, and market dynamics.
• Analyze problem loans, identify risks, assess collateral and exit viability, and recommend resolution strategies.
• Evaluate workout options including modifications, extensions, interest reserve adjustments, liquidation, legal action, receivership, foreclosure, deed-in-lieu, OREO disposition, and guaranty or credit-enhancement pursuit.
• Calculate and recommend impairment reserves and charge-offs under GAAP, company policy, and applicable regulatory guidance.
• Recommend policy and procedure enhancements for problem loans, impairment methodology, and workout best practices.
• Manage OREO assets, including 4-6 unit residential properties under renovation or stabilization; coordinate valuations, property management, and dispositions.
• Evaluate collateral value, construction progress, loan documentation, borrower financials, and guarantor strength.
• Execute strategies to reduce non-performing assets while balancing losses, carrying costs, market conditions, and administrative expenses.
• Present workout and exit strategies to management and capital partners.
• Maintain risk ratings, accrual status, and Problem Loan Reports for problem loans.
• Monitor housing market trends, construction costs, liquidity conditions, and investor demand.
• Perform other duties supporting the Special Assets function and lending platform.

Special Assets Associate

Loan Officer

• Oversee and manage a portfolio of non-performing, distressed, and high-risk Residential Transitional Loans and construction loans
• Evaluate, manage, and resolve complex special assets through borrower rehabilitation, loan modification, foreclosure, sale, liquidation, or other resolution strategies
• Develop, implement, and refine workout strategies based on borrower capacity, project status, collateral condition, market dynamics, legal considerations, and risk exposure
• Lead reviews of problem loans, identify emerging risks, evaluate collateral and exit viability, and determine resolution strategies
• Evaluate workout alternatives and recommend loan modifications, extensions, interest reserve adjustments, collateral liquidation, legal action, receivership, foreclosure, deed-in-lieu, OREO disposition, guaranties, and other credit enhancements
• Analyze and recommend impairment reserves and charge-offs in accordance with GAAP, company policy, and regulatory guidance
• Present workout recommendations, risk assessments, and resolution strategies to senior management and capital partners
• Support and guide junior Special Assets team members on loan analysis, workout strategies, negotiations, documentation, and resolution processes
• Oversee OREO assets, including 4-6 unit residential properties under renovation or stabilization; coordinate valuations, property management, construction oversight, and dispositions
• Evaluate collateral value, construction progress, loan documentation, borrower financials, guarantor strength, and project feasibility
• Lead negotiations with borrowers, guarantors, attorneys, brokers, property managers, and other stakeholders
• Maintain oversight of risk ratings, accrual status, Problem Loan Reports, and portfolio reporting
• Monitor housing market conditions, construction costs, liquidity, interest rates, property values, and investor demand
• Collaborate with Legal, Servicing, Production, Underwriting, Asset Management, and other internal teams
• Identify portfolio trends and recommend risk mitigation, process improvements, and performance improvements to leadership
• Exercise independent judgment on distressed credits and escalate significant risks and material strategy changes
• Represent Special Assets in internal and external meetings
• Assist with strategic initiatives, department goals, processes, and best practices

Creditors Rights Counsel

Corporate Counsel

Special Assets Associate

Senior Special Assets Loan Officer