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Real Estate Human Resource

Location:
Chatsworth, CA
Posted:
February 05, 2024

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Resume:

ILEANA ELMASYAN ad3diq@r.postjobfree.com

Mobile: 818-***-**** Chatsworth, CA 91311

PROFESSIONAL EXPERIENCE

REAL ESTATE PARALEGAL 10/2021 – 07/2022

Allen Matkins Leck Gamble Mallory & Natsis LLP (Real Estate Group), Los Angeles, California

Coordinated commercial real estate transactions with pre-closing, closing and post-closing; Coordinated closings;

Managed due diligence transactional documentation: organizational, acquisition, disposition, title, and survey;

Reviewed Title Pro-Forma Policies (Lender and Owner), Title Commitments, Title Exceptions and Title Policies;

Prepared Title Summaries and Title Objection Letters requesting removal of title exceptions and title endorsements for title exceptions; Reviewed Judgments and Lien Searches;

Reviewed Settlement Statements; Drafted closing Escrow Instruction Letters; Obtained recorded documents;

Reviewed ALTA/ACSM Surveys; Requested legal description, zoning, flood zone and certification revisions;

Prepared Purchase and Sale Agreements (PSA), Amendments, Assignments Of PSA, commercial and residential Leases, and Title Approval Letters; Prepared Lease Abstracts; Analyzed Land Use Regulation and Zoning;

Drafted and reviewed Organizational/Corporate documents: Certificates of Formation, Limited Liability Company Operating Agreements, Amendments to formation documents and Organizational Charts;

Prepared Loan and Assumption Documents, SNDA, Estoppels Certificates, Resolutions, Consents and Opinions;

Filed and registered Formation Documents; Obtained Good Standing Certificates; Reviewed certified organization documents; Prepare dand obtain Employer Identification Number (EIN) for newly formed entities;

Ordered and reviewed Zoning Reports; Reviewed Appraisal, Market Study, Property Condition Reports, Management Agreement, Development Agreement, Construction, Architect and Engineer contracts;

Assembled Closing Package documents, UCC1 Financing Statements, Amendments, Assignments, and Terminations; Prepared Closing Binders, signature page documents; Coordinated signing of documents;

Prepared and maintained closing checklists redline checklist; prepare key dates checklist for purchase agreements.

REAL ESTATE PARALEGAL (Hybrid) 04/2021 – 10/2021

Eisner, LLP (Real Estate Group), Beverly Hills, California

Assisted finance and purchase and sale real estate transaction with pre-closing, closing and post-closing;

Managed due diligence transactional documentation: organizational, acquisition and disposition, title, survey, property, and construction;

Drafted and reviewed organizational/corporate documents: certificates of formation, limited liability company operating agreements, amendments to formation documents and organizational charts;

Ordered filing of formation documents with Secretaries of State and good standing certificates;

Prepared SS-4 forms and process Employer Identification Number (EIN) via IRS website;

Reviewed title commitments and title exceptions; Prepared Title summaries and Title Objection Letters requesting removal of title exceptions and title endorsements; Draft closing Escrow Instruction Letters;

Requested and negotiated title pro-forma and obtained title policy; Reviewed settlement statements and invoices;

Reviewed ALTA/ACSM Surveys; Requested legal description, zoning, flood zone and certification revisions;

Drafted Purchase and Sale Agreements, Amendments and Assignment (purchase agreements), commercial and residential leases; SNDA, Tenant Estoppels, Loan documents, Authorizing resolutions, Consents and Opinions;

Reviewed zoning reports; appraisal, market study, property condition reports, management agreement, development agreement, construction, architect and engineer contracts, and rent rolls;

Prepared closing package documents, UCC financing statements and termination and closing binders;

Prepared transactional closing checklists, key dates checklist for purchase and sale agreements;

Prepared New Matter Memos, Engagement Agreements; Schedule and calendar meetings/calls; Prepared expense reimbursement reports, request cost approvals and credit card requests; Process conflict searches in Omega;

Organized and filed all documents in IManage and internal real estate folders.

SENIOR LOAN ADMINISTRATOR III, AVP 01/2020– 04/2021

U.S. Bank, N.A. (Community Lending Division), Los Angeles, California

Coordinated legal activities for major commercial middle market real estate ((LIHTC) construction and land loans (4% and 9% transactions); Managed of moderate loan portfolio and analyzed portfolio of loans’ activity;

Documented real estate loans, modifications, Option to extend, Letter of Credit, Line of Credit, CCRC conversions; Drafted, and reviewing legal documentation associates with secured/unsecured loans;

Analyzed preliminary title reports/pro-forma including exceptions’ documents and ALTA/ACSM Surveys; Obtained proper endorsements and loan policy; Drafted escrow instruction letter;

Evaluated formation documents, resolutions/closing certificates, development, management, construction, architectural and engineering agreements; Leases, Assignments in conjunction with these agreements;

Assessed legal issues through accurate documentation; evaluated risks and propose effective alternatives to mitigate the risk to bank’s collateral appropriately address issues through accurate documentation;

Reviewed and verified documents prior to funding; recommended funding based upon receipt of completed documents, ensured compliance with all conditions of loan approval.; Audited loan files; reviewed leases;

Acted as a liaison with relationship managers, relationship associates or loan administration managers interfaced with escrow and title to coordinate loan closing; distributed documents to all parties;

Prepared budget for construction loans; Perform KYC, OFAC, Flood Certification, insurance documentation.

LOAN DOCUMENT ADMINISTRATOR III, AVP 01/2018 – 10/2019

City National Bank, N.A. (Commercial Real Estate Group) Los Angeles, California

Documented loan documents for commercial real estate transactions: Construction, Bridge, Mini-Perm, Term loans, Secured Lines of Credit, Unsecured lines of credits, Modifications, Additional Advances, & Lines;

Reviewed internal and legal documentation; Assessed all necessary information to prepare adequate loan documents;

Prepared derivatives documentation (SWAP): ISDA 2002 Master Agreement, Schedule, Disclosure; Subordination and Non-Disturbance Agreement, Tenant Estoppels and Trust Certifications, and Lease Abstract;

Analyzed preliminary title reports/pro-forma including exceptions’ documents and ALTA/ACSM Surveys; Obtain proper endorsements and ALTA loan title policy; Draft escrow instruction letter; interfaced with escrow and title;

Evaluate and assess organizational, development, management, construction documentation, and leases (ground);

Assess legal issues through accurate documentation; evaluated risks and propose effective alternatives to mitigate the risk to bank’s collateral appropriately address issues through accurate documentation;

Set up development budget for construction and tenant improvement loans in Accudraw; Distribute documents;

Analyze third party reports: Appraisal, Phase 1 Environmental, Property Condition, Probable Maximum Loss;

Coordinate loan closing, Ensure loan documents are properly executed prior to funding; Audit loan files;

Ensure compliance with Real Estate Loan Analysis Report (RELAR) and credit memorandum;

Perfection of collateral: Loan documentation, Security Agreement, UCC filings; Prepare boarding packages;

Act as a liaison with internal and external parties (Counsels, Title and Escrow companies, Relationship Managers, Credit underwriters) by providing support services in loan documentation; Coordinate loan analysis meetings.

LOAN ADMINISTRATOR III, AVP 01/2017 – 12/2017

Boston Private Bank and Trust, (Commercial Real Estate Group) Los Angeles, California

Coordinated legal activities for major commercial real estate loans (Multifamily, Office and Retail); Construction and Permanent loans; Secured / Unsecured loans, Modification, Letter of Credit, Line of Credit, Option to Extend;

Managed loan portfolio and analyzed portfolio of loans’ activity;

Reviewed internal and legal documentation, organizational and financial documentation of project’s entities;

Analyzed preliminary title reports/pro-forma including title exceptions documents and ALTA/ACSM Surveys; Obtained title endorsements and ALTA loan title policy; drafted Escrow Instruction Letters;

Collected, evaluated and distributed due diligence documentation: Organizational and underwriting documents; development, management, construction, and leases;

Reviewed documents; verified documents are in place prior to funding; recommended funding based upon receipt of completed documents and compliance with all conditions of loan approval;

Assessed legal issues through accurate documentation; evaluated risks and propose effective alternatives to mitigate the risk to bank’s collateral appropriately; addressed issues through accurate documentation;

Audited loan files; reviewed leases (including ground leases); distributed documents to all parties;

Acted as a liaison with relationship managers, relationship associates, title and escrow companies, outside counsels by providing support services in loan documentation and developers.

CREDIT SUPPORT ASSOCIATE II, AVP 02/2014 –04/2016

Bank of America, N.A., (Commercial Real Estate Banking Department) Los Angeles, California

Managed moderate to complex portfolio of commercial real estate loans and treasury products (corporate cards, blocked accounts) ensuring adherence to credit policy and procedure and regulatory guidelines;

Responsible of end-to end credit management process supporting Credit Product Team and Client Managers; Acted as credit liaison between Client, Client Team and Business Partners;

Facilitated credit origination, closing and renewals of commercial credit, handle coordination of approvals, review legal documentation ensuring credit compliance of financial documentation;

Monitored credit compliance, resolution of documentation and collateral exceptions; assess operational risk;

Collected financial information, resolved documentation; Managed collateral, past due exceptions and credit servicing problem resolution;

Assisted with project covenants testing, loan service test (LSR), annual reviews and risk rating scorecards.

LOAN ADMINISTRATOR II, AVP 12/2006 – 11/2009

Wells Fargo Bank, N.A, (Community Lending Division), Los Angeles, California

Coordinated legal activities for major commercial middle market real estate ((LIHTC) construction and land loans (4% and 9% transactions); Managed of moderate loan portfolio and analyzed portfolio of loans’ activity;

Documented real estate loans, modifications, Option to extend, Letter of Credit, Line of Credit, CCRC conversions; Drafted, and reviewing legal documentation associates with secured/unsecured loans;

Analyzed preliminary title reports/pro-forma including exceptions’ documents and ALTA/ACSM Surveys; Obtained proper endorsement and loan policy; Drafted Escrow Instruction Letters;

Evaluated formation documents, resolutions/closing certificates, development, management, construction, architectural and engineering agreements; Leases, Assignments in conjunction with these agreements;

Assessed legal issues through accurate documentation; evaluated risks and propose effective alternatives to mitigate the risk to bank’s collateral appropriately address issues through accurate documentation;

Reviewed and verified documents prior to funding; recommended funding based upon receipt of completed documents, ensured compliance with all conditions of loan approval.; Audited loan files; reviewed leases;

Acted as a liaison with relationship managers, relationship associates or loan administration managers interfaced with escrow and title to coordinate loan closing; distributed documents to all parties.

EDUCATION

BACHELOR OF SCIENCE, Northridge California State University, CA (graduated June, 2018)

Business Administration: Major Real Estate; Minor: Finance

ASSOCIATE OF ARTS, PARALEGAL STUDIES – West Los Angeles College, CA (graduated June, 2023)

PARALEGAL CERTIFICATE– West Los Angeles College (graduated June, 2023)

CERTIFICATE OF COMPLETION – PARALEGAL STUDENT MASTERY OF LEXIS

TECHNICAL SKILLS AND PROFESSIONAL QUALIFICATIONS

IManage, NetDocs, DocuSign, AIR, Omega, Sharepoint, Microsoft Word, Excel, Outlook and Powerpoint;

Awareness – CA and Federal Loan document regulations; Advance real estate terminology and documentation

Knowledge of real estate credit loan policies and procedure, RESPA FFDCPA, GLBA, federal and state laws

Strong Analytical skills, Detail-oriented, Assertiveness, Initiative, Reliability, Ethical, Team player.

Keyboard 60-65 wpm with accuracy; Bilingual English and Romanian; Accudraw, Autodocs



Contact this candidate