Transaction Coordinator
About the role
Consider a career with Hammes if you are interested in being a part of a dynamic and entrepreneurial environment! We have been recognized as one of the Best Places to Work in Healthcare by Modern Healthcare. Founded in 1991, Hammes is a vertically integrated real estate solutions platform. Our capabilities include real estate strategy and planning, project management, development, investment and property management for healthcare clients and other leading institutions. Hammes is consistently ranked as one of the nation’s top healthcare developers by both Modern Healthcare’s Construction & Design Survey and Revista’s Outpatient Healthcare Real Estate Development Report. The Transaction Coordinator will serve as an integral part of the team by coordinating all due diligence activities related to pending transactions and facilitating timely sourcing and closing of investments. This position will have direct participation in the investment process and will work closely with the Company’s leadership.
Responsibilities
- Assist with key elements of acquisition, disposition, leasing and financing transactions, including due diligence, estoppel certificates, SNDAs, title and survey review, closing document preparation and closing logistics.
- Assist Capital Markets team with the sourcing, documentation, and closing of construction and permanent financings.
- Assist Capital Markets team in determining and documenting the strategy behind each debt execution. Work with third-party consultants to define hedging strategies associated with each debt execution.
- Through direct outreach and the brokerage community, assist in establishing new lending relationships.
- Create and maintain a lender database that profiles lenders within the marketplace including those with whom the firm has previously done business before as well as those that the firm has targeted as prospects.
- Maintain sourcing logs for each debt execution and drive procurement processes from the creation of financing packages through the procurement and negotiation of term sheets.
- Assist in managing and driving loan assumption processes in connection with the monetization of investments.
- Work collaboratively with the Firm’s investment professionals to create compelling A&D, construction and permanent loan financing packages to be marketed to the lending community leading to successful loan procurement executions for all development opportunities.
- Support the coordination of development projects through assisting in areas such as: assist development personnel and investment associates in the preparation of feasibility study reports; review project cost control and approve monthly draws and invoicing; approve all change orders for each development or adaptive reuse project; review monthly development asset management reports; assist Development personnel in documenting architectural, engineering, and general contractor agreements; work with investment origination and capital markets teams to conceptualize capitalization strategies, structure and model investment transactions and finance development opportunities; assist Firm’s capital markets professionals in documenting and closing A&D, construction and permanent loans pertaining to development-oriented investments; work with the Firm’s operations team to ensure that all elements of the capital stack are readily available to seamlessly close development transactions; oversee a variety of lender due-diligence and documentation functions; review development oriented monthly asset management reports prepared by affiliated or third-party project managers.
- Negotiate purchase and sales agreements with internal and external counsel.
- Engage third party service providers for PCR, Phase I, lease abstracting, survey, title, and zoning. Follow up on issues uncovered.
- Review sales contracts, insurance certificates, property condition reports, environmental reports, estoppels, and related documents.
- Prepare real estate closing packages and review closing statements.
- Work with selling parties to ensure receipt of all necessary