Associate Legal Counsel

The Momentus Capital branded family of organizations - which includes Capital Impact Partners, CDC Small Business Finance, and Ventures Lending Technologies - is transforming how capital and investments flow into communities to provide people access to the capital and opportunities they deserve. We are working to reinvent traditional financial systems that have failed to address systemic issues of inequality, economic empowerment, and the widening racial wealth gap by offering a continuum of financial, knowledge, and social capital to help local leaders build inclusive and equitable communities and create generational wealth. This includes a comprehensive package of loan products, impact investment opportunities, training and business advising programs, and technology services that advance locally-led solutions. Our suite of products and services, experience, and scope will foster equitable job creation, wealth building, and economic mobility.

Position Summary

The primary responsibility of the Associate Legal Counsel (Lending) is to provide legal services related to support the core commercial/real estate lending activities of the Momentus Capital branded family of companies, principally those of Capital Impact Partners, a nonprofit corporation and a Community Development Financial Institution certified by the United States Department of the Treasury. The Associate Legal Counsel (Lending) may also assist with other types of commercial or corporate financial transactions including mezzanine and/or preferred equity, or asset-backed financing, equity investments or joint ventures. In addition, the Associate Legal Counsel (Lending) may also assist with corporate, regulatory, compliance, employment, tax, risk management, loss mitigation, litigation or other Legal Department matters as needed.

Essential Responsibilities:

• Document, negotiate and manage all legal aspects of loan transactions from origination to closing, as well as post-closing and asset management matters, including loss mitigation, in accordance with industry standards, internal policies and procedures, relevant programmatic requirements and best legal practices
• Assist loan officers with legal issues related to proposed loan transactions, including transaction memoranda, credit committee presentations and loan commitments
• Manage or oversee transaction pipeline and reporting, including asset management matters such as loan amendments and modifications
• Draft and provide sample closing checklists and other loan closing documentation
• Conduct due diligence review and assessment of all aspects of the transaction, including collateral for each loan and organizational/corporate structure and status of borrowers and related parties. For real estate loans, this includes review and analysis of documents such as environmental reports, zoning reports, title insurance, surveys, property encumbrances and entitlements, leases, management contracts, governmental regulations and requirements.
• Manage title companies or other escrow agents and other transaction parties
• Provide instruction and advice to closing department during the closing process
• Keep accurate legal files relating to each transaction, including storage of draft and final loan documents, updated closing checklists and all due diligence items
• Engage and supervise outside counsel as needed

Requirements

• J.D., relevant state bar admission, and at least 5-7 years of experience as a practicing attorney required
• Experience negotiating and closing complex commercial real estate finance transaction in a fast-paced environment under tight deadlines
• Familiarity with the capital markets and securitization is a plus
• Proactive in identifying and resolving issues, an ability to demonstrate common sense and exercise sound judgment under a variety of circumstances
• Excellent communication, decision quality, interpersonal skills and a high level of attention to detail
• Able and willing to work collaboratively on cross-functional teams in an efficient and productive manner
• Able to understand and follow complex workflow processes and corporate policies
• Possesses an interest in and willingness to learn new skills
• Proficient in Microsoft programs (e.g., Word, Excel, PowerPoint) and Google suite (e.g., Google Docs, Sheets)

Benefits

The salary range for this position is $124,147 - $145,000 and is eligible for an annual incentive.

This role is eligible to work remotely.All employees must be legally authorized to work in the United States.  The Company will not sponsor applicants for work visas.

EEO: Momentus Capital is an equal opportunity employer committed to a diverse work force; and, as such, is fully committed to providing employment for qualified individuals, free from discrimination on the basis of race, color, religion, sex, age, sexual orientation, gender identity, national origin, disability, marital status, pregnancy, childbirth or related medical conditions, or any other protected characteristic established by applicable law.