Associate, Real Estate Closing

 

Location Designation: Hybrid - 1 day per quarter 

 

About New York Life Investments

 

With over $800 billion in assets under management, NYLIM is a Pensions & Investments' Top 30 Largest Money Manager and one of the largest global asset managers serving institutional, retail and insurance clients. NYLIM brings together the firm’s global investment teams under one unified brand, combining specialized expertise with the strength and stability of New York Life.

Our platform is built on disciplined active management, deep investment capabilities and a long-term partnership approach designed to deliver enduring value across market cycles and help clients navigate the next era of investing.

More powerful, together, we combine the agility of specialized investment teams with the scale and longevity of a leading mutual institution.

 

Business Overview

 

New York Life Real Estate Investors (NYL REI) is the real estate investment platform within New York Life Investment Management. With over $73.2 billion in assets under management as of December 31, 2025, NYL REI invests across real estate equity, debt and securities strategies, serving institutional investors and the New York Life General Account.

 

Leveraging more than a century of real estate investment experience,

New York Life Real Estate Investors (“REI”) believes that investment principles which incorporate sustainability best practices promote favorable relative returns for our clients over the long term.

 

New York Life Real Estate Investors is seeking an associate to join its Commercial Real Estate Closing team.  This role is remote and required to be in the New York office 1 day per quarter.  The position works closely with loan underwriters, borrowers, brokers, legal counsels, and third parties to facilitate the efficient closing of each transaction while ensuring all underwriting and closing requirements are met.

 

 

What You’ll Do:

 

Loan Application & Commitment Coordination:

 

• Collaborate with loan originators to facilitate the preparation, negotiation, and execution of real estate loan application commitments and term sheets.
• Transaction types include mortgage, mezzanine, co-lending, portfolio, construction, hotel, bridge, and complex structured loans.
• Reviewing and negotiating loan documents in coordination with internal legal counsel, external local counsel, borrower’s counsel, and other relevant stakeholders.
• Ensuring timely receipt and review of all required due diligence materials (e.g., property reports, title and survey, tenant lease documentation, insurance certificates)

 

 

Manage disbursement activities by:

 

• Preparing fee reconciliation, reviewing and approving settlement statements.
• Directing the allocation of funds due to the Company (e.g., escrowed deposits, holdbacks, fees) and coordinating payment of related expenses (e.g., legal, third-party costs).

 

 

Property Acquisition and Disposition Closing Management

 

• Prepare entity formation documents and coordinate lien searches
• Order title commitment and coordinate survey requirements
• Coordinate execution of closing documents
• Maintain tickler to ensure closing deliverables are timely
• Coordinate with accounting team and asset management team to reconcile fees and funding sources

 

 

Transaction Management System Oversight

• Utilize the Department’s real estate transaction management platform to:
• Maintain accurate and complete data for each transaction.
• Ensure all required internal approvals (underwriting, due diligence, investment committee) are secured pre-closing.
• Facilitate a smooth handoff of closed loans to the loan management and asset management division.

 

Project & Initiative Involvement

• Contribute to departmental and divisional special projects as needed.

 

 

What You’ll Bring:

• Bachelor’s degree in Finance, Real Estate, or a related