Commercial Mortgage-Backed Securities Associate Attorney at Pernini Legal, LLC

Commercial Mortgage-Backed Securities Associate Attorney

Location: Philadelphia, PA

Our client, a prominent global AmLaw 50 law firm, is seeking a skilled Commercial Mortgage-Backed Securities (CMBS) Associate Attorney to join their dynamic Global Finance group. Known for their longstanding leadership in the CMBS marketplace, this team works with issuers, underwriters, servicers, and investors, handling a substantial portion of CMBS issuance and providing counsel on a significant number of CRE CLOs. The firm’s CMBS practice consistently receives top rankings from Chambers and Partners and The Legal 500 US.

Candidate Profile:

• JD from a top-tier law school with a strong academic record.
• Active Bar Admission in Pennsylvania.
• Class years 2017-2021 with substantive experience in securitization and structured finance, specifically within the CMBS space.
• Proven experience in drafting and negotiating complex securitization documents, such as pooling and servicing agreements, mortgage loan purchase agreements, bid letters, and investor certifications.
• Familiarity with commercial real estate repurchase facilities and warehouse lending.
• Demonstrated ability to act as a key team member in transactions, managing due diligence and leading deals through closing.
• Large law firm experience strongly preferred.

Key Responsibilities:

• Provide counsel on a variety of CMBS transactions, including CRE CLOs, for a diverse client base comprising issuers, underwriters, and investors.
• Lead the preparation and negotiation of transaction documents, including bid letters, confidentiality agreements, securitization disclosures, and operative agreements.
• Actively participate in deal structuring, assisting with due diligence, transaction execution, and post-closing matters.
• Ensure compliance with applicable regulatory and industry standards.
• Collaborate with team members across the Global Finance group, leveraging the firm’s resources and industry expertise to deliver premier client service.

Why Join?

This role offers a competitive starting salary of $260,000+, commensurate with class year and experience. Associates in this position will work on challenging and high-profile transactions, supported by a collaborative and experienced team that prioritizes professional growth. The firm offers a comprehensive benefits package that includes health, dental, and vision insurance, generous parental leave, family care support, a 401(k) plan, and other valuable perks. This is a unique opportunity for driven legal professionals to contribute to a prestigious CMBS practice recognized as an industry leader.

Application Requirements:

Interested candidates should submit a cover letter, resume, and law school transcript.