About Fortress
Fortress Investment Group LLC is a leading, highly diversified global investment manager with approximately $55 billion of assets under management as of June 30, 2026. Founded in 1998, Fortress manages assets on behalf of over 2,000+ institutional clients and private investors worldwide across a range of credit and real estate, private equity and permanent capital investment strategies. Investment performance is our cornerstone - we strive to generate strong risk adjusted returns for our investors over the long term. We had approximately 1002 employees and 218 investment professionals as of June 30, 2026, at our headquarters in New York and our affiliate offices around the globe.
Loan Closer
New York, NY
About the Position
Support the CRE originations team by leading and coordinating the transaction closing process from executed term sheet through closing and post-closing transition. This role serves as the central process driver across diligence, documentation, third-party workstreams, closing economics, funding mechanics, and stakeholder coordination to ensure commercial real estate debt and equity transactions close accurately, efficiently, and on schedule.
Responsibilities
Process Ownership & Coordination
- Run the closing process from start to finish once a term sheet is signed, serving as the central process driver across all workstreams.
- Draft and continuously maintain the due diligence checklist as the operational tracker for ownership, status, notes, document location, critical path items, and weekly action updates.
- Send kickoff email packages and process instructions to sponsor/borrower teams, including data room access requirements and upload conventions.
- Facilitate weekly checklist calls and produce internal weekly Closing Notes covering top blockers, decisions needed, and critical path actions.
Diligence & Third-Party Management
- Launch and track third-party engagements, including title/survey, insurance, construction/PCA, environmental, appraisal, zoning, tax, and specialty reports, with scope, reliance language, and delivery dates.
- Review third-party deliverables in partnership with the originations team to identify risks, confirm completeness, and ensure material findings are addressed through documentation, structure, reserves, or other mitigants.
- Track and collect all borrower pre-closing deliverables, ensuring documents are dated, signed, finalized, and maintained with complete file documentation, approvals, and external counsel signoffs.
Insurance Leadership
- Coordinate insurance review by introducing the borrower’s broker to the firm’s insurance consultant, facilitating internal signoffs, and confirming binding and final documentation are in place for closing.
Background Checks & KYC
- Coordinate background checks and KYC/compliance-related closing items with internal control functions, tracking completion ahead of closing.
Closing Economics
- Maintain the deal budget workbook covering project line items, closing costs, required reserves, contingencies, third-party fees, and equity reconciliation for costs spent to date.
- Build the sources and uses closing statement, ensure the escrow settlement statement ties out, and confirm accuracy of fees, rates, payoffs, escrows, impounds, reserves, and related economics.
Cash Management & Funding
- Orchestrate cash management structure and account setup with sponsor accounting, treasury, servicers, and counsel, and confirm legal documents reflect the structure.
- Coordinate capital call readiness, wire mechanics, authorized approvals, and rate cap or hedging requirements where applicable, ensuring premiums are integrated into sources and uses.
Post Closing Transition
- Support post-closing transition, including transition memos, Asset Management cash flow model support, servicer onboarding, custodian/note delivery, and management of trailing documents, recorded items, final policies, hedge documents, opinions, and ESG items.
- Track and collect all borrower post-closing deliverables, ensuring post-closing documents are dated, signed, finalized, and maintained with complete file documentation, approvals, and external counsel signoffs in accordance with loan documents.
- Coordinate closely with originations, legal, underwriting, accounting/treasury, servicing, operations, Asset Management, sponsors, borrowers, consultants, and external counsel, while helping identify process improvements to make closings more efficient.
Professional Experience
- Minimum 2 years of relevant experience in transaction or loan closing, debt originations support, capital markets, real estate legal functions, loan administration, transaction management, or similar roles.
- Direct experience closing commercial real estate debt and/or equity transactions, including managing due diligence checklists and critical path timelines from executed term sheet through closing.
- Demonstrated experience engaging and coordinating third-party diligence providers, including title/survey, appraisal, environmental Phase I, property condition/construction, zoning, tax, and insurance, from scoping and engagement through deliverable review and reliance language.
- Experience with closing economics, including deal budgets, sources and uses, settlement statements, reserves and contingencies, third-party fees, and equity reconciliation.
- Exposure to loan documentation, organizational structure and guarantor review, cash management, funding mechanics, and compliance-related closing items strongly preferred.
- Legal experience preferred; client-facing experience working directly with sponsors, borrowers, counsel, and consultants preferred.
- Bachelor’s degree required.
Fortress Investment Group LLC collectively with its subsidiaries and operating affiliates is an equal opportunity employer and considers all applicants for employment without regard to race, religion, creed, color, sex, age, national origin, citizenship status, disability, genetic information, protected veteran status, marital status, sexual orientation, gender identity, or any other status protected by federal, state or local law.
