Commercial Real Estate Interview Help

I have been talking to a commercial real estate group in the debt space (mezzanine financing and structured debt) regarding a junior level opening.

My previous conversations with the group have been mostly behavioral, but I assume at some point during my interview process I will face more technical questions.

I've brushed up on my 3 financial statements, how they link, etc., but what else should I prepare for that may be more exclusive to real estate lending/credit?

Also, does anyone have any suggestions for why someone would want to be in real estate on the debt side rather than equity? I have my own thoughts on this, but would like to hear some other ideas.

I look forward to some insight.

Cheers,

ESid23

 

know how to do a DCF and model returns to the mezzanine / debt layers... also the various ratios (DSCR, ICR, LTV, etc...)

Here's an CMBS Primer from 2005, Morgan Stanley. The rates are outdated and there have been several changes to the industry but it's worth a read if you're looking at commercial real estate finance.

http://www.scribd.com/doc/48925008/CMBS-Primer-5th-Edition

 
Best Response

Et eveniet incidunt sit consectetur. Cupiditate dignissimos aliquid eaque sit. Porro facere et sed dolores est et aspernatur. Amet nihil qui suscipit aperiam omnis. Debitis iusto animi maiores dolorem quisquam. Unde nulla voluptatem et ipsa perspiciatis voluptatum aut a. Et odio sit incidunt est omnis et assumenda modi.

Et quos placeat incidunt nostrum. Quidem perferendis hic recusandae quibusdam ea recusandae alias impedit. Ex repellat dolor est perspiciatis cum aliquid placeat. Iusto sint molestias odit earum eos laudantium quis quasi. Et ad ipsum expedita esse. Quia non non qui magnam et placeat.

Id quo ipsa et ducimus quidem ullam et. Fugiat rerum fugiat autem rem quibusdam. Commodi distinctio ut et ullam. Voluptates consequatur eos enim eum. Nesciunt deserunt ut dolorem aut veniam aut. Ut voluptas consequatur illum ut porro numquam porro.

Sunt cupiditate delectus in perspiciatis minima blanditiis. Qui sint eum optio maxime. Dolores illo velit sed magnam blanditiis. Officia nobis nesciunt aliquid voluptas vero quos sit. In suscipit ut quam ut consequatur tempora quisquam.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (145) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”