Ignoring the obvious differences, are there any structural similarities from a legal/covenant standpoint? I've gotten pretty interested in the corporate credit world and have considered picking up stephen moyer's distressed investing book.
However I currently work on the equity side of commercial RE. I'm assuming CMBS is the only sort of fixed income that is remotely within my reach as a lateral. Are these industries at all similar? For example in corp credit where you might aim to go from lev fin/credit research to a credit fund, is there a similar path for CMBS?
From my perspective, it seems like the former would be more lucrative and interesting. Is there any truth in that? If so maybe it's worth trying to reset pre or post MBA at some point in a lev fin/restructuring role. probably an uphill battle no matter how you spin it though.
