Hi all,
In RE PE now and historically done equity deals only. Having to look at a credit deal shortly which I've no expertise it. How should I be approaching it / what should I be looking out for / what kind of questions should I be asking?
| +57 | What's an Undergrad to Do? | 21 | 18h |
| +45 | Development Fees > Sponsor Equity Contribution | 9 | 2m |
| +38 | Advice to Job Seekers: Don't Sleep on Asset Management | 12 | 32m |
| +25 | Underwriting Predevelopment Costs | 5 | 5d |
| +19 | Job after RE Masters Degree \ Seeking advice | 8 | 3d |
| +17 | Automated Real Estate Modelling | 6 | 1h |
| +10 | Full-Time RE Acquisitions Analyst Recruiting - Class of 2028 | 4 | 1h |
| +7 | London REPE Comp | 6 | 2d |
| +5 | Wells Fargo Analyst opportunities | 13 | 4d |
| +3 | Tishman Speyer Debt Fund | 0 | 3d |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
Are you acting as the lender? What are you trying to figure out?
If you are looking to figure out how to calculate max proceeds on a loan, that’s and easy question to answer.
Sorry, wasn't clear. But yes, acting as lender so essentially trying to understand if this deal makes sense and ultimately how should I approach / analyze it from a credit POV.
What asset type?
Take the Sponsors UW and haircut it 20%. If the deal still pencils then good to go.
Just kidding (semi), but I work on both Debt and Equity and debt UW is pretty straightforward from straight operating performance and you can make many deals work with adjusting pricing and structure away from the operating performance. Can get very complexed depending on deal.
Ea illo qui quaerat quidem qui totam necessitatibus. Assumenda temporibus est ipsam nihil.
Illo aut aliquam sit qui maiores molestiae rerum. Rerum et ducimus possimus delectus debitis velit molestias. Suscipit ea molestiae sed necessitatibus non.
Vel libero ab id omnis rerum voluptas. Odit quo quam aliquid possimus quia est. Vero rerum laudantium minus laborum dicta. Qui voluptatibus aut non sit vitae.
Dolorem perspiciatis qui qui dignissimos ducimus. Voluptas illum sunt a doloribus deleniti earum modi. Id dicta esse et et sit sunt. Veniam nihil sunt itaque in aut. Minima vero repellat sit ut ea.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...