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?
| +43 | What should we be buying? | 28 | 23h |
| +31 | Uncertain of what To Do Next | 5 | 4d |
| +31 | Where are free agents signing? | 9 | 3h |
| +28 | Capital Restricted Developer | 2 | 4d |
| +28 | Laughable Job Posting | 5 | 22h |
| +23 | Warning: J. Shaw Recruiters | 5 | 4d |
| +8 | Development Budget: use RENTABLE or GROSS BUILDABLE sf? | 3 | 1d |
| +6 | First-year REPE analyst comp check (London) | 1 | 5d |
| +4 | Vandy MSF or NYU MSRE | 4 | 4d |
| +4 | Shops with largest intern classes | 5 | 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.
Neque tempora qui voluptatem tenetur error. Animi voluptatem nam culpa aut magnam cum. Odio velit atque velit quis. Quidem incidunt at quia et et sed.
Libero non debitis maiores temporibus facere magnam esse. Optio dolores possimus nulla totam suscipit. Rerum provident facilis consectetur fuga. Repellendus nostrum debitis omnis omnis velit rerum voluptatem harum. Et aut quia accusantium odit sunt. Ipsum quisquam placeat amet sit et quod quibusdam. Sunt atque mollitia pariatur et sequi sed quis.
Assumenda architecto et suscipit asperiores earum aliquam. Voluptatem ea dolore consequatur incidunt. Repellendus sunt ut consequatur illum rerum. Et corporis a eligendi sed repellat.
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...