Anyone have experience working at Arbor?
What was your time like there? Did you feel like it was a good shop to be a apart of in terms of culture, WLB, benefits, comp progression etc?
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The #1 lender in the retrading business
I almost read this as “retarded business”. What is retraded business?
That would also apply...
Means they change their deal terms on you last minute. Probably after already changing them once or twice during DD. Bad rep among brokers, nobody chooses to bank with them, only because they have to.
So are they not in the likeness of shops like Berkadia, JLL, Newmark, etc?
Might not be them retrading. A lot of times DUS lenders get too overzealous when providing soft quotes - which is basically pricing and preliminary terms that they believe agencies would offer. Reason for being aggressive is to lure in business by showing attractive spreads. However, to get an actual term sheet out to a client, you’ll need a formal quote from agencies, which are not beholden to the soft quote you put out to the client. So maybe they soft quoted you at 250 over UST but then really the deal is quote 270 over UST. I would say that’s just an indicator that their production manager has a poor feel for where the agencies are pricing stuff and/or they are not pushing hard enough to get pricing discounts for their clients.
Yep, spot on. Arbor is a joke and quotes well below what they can get.
They can’t win business any other way so might as well lie and hope you hook a fish.
I've worked there for a number years in their structured finance (bridge lending program).
Feel free to ask any questions...
Culture = Newer guys are going to need to show a lot of face time and earn respect from the senior folk
WLB = in line with other direct lenders; hours can be brutal. extremely high expectations and everything is always urgent
Benefits = shit 401k match, late ride taxis home and dinner in office reimbursed
Comp = below market; always negotiate. HR will lowball you with whatever initial offer they can.
Progression = tough as nails to get any decent bump in pay. look at how their team is organized and notice how a lot of junior folks are not there long term.
I will say if you are young into your career, this is a great place to start to see tons of volume and learn under a solid credit program. The tough part is your exit opportunity.
What role are you looking at?
So I just accepted an offer for their asset management team not production so maybe you know someone in that part of the company? I do not have any desires to be in production
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