All, noticed recently that debt teams at some of the big banks (Citi, MS, JPM, etc.) don't use Argus and instead model big office deals in Excel. Very frustrating to receive those materials from them. Does anyone know why they don't use Argus, just out of curiosity?
Curious what capacity you're receiving materials like this from a Bank? I worked on the lending side for two years and never sent our internal UW to anyone. To try and answer your question, we usually just viewed excel as a much faster way to U/W than in ARGUS. Usually, in lending, you need a decision much faster than on the equity side, so this helps to speed up the process. Also on the BS side of things focus is more on the Credit of the Owner and Tenants, rather than the complex lease rollover that Argus excels at.
Underwrite, sure, but I cannot for the life of me imagine a multi-tenant scenario in which it is easier to lay out lease rolls/cam recs/etc in excel rather than in Argus first and then export to a dcf model. I have no exposure to the lender side so not challenging you on this at all, but it's mind-boggling to me haha.
Fugit reiciendis quod quis quia et iste. Incidunt velit at iure ea. Aut sed rerum unde non harum quam harum.
Quisquam quam saepe hic voluptas aliquam. Necessitatibus minus deserunt a rerum impedit non et. Fuga repudiandae eos sit necessitatibus nemo laudantium enim. Odio ab mollitia explicabo dolor dolorem voluptatem earum.
Eaque veritatis sunt laudantium consequatur non. Iure perspiciatis repellat ut ducimus omnis. Amet non enim eos. Libero sunt molestias fuga in quisquam consequatur. Quis impedit eaque dignissimos. Eveniet culpa enim ipsum nesciunt sunt facere cupiditate.
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)
Sorry, you need to login or sign up in order to vote. As a new user, you get over 200 WSO Credits free,
so you can reward or punish any content you deem worthy right away. See you on the other side!
The bank guys in NYC we work with use Argus (BoA, Chase, M&T, Citi private). Its not unusual for mid sized banks to not have an Argus subscription.
That is extremely strange... You’re making your life harder and your potential client’s life harder to save thousands of dollars lmao
Yeah I've worked with 3-4 groups at the banks listed above in the last 6 months who do complex office modeling 100% in excel.... its a nightmare
Can confirm WF in both BS and CMBS does not use ARGUS. (This is in CLT not sure about NYC).
Curious what capacity you're receiving materials like this from a Bank? I worked on the lending side for two years and never sent our internal UW to anyone. To try and answer your question, we usually just viewed excel as a much faster way to U/W than in ARGUS. Usually, in lending, you need a decision much faster than on the equity side, so this helps to speed up the process. Also on the BS side of things focus is more on the Credit of the Owner and Tenants, rather than the complex lease rollover that Argus excels at.
Underwrite, sure, but I cannot for the life of me imagine a multi-tenant scenario in which it is easier to lay out lease rolls/cam recs/etc in excel rather than in Argus first and then export to a dcf model. I have no exposure to the lender side so not challenging you on this at all, but it's mind-boggling to me haha.
Fugit reiciendis quod quis quia et iste. Incidunt velit at iure ea. Aut sed rerum unde non harum quam harum.
Quisquam quam saepe hic voluptas aliquam. Necessitatibus minus deserunt a rerum impedit non et. Fuga repudiandae eos sit necessitatibus nemo laudantium enim. Odio ab mollitia explicabo dolor dolorem voluptatem earum.
Eaque veritatis sunt laudantium consequatur non. Iure perspiciatis repellat ut ducimus omnis. Amet non enim eos. Libero sunt molestias fuga in quisquam consequatur. Quis impedit eaque dignissimos. Eveniet culpa enim ipsum nesciunt sunt facere cupiditate.
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...