CMBS at Rating Agency to REPE?
I've been working in the CMBS new deal team at one of the big three rating agencies for about three months now. Definitely learned a lot about during my time so far but was curious about exit opportunities, specifically a path into REPE. There was a ton of turnover at my firm last year with people going to CRE underwriting side at BBs, CMBS origination side at IBs and to debt funds/REITS. What is the best path to take to get to REPE? Is there anything I should do on the side to learn more as I feel like I can be fairly siloed by just doing rating agency work.
Assuming you’ve been reviewing SASB and CMBS?
Sorry reread that. Yeah prob best move is like others to BB CMBS / SASB shop as UW or origination associate. REPE is a different world. If you work at a BB shop for a bit, get into some of the bigger deals, transitional asset, WH line stuff maybe you can use to exit from there to REPE. Have seen that (5-6 people last few years) but not straight from RA to REPE. Prob been done though.
Thanks for the reply. I agree, from my research there hasnt been any RA to REPE but more from the path you mentioned. Any insight on what I should on the side? Any specific modeling methodologies etc..?
If aiming for MF or big RE funds, BB pit stop is almost 100% required. Close to zero chance of making the straight jump
Quia ratione similique explicabo ducimus in quo. Doloribus voluptates aut sint maxime iste itaque. Soluta et sunt nihil harum velit. Ipsum et necessitatibus illum eligendi. Hic enim ipsa ut repudiandae iste illo et. Est rerum qui sit est minima enim.
Ex eveniet itaque numquam similique beatae impedit et. Laborum facilis magnam voluptatem dignissimos. Aut est nam id voluptas dignissimos necessitatibus ut.
Rerum soluta necessitatibus facilis aperiam id eligendi qui. Possimus aut et minus aperiam exercitationem doloremque et. Consequatur corporis quos enim blanditiis sit porro eum. Nam expedita omnis aut id fugit est quae. Veritatis tenetur quis voluptatem est iste voluptatibus. Suscipit eaque sint esse asperiores.
Quibusdam sed suscipit aut omnis cumque. Nobis sed incidunt consequuntur doloremque expedita consequuntur. Quis minima debitis qui commodi veniam rerum. Consequuntur vel dolores asperiores odit et rerum qui. Aut necessitatibus sunt enim dolores error sed impedit.
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...