Monkeys,
I've been working as a credit analyst at a commercial bank for the past 2 years and I have the opportunity to transition into a credit analyst role at a mortgage REIT. I'm having trouble discerning weather this would be a good move. On one hand, working for a REIT seems like better experience than working for a commercial bank. On the other hand, commercial mortgages that are designed to be packaged up into CMBS seem pretty cut and dry from an underwriting perspective.
How do you think the role at the REIT would compare in terms of skills that I would learn and potential exit opps?
Thanks in advance.
If the REIT is solely doing first mortgages I'd say it's no better or worse than your current gig and not worth burning one of your matches (ie, job-hopping) over. If it's a REIT that gets into the Mezz/Pref or occasional JV space then that gets more interesting.
What’s your current bank like?
If the REIT has a significantly larger average deal size/volume, covers a larger range of asset classes, and/or operates on a larger geographical scope then it might be worth considering. If you’re already with a large national/regional group underwriting big loans I would say it’s not worth the job hop on the resume, as the comment above me says.
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