CRE Lending at a big LifeCO, what are the exit opportunities like?
What would the exit opportunities look like for a mortgage lender at a large LifeCo. Is it possible to transition to the equity side or a debt fund?
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you would make more money at lifeco lol
How come?
Mortgage comp. is capital markets, and capital markets usually tend to pay on the low end for analysts in real estate.
Lifeco is buyside.
Depends on the life company. Many do equity and have their own debt funds, so it would probably be possible to do an internal transfer 1 or 2 years after you start. Just don't be an asshole and come into the mortgage group and immediately make it known you want to move to equity/the debt fund; give it 9 to 12 months before you ask. It will piss off the mortgage people and that isn't how you want to be known.
As for external transfers, it would be a bit harder to move from debt to equity, but still possible. Just do it before you make associate, or after you get your MBA if that is your plan.
Moving to a debt fund externally shouldn't be that difficult.
Underwriting is underwriting and I’ve seen many move at the associate, senior associate, and even VP level from debt to equity or equity to debt. I don’t think you will have a problem at all.
I think with enough networking and proven ability, anything is possible, but I don't think that is how the majority of the industry looks at it. Personally, I feel like I could switch back and forth pretty easily, but I also think my career is a bit of an anomaly.
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Was at a major LifeCo on the debt platform (PGIM / Nuveen) and am now on the development / acquisition side (Related / Tishchman). It’s 100% possible. Was not very difficult at all to explain why I wanted to make the switch either.
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