Help me create a “why real estate credit?” answer for my MF interview
Hi all,
Have an interview with a MF SA role in REPC.
Posted on this thread earlier trying to uncover reasons why folks pursue real estate as an industry and do resonate with some of the reasons mentioned, although I felt they were more tailored to REPE as opposed to REPC. Still trying to craft my answer to “why REPC”.
For a team that provides credit facilities (first mortgages, subordinate and mezzanine) why is this team attractive from an analysts standpoint? Would the reasons be the same as REPE?
Any advice much appreciated as this field is generally quite new to me and I come from a generalist M&A background. Thanks all.
This is totally a personal question lol. This question can be broken down into two parts. Why real estate and why credit? Try answering those.
Personally I like real estate because it allows me to travel, relationship driven, and is diverse enough that while deals may be similar, they are never the same.
From an equity vs credit perspective I usually say I do not have a preference, I just like transaction roles. Equity is nice because you get to control the business plan, credit is nice because it is more numbers and risks driven (imo).
Senior in undergrad here:
- safer position, less upside
- higher deal flow, shorter deal timelines
- debt is critical to real estate as an asset class
- more psychology / legal driven since the loan documents are very important
Rest of questions will probably be similar to repe. Also, would just use realestate interviewing(dot)com. Trust me when I say it’s pretty gas, clutched me for my interviews.
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