Investment Sales vs Mortgage Broker
Hello,
I came to seek for your advice once more. I currently work as an investment sales associate at a decent commercial real estate brokerage firm in NYC, (Not Manhattan though), and since I’ve reached my 1-year mark at this current firm, I am looking to hit the phone hard and start networking so I can work for more defined institutional group like CBRE, Cushman, JLL, HFF etc.
Here is my dilemma though, one of my best friends has suggested that I should consider working for a mortgage brokerage firm. He said working on the debt side might give me more opportunity to switch to the buyside or even CMBS, BS lending team at BB bank. What do you guys think? Although I would try my best to become a successful broker, if things don’t pan out (high probability), I would like to have an option to switch to the buyside several years down the road. Also, I would appreciate it if you could chime in on which side is comparably more enjoyable and fun? I know it is very subjective question, but I would love to hear some of your opinions on this.
Thank you!
I keep logging in hoping that there will be answers to these questions and no luck for days... :(
If the former, I will say there is probably more stress on the buyside.
If the latter, I don't think they are different enough to say. Maybe an investment sale guy would say it's more fun to be the broker in the middle of a large sale than to be the debt person on that deal. But again, they are so similar, from a 10,000-foot perspective.
The better way to think about this is whether you're more interested in the owner's standpoint or the bank's standpoint. Do you think CMBS loans are more interesting, or would you rather understand a 10-year projection from the equity perspective? You should know this by now.
not a bot. just trying to get as much info about investment sales as a career and was interested in the OP's questions. I appreciate your reply.
All depends on deal flow but being a mortgage broker is way more interesting and impressive IMO
Why do you think that? Could please elaborate? Thanks.
BUMP.. I'm curious about this too
Modeling might be more complex for a Strong IS team but overall I think you learn significantly more on the D/E side. It’s substantially easier to go from D/E to Sales than the reverse.
Not to take away from the topic, but I just started in a major market on the west coast in D/E at a major shop. Anyone have any advice starting out?
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