Lending to REPE MF
Wanted to get everyone's opinion on how possible it is to go from a top lender as an analyst (Wells Fargo, Berkadia, CBRE, W&D) to a REPE MF. I know RE IB is the most likely option but if that opportunity is not available is lending still a way to get there without an MBA.
Few I know to a JPMAM / MSREI / Pru.. so larger groups. Decent amount also to the MF credit funds side (BX, KKR, Apollo, etc.) from similar roles. Maybe some took a pit stop in between... but many/most don't have an MBA. FWIW I started as lender analyst at bb, at large/mf now but credit... but have interviewed at many larger groups for credit and equity... it happens. Frankly I review a brand name credit analyst/associate the same as someone in REIB... those ppl actually are better on asset level (or at least more experienced)... which is what you're doing. IB is just a check the box.. this person can grind/is likely bright / can learn... juniors at many places are a mix of lenders, IB, broker experience.
So if I wanted to transition to a larger say top 15 REPE fund in acquisitions after two to three years would it be possible in your opinion?
Yes. As long as you work on similar product (ie. likely not agency lender). Depends what lender/group. Doing agency in Cleveland vs. Citi large loan in nyc... big difference. Ideally working in bridge/value add lending (debt fund imo is easiest transition... work with these borrowers and work in high yield/biz plan oriented execution). But yes, network, practice modeling, study up on equity structuring (book by Sean cook called something dumb like investing in real estate private equity, actually very solid)... do whatever you can to position yourself for it. It is generally feasible.
The group I'm looking at is multifamily lending my interviews at 1 any advice?
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