Real estate debt fund modeling case studies + interviews

Interviewing for a few associate level roles at real estate debt funds on their originations/underwriting teams. Does anyone have any case studies they completed that they can share and what kind of technical questions should I expect in an interview?

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Interviewed for a bit before, don’t have the model, but it was pretty standard. A lot is actually still standard repe to check the assumptions of the sponsor model.

Honestly, there’s not many resources out there for re debt, but from everything I’ve bought online, I found realestate interviewing (dot)com to be the most useful for my interviews, good review materials imo. Hope that helps.

 

One of the debt guys at PIMCO seemed like an ass lol. He was not chill at all. Asked some blended rate question, gave like 10 different numbers, and wanted all mental math... and the proceeded to talk about the NYC grind lifestyle. That guy can kick rocks.

 
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In my experience they are pretty easy, had no issue with KKR, ACORE to name a few. Just know how to model PIK financing and do index match match to make things dynamic, etc. I will say, it’s very important to interview consistent and to know markets like the back of your hand.

I started at a very technical, modeling heavy place that would go very deep into assumptions so I had more troubles with verbal parts.

 

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