Second job advice?
I find multifamily really interesting and would like to do something similar to my current role one day, but would like to transition to a larger/more established firm in a larger market to get more traditional experience in the meantime. How would working on the lending side at a large commercial bank for a few years serve me, being an asset management analyst for a large owner/operator? I am less concerned with compensation than what will be the most valuable learning experience.
Being a lender is muuuuuch different from bring an owner/operator. The way you analyze an asset is very different. As a lender, underwriting your downside risks is the most important thing (vs. upside as a sponsor). Since you're working for a multifamily developer and I am assuming that you have exposure to acq/am.
You should stick around for another .5 year and try to network directly to another acquisitions role. I would even argue your current role provides more value than being a lender especially at a lean shop where you are wearing multiple hats. You're in a position where you have a story/tools to network directly to the "end game". Also, don't underestimate the marginal value each additional day brings you at your current job.
What skills do you want to learn?
The good thing about being a lender is the deal exposure you get. On a developer the deal flow is usually less intensive than on the lending side. It's a great way to understand Real Estate on a more macro level. The flip side is that you miss all the nitty-gritty analysis that a usually happens on the developer side.
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