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I’m interested in a MF role in RE capital markets or at a RE credit fund. I’ve noticed that CMBS seems to be the most common background for these roles.

Why is that? In many cases, these funds aren’t actually buying CMBS bonds, and most of the work seems to be originating or underwriting direct loans.

Do they ever hire people coming from direct lending or loan syndications at major banks, or is CMBS still the preferred path?

3 Comments
 

I haven’t noticed that, but if that is the case (for senior people) I think it would be a reflection of the composition of the re financing market 20 years ago. Cmbs was big, banks were doing a bunch of lending, and private credit largely wasn’t around. 

 
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