Is TRTX still a good company?
Know they got crushed by the markets throughout COVID. Got hit extra hard compare to other public mortgage REITs.
Can someone opine their financial strength, their business model, potential grow, and would consider work for them now leaving okay-paying job at an asset manager with $50bn AUM?
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You pretty much said everything yourself. One company is stable and secure, less opportunity.
The other is a less stable, and got battered hard recently. There’s probably more room for progression and promotion if you can prove yourself and help reverse certain aspects of their negative situation.
No one else will be able to answer this for you; what is it YOU want? Consider things like age, risk tolerance, and breadth of experience! Good luck.
How can I DM you?? Wanna chat a bit more
I'm not sure myself, but feel free to send questions here and I'll answer to the best of my ability.
TRTX is plagued by their pre-covid office exposure and is in the process of resolving these stressed loans. The stock price got destroyed because they have the highest expected credit loss reserve vs. the space (could be a good thing for TRTX because other mREITs might be actually under-reserved...look at BXMT). TRTX has been pivoting to multifamily originations and I know that the management wants to play offensive in this environment. TRTX had a new CEO last year and they know what they are doing for sure
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