What is compensation like on the debt side?

I'm sure it can vary greatly, but anyone have some general figures? The CEL report focuses on the principal side, so I'm wondering what it is like if you are in commercial real estate lending.

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CMBS has made a very strong rebound from its stumble last year and early this year. One of the more recent problems came from stupid Borrowers and Brokers who went with small shops who just put anything down on a term sheet to win the deal. After running through the underwriting, these small shops would re-trade them. These Brokers and Borrowers have no one but themselves to blame.

CMBS pay is generally higher because of the fact it is a trading business. The return on equity is a lot higher because Lenders make their gains in one or two months after closing the loan.

 

I would pretty echo what IronChef said. The other thing is while there have been a lot of layoffs in CMBS over the past year or so if you're still alive you're living well.

 

I previously worked for a large CRE lender and the entry level salary ranged from $60k-$70k with 10% bonus. The equivalent of an Associate made anywhere from $85k-$100k with ~35% bonus. To make this comparison easier, the hours were significantly less intensive with little to no work on the weekend. Additionally, the environment was much more laid back.

 

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