Capital Markets - Is it basically mortgage brokerage?
So I'm planning on joining a CRE brokerage firm this summer for an internship. I'm going to be working with the capital markets guys. So far all I know is that they connect the clients with financing. I listened in on one of them doing calls and basically he was cold calling people asking if they wanted to refinance their property, he was also working with a client doing a 1031 exchange.
Any more info on what the capital markets do in a brokerage firm? He was talking about treasury yield and how that effects pricing? Could someone give me a crash course on this stuff lol. Or provide a link to some resource I can use to learn about commercial mortgage brokerage? I know basics like TMV, how an amortization works and LTV ratio but only because I learned this in my finance class. I don't how how this applies to commercial lending.
Any insight on what I might be doing this summer? Any articles/information that will be useful for me to read up on before then? I really want to do well and get into this after I graduate. Whats the outlook on this kind of work? (average commission amount?)