Trending Content
| +48 | Being asked to stay behind and train my replacement | 14 | 3d | |
| +45 | New Comp Database - Google Form (Now with Data Validation) | 24 | 19h | |
| +35 | Leave brokerage to be GP | 7 | 3h | |
| +30 | What does REPE actually do? | 12 | 1d | |
| +24 | Seeking Career Guidance in Real Estate Development Post-Graduation | 3 | 22h | |
| +24 | Public Homebuilders | 9 | 1d | |
| +22 | REPE/Development GPA | 15 | 2d | |
| +17 | MSRE/MSRED with no RE experience; Naive to think I’ll land a job afterwards? | 4 | 3d | |
| +16 | Fisher Brothers | 5 | 4h | |
| +16 | UC Berkeley MRED vs Columbia MSRED? | 2 | 5d |
Career Resources
The bank guys in NYC we work with use Argus (BoA, Chase, M&T, Citi private). Its not unusual for mid sized banks to not have an Argus subscription.
That is extremely strange... You’re making your life harder and your potential client’s life harder to save thousands of dollars lmao
Yeah I've worked with 3-4 groups at the banks listed above in the last 6 months who do complex office modeling 100% in excel.... its a nightmare
Can confirm WF in both BS and CMBS does not use ARGUS. (This is in CLT not sure about NYC).
Curious what capacity you're receiving materials like this from a Bank? I worked on the lending side for two years and never sent our internal UW to anyone. To try and answer your question, we usually just viewed excel as a much faster way to U/W than in ARGUS. Usually, in lending, you need a decision much faster than on the equity side, so this helps to speed up the process. Also on the BS side of things focus is more on the Credit of the Owner and Tenants, rather than the complex lease rollover that Argus excels at.
Underwrite, sure, but I cannot for the life of me imagine a multi-tenant scenario in which it is easier to lay out lease rolls/cam recs/etc in excel rather than in Argus first and then export to a dcf model. I have no exposure to the lender side so not challenging you on this at all, but it's mind-boggling to me haha.
Corporis delectus aut quia quia dolorem dolor. Laudantium adipisci rerum similique quis fugiat sunt. Quibusdam quis mollitia vel non maxime possimus officia. Alias laudantium aspernatur eius. Voluptas sint officia enim officia. Necessitatibus provident ab sunt dicta ab reprehenderit vero.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...