I was recently contacted about a role at BX in their RE Debt Strategies group. The role is centered around originations. Has anyone had experience within this specific group? Would love some insight as to the type of questions that may come up during the initial (phone) interviews. To-date, my experience has been predominately equity/asset transactions so I would love some guidance on how to prepare for any discussions. Any input is much appreciated.
| +51 | Leave brokerage to be GP | 12 | 5h | |
| +46 | New Comp Database - Google Form (Now with Data Validation) | 24 | 4h | |
| +24 | Seeking Career Guidance in Real Estate Development Post-Graduation | 3 | 1d | |
| +23 | Going out on your own | 4 | 7h | |
| +22 | REPE/Development GPA | 15 | 2d | |
| +21 | Real Estate = complicated + underpaid | 15 | 8h | |
| +17 | Fisher Brothers | 6 | 7h | |
| +17 | MSRE/MSRED with no RE experience; Naive to think I’ll land a job afterwards? | 4 | 4d | |
| +16 | UC Berkeley MRED vs Columbia MSRED? | 2 | 6d | |
| +15 | Spreads over SOFR/UST | 1 | 7h |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
If you're looking to move to the debt side, BREDS is where you want to be. They have a lot of capital, and different buckets of capital, so they will be active at this stage and all stages in the real estate cycle. There's a lot of debt capital out there, but BREDS has a lot of competitive advantages.
I have contacts there, though I never worked with them personally. I know their team is made of athletes, who can do originations, underwriting, Asset Management, and assist at all stages of the closing process. If you're on the originations team, you are on the investments team. You will be tasked with knowing how to make money and how mitigate all the risks. Be prepared by knowing their debt strategies, and offer some places you think you could invest. Be prepared with a list of key relationships you have in the industry and your track record of doing deals with these players. If you're on the equity side, show off how you financed your recent deals and how your knowledge as a borrower can be applied to the role. Gluck
flyineagle789 the functions you are describing ... are for senior roles..." Be prepared with a list of key relationships you have in the industry and your track record of doing deals with these players.... "
what about for an associate role in BREDS originations? Still would require you have existing relationships with brokers/borrowers?!
BREDS is almost exclusively performing debt right? Like would that be the group to go after rescue financing, NPLs, other distressed situations when they arise? Gut says that would be the REPE team but want to confirm.
In LA? The non-bank debt scene seems to be the darling of the market. Heitman is also hiring a debt originator in LA right now if you're interested in that space.
Bumping this. Anyone know if this group has latitude to pursue non-performing debt, loan-to-own type stuff in addition to originations?
Also, is there a pay/culture/hours difference from the REPE team?
Does anyone have info on their BREDS Liquids that invests in CMBS/RMBS? And also their Drawdown fund? - don’t understand what drawdown fund is
What are BREDS exit opportunities after the analyst program?
Uhhh anywhere
Can you elab? Havent found too many on LinkedIn
First question they asked me was what 6 to the power of 5 was…
No way that's true?
I got asked 5 to the power of 6
Accusamus at id velit ex nihil perspiciatis rerum at. Est velit mollitia qui omnis nulla. Voluptatem excepturi sed praesentium tenetur quaerat. Est dolor labore rerum necessitatibus non aut consequatur repellat. Reiciendis excepturi voluptates maiores sed qui. Sit nobis unde quaerat nemo et laborum totam.
Ut et omnis iste sed aut. Quaerat fugit aut sit in molestiae sed voluptatibus placeat. Possimus dolore et dignissimos molestias. Quae corporis enim et velit ab. Amet incidunt qui doloribus culpa aspernatur vero distinctio. Quisquam omnis fugit itaque accusantium error qui.
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...