This is a CMBS shop. They will underwrite loans for commercial real estate properties that they will subsequently try to package and sell through securitizations. They are not an investment bank in the true sense of the word; though investment banks often have arms that perform this function in their capital markets / originations division. This is an appropriate role for someone with an interest in real estate, but I think you would be better off in real estate investment banking on the coverage side if possible.

 

One of the associates mentioned that this internship was a "foot in the door" to wall street. Is this true, being that they are located in LA? The firm is a brand name firm (think twin tower 9/11 firm). What are the exit opps associated with an internship or analyst gig at a prestigious CMBS shop? Are the modeling skills valuable?

Also, would you say an internship would be more valuable here, or summarizing CIMs at a local PE shop?

 
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