Real Estate Modeling Course

  • Real-life RE Modeling Tests from actual Interviews
  • Various asset classes including multi-family, commercial and more
  • Huge discount - until more tests and cases added

Comments (2)

Apr 17, 2018 - 2:48pm

On a very high level:

Bank lending
* Variable rate
* Typically less than 7 years
* Often combined with an interest rate swap to make the rate effectively fixed for the borrower
* Win based on being able to provide flexibility with earn-outs, interest-only periods, and ability to prepay

CMBS
* Fixed rate
* Typically 10 years
* Since it is backing a bond, there is limited ability to prepay, otherwise you have high penalties and defeasance
* Win based on being willing to go to a higher LTV, lower DSCR, or wanting a lower fixed rate

LifeCo
* Longer term lending (10-15 years)
* Typically go after more core properties
* Win based on providing low, long-term rates for safe, core properties

Debt Fund
* Terms generally less than 10 years
* Win based on being willing to provide capital on more risky or unique projects

Agency Lending
* Longer term
* Win on low long-term financing

Apr 17, 2018 - 3:14pm
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Total Avg Compensation

July 2021 Investment Banking

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