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bump, what would exit ops be out of this? Does this count as a debt fund?
Bump
I’m assuming you’re talking about the investment sales/debt broker, Greystone.
No it’s not a debt fund, though it appears they broker debt for companies such as debt funds, lifecos, banks, etc. for instance, they’d connect a developer with a bank for construction financing that otherwise may not have met and get paid a fee for that introduction.
they also have an investment sales team, similar to a CBRE, JLL, or CW. Unfortunately (at least in my market), if you work at Greystone you’d never be awarded a institutional deal like one of those firms. More than likely you’d be selling deals in the $2-10M range for mom and pop shops
Think your info is correct. Greystone is a lender in the multifamily(FHA) and healthcare facilities space. They also have a separate development business but they’re more known for their lending platform.
Im familiar with Greystone and know some of their current/former employees. Its a lender first and foremost (HUD/Fannie/Freddie) though they love to say they can do anything and everything (this method of thinking flows down from the CEO) but will back out at the last moment. I personally wouldn't touch them with a ten foot pole if you are looking at job postings (they have lots of openings because they have lots of turnover). There's really only 10 people who make money in the firm, most of which are the CEO's sons (hellooooo nepotism) but then again if I owned the firm I'd certainly be looking out for my children as well. The remaining 5-6 people (all men) have been there forever, have large teams and the profits are all funneled their way. The pay is awful (house takes a huge cut) and good luck finding clients that aren't already covered. Diversity is non-existent so unless you are a jewish male I would look elsewhere.
Do you think this would be okay as a non-Jewish woman? I am desperate to get out of banking and I think this could be a good Segway out for just a year or two.
I worked there in a regional office. Luckily this office felt very separate from NYC. I took the job bc it was the best I could do with zero real estate experience. I was able to take the experience and go somewhere better quickly.
Nothing but nice things to say about the people I worked for directly, but the company as a whole is kind of a POS.
Can confirm pay was shit (literally got 2.3x pay raise when I left), they have a debt fund but it’s not super competitive, they have a healthcare RE investing group as well.
Postings you see are most likely for agency / hud / FHA teams. If it’s your first job, you can make it work. But those types of loans are repetitive. Get your experience and GTFO
NYC office pretty cutthroat? I've heard similar sentiments
Idk, cutthroat implies they’re doing big deals and a lot is on the line. I think it’s just a shitty culture and that’s why you see so many people leave so quickly
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