Interview coming up.. any help appreciated
I have an interview coming up with CCRE (Cantor Commercial Real Estate - LA office) for an analyst position this Friday.
Having no prior background to the RE industry (interned for a mm ib firm in NY last year for 8 months, now working as an analyst with a different group in the same firm in risk management but it is in the midwest and I'd rather be in a big city), I do not know what to expect during the interview.
Has anyone interviewed with CCRE before?
I am reading a bunch of articles and pdfs relating to CRE outlooks in 2014, some re valuation materials, etc. I just don't know how technical they will get with me, and wondering if I should just focus a lot more on fit/behavioral part.
CCRE is a fully-integrated commercial real estate finance company providing innovative financing solutions to the real estate capital markets. CCRE originates competitively underwritten fixed- and floating-rate mortgages and mezzanine loans secured by diverse asset types in most major US markets. CCRE is capitalized by strong institutional sponsorship including affiliates of CIM Group and Cantor Fitzgerald & Co., and is led by an experienced team of real estate professionals with extensive track records originating, structuring, managing and distributing commercial real estate loans in various economic cycles.
Job Description:
- Support team in evaluating, originating, underwriting, structuring and closing transactions.
- Develop financial modeling and analysis.
- Complete property site visits and inspections.
- Conduct financial analysis of leases, acquisitions, and cost structures.
- Manage or assist with special projects as needed.
Any insight will be appreciated. Thanks!
I would edit out some of your story here. We don't need to know your geography or exact current position.
Thank you for your advice. Edited.
Is this for CMBS? I see them hiring in most major markets right now.
I haven't interviewed with them before, but know people who work there. If you're interviewing for a CMBS analyst gig they aren't going to go too deep into technicals, just basic real estate concepts, loan structure, NOI, and valuation. They are going to expect you to work a ton of hours, so mostly want to make sure they can put up with you.
much appreciated! by loan structure what do you exactly mean? like fixed rate vs ARMs, mezzanine, and etc.?
The lions share of what gets securitized is fixed rate debt on stabilized product, although CMBS groups will do some on balance sheet floating rate / bridge stuff.
I was referring to basic loan sizing and structure, LTV/LTC, debt yield, TI/LC reserves.
Sorry to bother you, but could you go more in depth with what I should familiarize myself regarding the TI/LC reserves?
Great shop, have met a couple guys there, I agree with Blankster, especially if you're not in the industry. I would also come up with some "why real estate" answers, etc., just in case.
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