Hi all,
Hope you are all well.
I recently conducted interviews with a small outfit that does small-medium deals across resi/developments and some industrials and care homes.
The role will be end-to-end origination and execution of debt that the team's sister company has effectively given them (giant RE fund).
Is there anyone here who is in a similar role at the moment, if so how are they finding it?
Not been in IS that long but my team’s deal flow is not great so I find myself slightly bored – hence the move.
I believe this role will cover senior, junior, mezz etc. and I was told I’d have the deal flow I’d be looking for.
One thing I am concerned about is whether or not this will put me on the debt path solely as right now I guess I could swing either to Equity or Debt (coming from a slight debt background anyway).
Also - how does one know whether the move is a good one or not? I feel like I need more insight/knowledge.
You can jump between equity and debt so I wouldn’t be worried. But if you are worried, I would wait for a role you’re more interested in.
Regarding is it a good move - well are you leaving just to leave because you’re bored or are you leaving because you are actually interested? Is this role a step up, or is it just a role? Is your compensation going up? You need to think through all of these things. Don’t just move to move.
Thanks for your reply.
It's a small outfit funded by Cain International - sort of worried about getting burned due to it being a small firm.
I think my main concern and reason to leave is deal flow - been about for nearly 6 months but have worked on one transaction lol.... I think I need more from my role..
The role is different right its underwriting debt to developers building ressi etc. - but involves everything from kyc to loan management and responsibility for drawdowns
Comp is going up around 7K .
I was an underwriter at a small debt fund. They likely get their capital from a third party like we did. It was a really difficult environment for all involved when I worked there. Getting our out of state capital partners on the phone to talk through or approve a deal was a struggle and often lead to the deal falling apart. I would ask more about their source of capital and their relationship with them and the typical approval process. Ask A LOT of questions. Going from debt to equity is one thing but going from an institutional brokerage house to a private debt fund will be a culture shock for you.
Deal flow is slow for everyone right now. 1 deal in 6 months is slow but on the alternative, look how low volume has been over the last 15 months. What type of transactions do you do?
but some teams struggling more than others
Hey - I do Self Storage Europe. I am just worried I am not doing enough deals
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