Production Analyst
I was fortunate enough to participate in a fellowship while I've been working full time in development, currently in affordable housing. The fellowship was at top 5 bank in their real estate arm. I've done pretty well there and thinking about making the jump to the debt side at this bank. They are one of the largest agency lenders. The role that interest me is production analyst on affordable loan. Would have exposure to market rate deals as well. I'm thinking this jump I would eventually want to move into origination in the future. I've already went through the initial interview. Don't have an idea about what comp would be.
Does anyone have any idea what comp would be?
I'm currently a development manager. Is this too far of a step down to pivot to debt side?
Production can be fruitful on the debt side for one major reason it weathers the real estate cycle very well. In booming real estate cycles you are able to provide lots of construction and acquisition financing, and in the Down cycle you can provide many supplemental and Refinances. The fees are typically smaller than investment sales fees but when the cycle dips, investment sales can halt. In terms of comp for an analyst it depends on the firm and the team to be honest as well as location. Location may dictate you base salary, your team/firm will dictate you commission sharing. If your team produces a lot you will be taken care of. I Would say from experience all in first year comp would be just breaking 6 figs
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