Does anyone have experience with real estate debt funds? This could include working at, worked at, worked with, or having friends or coworkers who have worked at one. Examples would be Blackstone RE Debt Strategies, Fortress, Colony, Apollo, Oaktree, Starwood, Harrison Street, Torchlight, Rialto, NXT, Mesa West etc. This could also include non-bank real estate debt providers such as Capmark, Cornerstone, Invesco's structured finance arm.
I'm interested in hearing about overall experience, exit opps, lending parameters, compensation, work/life balance, and the interview process.
I think this space will undergo a significant amount of growth over the next few years, as banks will be forced to pull back with the implementation of Basel 3 and Dodd Frank, and there is a $1TN of CMBS debt that was originated during the boom years coming due between now and 2017. "A snake swallowing an elephant" as this Bloomberg described few weeks ago: