Starting on debt side at a pere 100Subscribe
Would love to hear some opinions of starting on the debt side of a large repe shop doing everything from vanilla first position mortgages all the way to pref equity and construction loans. I would presume this is a good starting point as deal flow may be quicker than equity, opportunity to see more deals thereby learning strategy side more quickly. Would this be better than doing cmbs originating at a BB bank? Some friends I know who do that seem to do very little analysis, don't even adjust assumptions in models just check to see if certain credit metrics are hit. Is this accurate and does this set you up well to switch to equity side if I wanted to do this in a few years?