Starwood Capital interview, help
Hi Everyone,
I have an upcoming interview with Starwood Capital for a full time acquisitions analyst role. I'm really excited about this and want to kill the interview.
Anyone have experiences they can share about Starwood interviews or REPE acquisitions interview questions in general?
I did REPE two summers ago, so I have been out of the game for a bit. Any major deals I should be aware of? Any sources you recommend I read up on for news / technicals?
Also, if anyone knows how the tax overhaul specifically helps REPE, please let me know. Thank you!
Bump
No advice to add, but good luck buddy!
One technical question you’re almost guaranteed to get: A building is being purchased at a 6.5% cap rate with with a 50% LTV Loan with a 5% interest only rate. What is the Cash on Cash return after year 1 assuming no revenue/expense growth?
Know why you want to work in PE rather than an operator.
They give a tough modeling speed test. Be able to build a simple acquisition pro Forma that’s fully dynamic. Youll need to calc levered and unlevered equity multiple, IRR, CoC Yield. Be able to built a debt schedule for mezz (interest only) and an amortizing loan. You’ll need to account for transaction costs as well, which is annoying but not hard. Also you’ll need to know how to use excel formulas like if(), max() to calculate the maximum debt load the property can take based on LTV and going in debt yield
They also do mental math questions
Thanks for the advice. I haven't heard anything back since I took the video interview thing about a week ago—guessing because it's the holidays.
For the technical question, is the answer 12.35%?
Also, would really appreciate any advice on sources from where I can practice modeling. Thanks again
I think the answer is 8%.
(.065P-(.5P*.05)) / -.5P
Brush up on building your amortization table from scratch. Don’t over eat your lunch, keep your brain fresh. Learn a thing or two about hotels.
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