Hey guys,
Just went through the most recent issue of Commercial Mtg Alert and thought I'd share a job opportunity for any looking. See the exact words from the issue below:
"Wells Fargo is seeking two commercial
mortgage associates to join its multifamily
capital team. One opening,
based in New York, requires five years
of experience. The other recruit, with
at least a three-year background, could
work in New York, Carlsbad, Calif., or
McLean, Va. Responsibilities include
sizing, structuring and pricing potential
transactions. Knowledge of Fannie Mae
and Freddie Mac products is preferred.
Send resumes to Brianna Johnson at
[email protected]."
This was just released so it is brand new.
Best of luck to you
They have great terms but they stress test SoCal deals at a 7% interest rate on a 10yr fixed. 30-50ltv is their sweet spot.
comparable to JP Morgan? JP competes only at absurdly low LTV's.
And 7% is too high. At our bank we dont even stress test to 7% on commercial deals. And for multifamily its lower than our commercial rate. How do they do so much volume then when they stress their rate to 7% and consequently I am guessing they wont be the lender with the most proceeds.
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Dolores sit minus est in autem sed est facere. Maxime repudiandae saepe veritatis ad repudiandae unde qui itaque.
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