1. Search Results

  2. More Conduit Shops out?

    There's more and more chatter about more CMBS shops going under heading into risk retention. Who have you guys heard so far? CMBS to Thursday, September 1, 2016- 10:30pm ...

    44 comments - 1 silver bananas - Oct 21 2016 - 12:52pm -

  3. Lenders- how is your deal team structured?

    I work at a BB in a CRE group that does loan origination (senior lending, both balance sheet and CMBS) for multifamily assets. I'm curious how other banks organize their deal teams. We have a lot of people involved. Sometimes I wonder if other CRE gr ...

    31 comments - 0 silver bananas - Apr 29 2016 - 4:00am -

  4. CMBS Compensation / Impact of Situs on CMBS Jobs

    the First part of my question pertains to current CMBS compensation at the analyst / associate level. I've done some searching in the forums here but most everything relating to CMBS salaries seemed to be pre-2012ish. As most of you know, the conduit ...

    32 comments - 0 silver bananas - Mar 29 2017 - 3:52pm -

  5. Best Asset Class for Trading

    Hello, I wish to know which is the best asset class to trade in the coming years among FX, Commodity, Equity, ABS (including CDS, MBS, RMBS, CMBS, CDO etc) etc. so that one could make very good amount of money. I would appreciate if I could get the pros a ...

    30 comments - 0 silver bananas - Oct 25 2017 - 2:47pm -

  6. CMBS opportunity- need some insight

    I currently have an opportunity at a fully-integrated commercial real estate finance company that provides financing solutions to the real estate capital markets. The company originates underwritten fixed and floating-rate mortgages and mezzanine loans se ...

    20 comments - 0 silver bananas - Apr 12 2019 - 3:18pm -

  7. CMBS Vs. CDOs

    For someone who doesn't live in this world but loves this stuff::: Difference between a CMBS and commercial real estate CDO? CMBS: Incorporated domestically? More commonly first mortgage loans and only mortgage debt is allowed here--no derivatives. I ...

    26 comments - 0 silver bananas - Dec 8 2015 - 9:47am -

  8. CMBS Origination Exit Ops

    I've been exploring the WSO CRE forum for the past few weeks and wanted to ask a question with my first post about potential exit ops for the job I have lined up. Currently in my final year at a non-target state school on the West Coast. Interned for ...

    20 comments - 0 silver bananas - May 5 2017 - 12:03pm -

  9. Books/Learning about CMBS

    What are some online resources which can teach me more about the CMBS market. It is sort of a niche market in terms of real estate finance and I'd like to learn more about it. Anything out there? Real Estate commercial mortgages CMBS ...

    27 comments - 0 silver bananas - May 6 2015 - 11:08am -

  10. CMBS Loan Assumption

    Underwriting a value add property that has an existing CMBS loan. Had a couple of questions: 10 year CMBS debt was funded about 18 months ago. Prepayment would be huge, interest rate is decent, and still has another few years of interest only before amort ...

    20 comments - 0 silver bananas - Dec 5 2015 - 6:52pm -

  11. BB CMBS Loan Origination Groups

    I was curious if anyone has any insight into exit opps for top CMBS shops loan origination groups. Assuming your group works on various deals (mezz, bridge, senior debt, construction, land etc), how marketable are you to REPE firms? Even though you didn&# ...

    22 comments - 0 silver bananas - Feb 21 2017 - 11:13am -

  12. Commercial Loan Officer vs, Commercial Mortgage Broker

    What is your opinion of working at a commercial mortgage division of a bank versus a mortgage brokerage firm? I am interested your perceived Pros and Cons. I currently work as a loan analyst at a commercial bank and and wanted to know how my position comp ...

    25 comments - 0 silver bananas - Nov 12 2013 - 12:46am -

  13. Any info on Ladder capital?

    Does anyone have any info on Ladder Capital? culture/salary/reputation etc analyst real estate CMBS reis Securitization ...

    19 comments - 1 silver bananas - Jul 3 2015 - 7:17pm -

  14. CMBS Jobs market

    Hello, Whats happening with the CMBS job market. Seems like jobs are posted but does not seem to be moving along. Any thoughts. I am currently in the market looking for underwriting opportunities, can seem to be getting any traction. Appreciate any feedba ...

    17 comments - 0 silver bananas - Mar 17 2016 - 12:45pm -

  15. CRE Finance Council's CMBS E-Primer- NEEDED

    Does anybody have a copy of CRE Finance Council's CMBS E-Primer? I have an analyst interview for a CMBS group and am trying to get my hands on a copy of this document to review beforehand. Thanks! CMBS No ...

    15 comments - 0 silver bananas - Oct 19 2014 - 8:03pm -

  16. CMBS Originations

    Maybe this is a bit of a silly question, but can someone give me a bit of background on what CMBS Originations Analysts actually do? Any resources you could point me towards would be helpful too. What I have found online seems interesting, but I haven ...

    11 comments - 0 silver bananas - Apr 16 2016 - 7:28pm -

  17. What do CRE analysts/CMBS analysts really do at fixed income shops?

    I have seen many postings for CRE analyst/CMBS analyst at buy-side fixed income shops recently (including top buy-side like PIMCO. The language in the postings sounds like they are hiring people who can underwrite mortgages at the property level. For exam ...

    11 comments - 0 silver bananas - Mar 29 2017 - 3:52pm -

  18. Floating Rate CMBS- Upfront Fee

    This is probably a "dumb" question, however why do floating rate CMBS loans have an upfront fee but fixed-rate CMBS loans do not? Is it something to do with how the bond spreads and how the loan is monitized? Thanks for your insight. CMBS floati ...

    7 comments - 2 silver bananas - Oct 16 2018 - 10:19pm -

  19. CMBS B-Piece Buyers

    I'm looking to learn more about the B-Piece buying space. How do funds value a b-piece? Do they get involved with the owner/operator in the event of a default or need of a turnaround? Are they required to hold for the entire 10 yr period? Are agency ...

    8 comments - 3 silver bananas - Sep 18 2017 - 10:36pm -

  20. CMBS Analyst Job Opportunity @ Cantor Fitzgerald- INSIGHT NEEDED

    I have an opportunity be an analyst at Cantor Fitzgerald. I'd be working with a team doing CMBS loan origination. Essentially they originate, securitize a loan against commercial real estate, pool it with other loans, and sell the bonds to pensions f ...

    10 comments - 0 silver bananas - Oct 12 2014 - 6:24pm -

  21. Buying REO from Special Servicers

    .................................................................,,,................................. CMBS commercial real estate acquisition ...

    7 comments - 3 silver bananas - Dec 8 2017 - 6:56pm -

  22. Mortgage/CMBS origination spread

    Hey everyone, I was wondering if there are any ways to find current average mortgage origination spread for balance sheet loans and CMBS loans (different spreads for different risk categories would be excellent) Thanks CMBS analyst real estate commercial ...

    9 comments - 0 silver bananas - Jan 19 2015 - 2:21pm -

  23. CMBS Lending vs. BS Lending

    How different are the two types of lending? (any significant differences in terms of leverage, riskiness, types of properties, loan amount, or others) CMBS ...

    8 comments - 0 silver bananas - Aug 8 2012 - 2:45am -

  24. GSE vs CMBS vs Life Companies

    Anyone care to share some knowledge on the three different types of financing sources? Pros and Cons? Lending tendency? Who they typically lend to? Leverage? Etc.. Thanks! debt financing GSE CMBS ...

    7 comments - 0 silver bananas - Apr 17 2015 - 6:08pm -

  25. ---ffsa

    ---- Deutsche Bank lazard CMBS analyst real estate REIT REPE ...

    7 comments - 0 silver bananas - Feb 5 2015 - 12:14am -

  26. Cantor Commercial Real Estate

    How are these guys doing these days? CMBS ...

    6 comments - 0 silver bananas - Feb 23 2018 - 1:25pm -

  27. Best Group within Structured Finance?

    Which group in Structured Finance is most profitable / active & therefore usually receives the largest bonuses?-CMBS-RMBS- ABS I would imagine it's CMBS because of the largest size of the security due to largest dollar value of the pool, but is t ...

    6 comments - 0 silver bananas - Feb 7 2015 - 6:44pm -

  28. The van of the cofounder of Cantor Commercial Real Estate

    This is pretty entertaining- for some reason a friend just sent to me, even though it's a few years old, so forgive me if you've seen already: http://dealbreaker.com/tag/steve-kantor/ CMBS cantor ...

    6 comments - 2 silver bananas - Feb 3 2014 - 2:24pm -

  29. Path to take to switch over to CMBS or boutique lender / RE company

    My background: 3.25 gpa in finance from a non-target Working in Baltimore for a large balance sheet lender as an analyst I would eventually like to either go over to the CMBS side working in originations or for a boutique real estate firm where I'd b ...

    6 comments - 0 silver bananas - Jan 5 2014 - 4:54pm -

  30. CMBS Bonus Numbers

    Hey guys, Its about that time of year when everyone is getting their numbers. Since spreads came in pretty substantially and these groups on the sell side did well, what kind of numbers are you expecting or already received? More interested in the more ju ...

    6 comments - 0 silver bananas - Feb 10 2013 - 9:43pm -

  31. Buyside Trading CMBS/MBS(Agency and Non-Agency)

    Hi All, An opportunity may come shortly for me at my firm and would like some information on exit opps specifically. Feel free to contribute any another tidbits. I work at a buyside AM firm and have the opportunity to get into CMBS/RMBS trading. Was wonde ...

    6 comments - 0 silver bananas - Sep 15 2012 - 6:48pm -

  32. CMBS Portfolio Analyst Interiew: knowledge of ARGUS or DYNA

    Not sure if this belongs in this forum or the AM forum... I have an interview coming up for a portfolio analyst supporting a securitized PM team (mainly CMBS). Does anyone have suggestions on specifics or general ideas that I should be prepared to answer? ...

    5 comments - 0 silver bananas - May 16 2015 - 3:59pm -

  33. CMBS B-Piece Buyer Dry Powder?

    As you might have deduced from the post title, would any of you care to share how YOU would go about coming up with an educated guess for the amount of dry capital that is waiting around to purchase conduit CMBS BB-NR paper? Not necessarily risk-retention ...

    4 comments - 0 silver bananas - Feb 22 2017 - 5:10pm -

  34. Marketability- Rotational Analyst at major Special Servicer/CMBS investment firm

    Any opinions are greatly appreciated. I have not seen too many articles on here referring to commercial real estate or CMBS firms (yes CMBS issuances are coming back). I recently graduated from a non-target, top 50 state school with a 3.6 GPA. I am curren ...

    5 comments - 0 silver bananas - Sep 21 2010 - 5:04pm -

  35. What does "print red" or "print black" mean

    I have come across this quite often but don't wanna ask in the office. There are questions that are stupid although we all say there isn't. What does "print red" or "print black" mean when issuing a securitization say CRE CLO ...

    3 comments - 1 silver bananas - Apr 16 2019 - 12:12pm -

  36. CMBS 101

    I'm trying to get a better understanding of the CMBS market and how it works. Does the market essentially act similar to Famnie and GSEs, where they buy pools of mortgages, only these are in office, industrial, and development, and the buyers are inv ...

    4 comments - 0 silver bananas - Jun 17 2016 - 10:27am -

  37. Will Housing Ever Rebound?

    In the olden days, before indoor plumbing folk would hoof it to the nearby well for a bucket of water. Being that we overlook how necessary water is for every day function, trips to the well must have been plentiful. I imagine that this is where the expre ...

    4 comments - 0 silver bananas - Jun 1 2011 - 3:10pm -

  38. Would experience as atty in CMBS/RMBS litigation help lateral to business side of RE?

    I am a licensed attorney with a MSRED* (Columbia), and was approached with the opportunity to work on (in temp position mind you- not associate) an ongoing RMBS/CMBS case with the assignment lasting 14 months or so. I have my MSRED, but have zero actual r ...

    4 comments - 0 silver bananas - Dec 5 2013 - 10:13pm -

  39. What exactly is "CMBS Coordination", and what is the upside and downside of applying for such a position?

    I would guess the salary range is 55-65k? With a mid-long term goal of be strictly on the investment side of RE (be it CMBS or property level RE Assets). What is here in terms of growth, future marketability, gleaning skill-sets for entrepreneurial ventur ...

    3 comments - 0 silver bananas - Mar 6 2015 - 2:18pm -

  40. Why CMBS origination? Why Debt? Question

    Hi everyone, I have a final round interview with CEO and MDs at a boutique conduit firm tomorrow. I think I have everything locked down, but since I didn't have any previous experience in the debt site of the world (work in investment sales), I' ...

    3 comments - 0 silver bananas - Oct 22 2014 - 9:10am -

  41. Resume Question- Graduated in 2009 and played hockey

    Hi Guys, I was wondering if you could give me some advice regarding my resume. I graduated in December of 2009, but from 2004-2006 I played Jr. A hockey out west and in Canada. When I was networking my senior yr I included my junior hockey experience on m ...

    3 comments - 0 silver bananas - Mar 6 2016 - 10:41pm -

  42. CMBS Internship vs. Private Equity Internship

    Consider two options on the west coast, specifically Los Angeles. A CMBS (commercial mortgaged back security) finance group with a brand name. They offer a paid internship (think $15+ per hour), and the recruiters mention 80+ hours/week for the summer. In ...

    3 comments - 0 silver bananas - May 19 2012 - 3:10pm -

  43. CMBS Bond Trading- indexed to various curves

    Hi All, I worked on CMBS investment, although it's not my major functions. I got really interested in CMBS bond trading. I do support my boss in bond trading when he or the broker we hired to do a BWIC, like getting Price/Yield numbers from Trepp. (I ...

    2 comments - 1 silver bananas - Oct 30 2018 - 11:13am -

  44. Debt structure help- Life co, CMBS, bank, etc- pros & cons

    Due to the current macro market with 10 year treasury on the upswing, I am curious to better understand the pros and cons of various debt structures from Life co, CMBS, Fannie, bank or other 3rd party lenders. Would like to understand IO, debt cost (float ...

    2 comments - 1 silver bananas - Jun 14 2018 - 6:44pm -

  45. CMBS Banking vs Structuring > > HF

    Between a CMBS banking role (i.e. interfacing with loan sellers, NRSROs, etc.. to bring a securitization to market) or a CMBS structuring role (i.e. modeling cash flows based on NRSRO levels and various b-buyer stipulations), which is better to ultimately ...

    2 comments - 0 silver bananas - Jul 5 2016 - 9:40pm -

  46. CMBS Conduit Datatapes- Efficient ways to download/extract?

    Hello RE Forum- long time lurker here. I currently work in REPE as an associate and a big part of my job is tracking publicly filed CMBS issuances. Basically my task is to extract loan data from prospectus filings and get it into excel so I can analyze it ...

    2 comments - 0 silver bananas - Mar 6 2014 - 3:06pm -

  47. CMBS B-Piece Buyer

    Hello. Just wondering what are your thoughts on somebody joining a Real Estate Private Equity firm which is a major CMBS B-Piece buyer, especially if it is right out of college? Do you think this opportunity would be considered prestigious/special in any ...

    2 comments - 0 silver bananas - Nov 15 2012 - 9:08am -

  48. Wing Chau Sues Author of the Big Short!

    People have no SHAME. Wing Chau, president of Harding Advisory is suing Michael Lewis, the author of The Big Short for "unfairly casting him as a villain." Listen Wing, you cheated investors and blatantly ignored your fiduciary responsibility. G ...

    2 comments - 1 silver bananas - Mar 1 2011 - 1:20am -

  49. Modelling Asset Backed Securities

    Hi all, do you know any good source where I can find more about modelling Asset Backed Securities (and more in general securitized products)? In particular, I am interested in the Waterfall mechanism, even if every deal has its own story. I know that it i ...

    1 comment - 1 silver bananas - Jul 24 2019 - 3:00pm -

  50. CMBS vs REIB

    Could someone please talk about the differences in day to day responsibilities of a CMBS and REIB analysts. What are the differences in pay (analyst, Associate, VP), exit opps, and career progression? Which is best for REPE? Which is better for RE asset m ...

    1 comment - 1 silver bananas - May 8 2019 - 9:47am -

  51. Yield Curve and Spread (I, J, A, Z, S, D, N, E spread)

    I'm working in the fixed income industry at a debt fund investing in CMBS bonds. I help calculating bond's Price/Yield analysis, and hear a lot of spread, yield curve. My question here are specific to different kind of spread/curve: On Bloomberg ...

    1 comment - 1 silver bananas - Mar 3 2019 - 12:08am -

  52. CMBS Trading

    DeletedDeletedDeletedDeletedDeletedDeletedDeletedDeletedDeletedDeletedDeletedDeletedDeletedDeletedDeleted CMBS MBS analyst real estate bulge bracket ...

    1 comment - 1 silver bananas - Feb 12 2019 - 4:18pm -

  53. Free research CMBS

    Are there any sites or free services that allow you to search for terms on a loan in a CMBS, or terms on agency loans? CMBS Real Estate loan ...

    1 comment - 1 silver bananas - Feb 23 2018 - 10:11am -

  54. How to cope and produce high quality work in a BB CMBS shop?

    About to start at a top tier CMBS shop and is worried about maintaining the high level of attention to details as the working hours increase throughout the day/week. Appreciate any feedback on any tips to keep the energy level high. I'm interested to ...

    1 comment - 0 silver bananas - Sep 20 2017 - 5:13pm -

  55. Day-to-day job ABS Investment Analyst

    Hello, was wondering what a junior investment analyst in the ABS group within a fund does on a daily basis? How good is it in terms of skillset in couple of years time? (ideally non-performing-loans sub group in places like Apollo, PIMCO, Fortress etc, wo ...

    - 0 silver bananas - Mar 26 2017 - 7:34am -

  56. Where are my buyside CMBS people at

    Any fellow NYC-based buyside CMBS traders/PMs/analysts lurking around here? I need someone to talk shop with. First round is on me *No axe murderers please CMBS ...

    1 comment - 0 silver bananas - Jul 21 2016 - 6:58pm -

  57. CCRE

    Anyone have any experience working for or with Cantor Commercial Real Estate (CCRE)? What are your thoughts? Ccre Real Estate CMBS ...

    - 0 silver bananas - Apr 8 2015 - 9:53pm -

  58. Analyst interview at private investment management. What to expect?

    I have an interview coming up and am wondering the following: First, for background the job functions are CRE debt (cmbs, mezz, jr, etc.) and outright asset purchase across all real estate. 1. expected comp? Firm is under 1 billion in aum. under 500mm in ...

    1 comment - 0 silver bananas - Jan 16 2015 - 1:40pm -

  59. CMBS vs. PERE vs. Mezz Lending- Next Move in my Career Path???

    So I am beginning to look for the next move in my RE career. I started out as a quant analyst in IB and eventually made the shift over to CRE in a sort of hybrid bond/ CRE role at first focusing on debt securities and lease securitizations for real proper ...

    - 0 silver bananas - Aug 20 2014 - 2:48pm -

  60. BB Hiring through 3rd party consulting firm

    I currently have an offer at a BB bank in one of their originations groups for an associate level position (previously did a 2-year analyst stint at another bank). Interview process went smoothly until the very end when I was told the bank doesn't hi ...

    - 0 silver bananas - May 14 2014 - 7:31pm -

  61. Anyone attend CREFC in Miami Beach this year? What was the takeaway message on the health of the industry/market?

    Anyone who attended CREFC this year, what were your impressions of morale relating to the industry as a whole (and the change in locale to Fontainebleau)? Secondly, and more importantly, what are your takes on where the money is headed given the significa ...

    - 0 silver bananas - Jan 23 2014 - 7:25pm -

  62. CMBS offering/loan info- Do i need a bloomberg?

    if i know the name of the cmbs offering, how can i find details on the individual notes within it? can i do this without a bloomberg? CMBS ...

    1 comment - 0 silver bananas - Apr 11 2013 - 11:03am -

  63. B Note Valuation Model

    Hi, Does anyone know how to build a model to value B Notes / junior tranches on a securitization? Are there any online resources? I have been looking for about a week and couldn't find much besides model to create a cash CDO. Thanks in advance. CMBS ...

    - 0 silver bananas - Feb 12 2013 - 7:21pm -

  64. A straight up buy-side trade execution job?

    I have an interview for the below position in ABS /CMBS trading in the investments group of a major insurance company. I am trying to figure out if this is a more substantial position than a strictly buy-side trading execution job. Any thoughts would be g ...

    - 0 silver bananas - Feb 28 2012 - 12:51am -

  65. CMBS / Structured Finance Headhunters NYC

    Looking for a good headhunter(s) that specialize in the Commercial Mortgage Backed Securities / Real Estate Structured Finance world in NYC. Any recommendations would be great. Any word on whose hiring?? Thx CMBS ...

    - 0 silver bananas - Jun 18 2012 - 8:40pm -

  66. Struc Fin Interview-HELP!

    I have a phone interview TOMORROW for an associate position within a large and well-known insurance companies Investment Management division. Specifically, the position is not directly front-office, but more mid-office in a structured finance risk/oversig ...

    - 0 silver bananas - Feb 17 2011 - 3:35pm -

  67. Struc Fin Interview- HELP!

    I have a phone interview TOMORROW for an associate position within a large and well-known insurance companies Investment Management division. Specifically, the position is not directly front-office, but more mid-office in a structured finance risk/oversig ...

    - 0 silver bananas - Feb 17 2011 - 3:34pm -

  68. CMBX Index

    Need historical data on CMBX index (from what I read it details 25 tranches and was created in 2004). I keep going to the website of "Markit" (the originator of said index) and that hasn't been helpful. If anyone can pull some information f ...

    - 0 silver bananas - Jul 28 2009 - 5:27pm -

  69. CDO Products- CLO/CMBS/ABS

    I currently intern on a fixed-income trading desk specializing in the aforementioned products. Just want to know if anyone else out there is doing this stuff too. It would be cool to hear what your firms are saying (obviously without revealing too much). ...

    - 0 silver bananas - Jun 30 2009 - 10:27pm -