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Hello fellow Fishes I have an offer from persistent. Need some clarity on same. I want to know the grade system in persistent. What does 7.1 mean? Is 7.1 a right fit for an total experience of 10+ years? What is the appropriate CTC for an architect designation? I want to know if I am getting it as per experience.
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Pro forma or proforma?
What are the top firms for RE in Seattle?
Any insight into DLA transactional RE in LA?
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I am on the debt side working with a bank. As an associate I’m touching 3-5 deals at a time from start to finish which is great because we get to dive deep while also seeing various product type.
If your looking for that in between it might be for you or a good spot to step into while accessing what part of the cre market you’d be interested in next since you get to work with all parties in the transactions
I do lender side finance but our deals are too complicated (we do a lot of complex construction finance, large portfolio deals, across from big sponsors etc.) to run that many - I run 3-4ish at a time (I’m senior) and there’s always a handful of loan servicing work on loans I’ve previously closed to keep me busy as well. However, my firm also has a huge equity side practice and a respected land/use development practice in some geographies. I’d find a firm like this where there’s a variety of work and you can pick and choose so you’re not getting pigeonholed too early.
DM me if you’d like, we’re hiring and I really like my firm and my practice.
I do owner/lender side development and construction contracts. Highly recommend.
Deal volume is similar across Private Equity (LP) and Lending. The pace is much slower in development (GP) or commercial bank CRE lending. Smaller debt shops may have better work life balance.
Curious about this as well, as I see general transactional, land use and PE/joint venture as the three main opportunities for a RE associate.
I'm on the Capital Markets/Investor Relations side of CRE. I enjoy it because there's still an M&A aspect with analyzing trends and DD practices. For me it's all about working around capital raises and project valuation/financial analysis.
This sounds interesting. I sent you a DM!
I’ve mostly been on the transactional side of CRE. Typical “live deal” volume is 3-6 deals at various stages, with about the same number of matters (sometimes more) that need some kind of post – closing or asset management kind of attention.
I’ve typically done bigger deals (average asset trades for 30 or $40 million per sight, often packaged together in portfolios of multiple sites) which have long fuses (45 to 90 day inspection period, 30 days to close, negotiation of purchase agreement often takes a couple of months), which require a significant amount of due diligence and sometimes include a licensing component, so handling more deals than that as a lewd would be challenging, particularly if contract negotiations, diligence period expirations, or closings overlap.
Where are you located OP?
Joint venture practice is fun because you are negotiating the split and economics and get visibility into that part of the deal. It’s like corporate, but different. Being on the lender side is my least favorite CRE role.