Is Freddie Mac multifamily underwriting a good experience for getting into CRE?
[{"id": "dmmjuiu", "text": "yes, at least for multi-family.\nIt may place you on a debt track.", "replies": [{"id": "dmns1f6", "text": "What are an example of a few positions on the debt side of CRE at say a JLL, CBRE etc", "replies": [{"id": "dmo4jlz", "text": "Well it means being a mortgage broker ; although that is too simple. Every deal needs debt - period -and those that have the contact, experience and know how will make money helping buyers get the best debt.  See Brian Eisendrath at CBRE for instance. \n\nBut even on the private equity side we have a guy \" SVP of capital markets' who is priamatily reposnble for getting the best debt on all deals as well as refinancing.\n\nWorking at either of the agencies (fannie, Freddie, FHA) will give you the experience and contacts. Take a firm like Berkadia ALL of their very senior guys have some experience at the agencies - some were there for decades.", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "dmz4g0e", "text": "Yes if you want to work in lending. \n\nAlso if you go that path don't waste your time with debt placement look at next step going to a debt fund or bank - originations side makes a lot more than brokers and is more interesting work. ", "replies": [{"id": "dn2572h", "text": "What is the difference and what are the pros and cons of each", "replies": [{"id": "dnahrmw", "text": "Pure debt brokers are just that they are middlemen in a transaction connecting lenders and borrowers, but have no decision or input in actual underwriting or approval. Now some groups are a little bit of both say berkadia - which can act a broker for lie companies. CMBS, bank balance sheet - but berkadia also has a balance sheet and can lend (buffets Berkshire Hathaway half owns berkadia - the other half is owned by leucadia) - a pure debt fund has raised money from investors to invest in Debt. When you work directly for a debt fund - we\u2019ll you are the bank - .\nEverything is always more complicated and nuanced then a short post can elucidate. ", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}]