Second Interview at Quasi-PE Real Estate Investment &amp; Specialty Finance Firm
First reddit post so I know I may get ripped for not posting in the right threads. As the title states, I have a second interview for an Investment Analyst position with a Southeast-based firm. The firm primarily serves as LPs (mezz debt, pref, and joint venture equity) to sponsors and operators for the ground-up development of single-tenant retail and multifamily properties, however they also acquire and reposition some assets in-house as well. The position responsibilities include investment analysis and asset management, so a combination of financial analysis, communication with developers and legal counsel, creation of investment memos and offer deal sheets, and monitoring the performance of existing investments.

The first interview was a phone call with a current Associate at the firm who I'd be working with directly. The call went great and the recruiter contacted me 15 minutes afterwards to notify me the company would like to take the next steps. I now have a second in-person interview with the Managing Director and the Associate at their office later this week. They asked me to send them a recent DCF valuation that I created for a multifamily investment sale at my current internship, and they said it looks organized and very well thought out. I'd like to know if anyone has any advice for the types of questions they might throw at me or any opinions on what I can expect from our conversation? It's a family-owned firm with less than 15 employees, so I'm wondering if this is the last interview they'll make me do, or if I should expect more? Also, since it's a small shop and they've already seen my modeling work in Excel from the DCF valuation I built, I'm not really anticipating a modeling exam/Excel test. Any thoughts would be greatly appreciated.

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Some additional info: coming out of grad. business school from top 10 public university with 1+yrs. relevant internship experience in commercial real estate. I have my FL Real Estate Sales Associate License as well.  

[{"id": "e96p1u4", "text": "This sub can be hit or miss, I'd suggest cross posting to Wallstreet Oasis if you haven't already. Wish I had more to contribute. Best of luck. ", "replies": [{"id": "e96s8s2", "text": "Thanks just posted on there. ", "replies": [], "depth": 2}], "depth": 1}, {"id": "e96ti13", "text": "do you know roughly the split between retail and MF? i work private equity in MF so i could help with any questions you might have there.. seems like quite a variety of job duties so im assuming its fairly small in size", "replies": [], "depth": 1}, {"id": "e9728aq", "text": "Woah I think I was contacted by a recuiter for this very same firm, is it in Florida and begin with a V? Also I think you should be fine, just know the model you made and have a couple killer questions ready. I currently work at a small REPE shop and it is all fit based, my interview was a couple technical and then shooting the shit. They will spend the next 2-3 years with you so they want to make sure you are at least normal. Good luck man!", "replies": [], "depth": 1}, {"id": "ea0ia4d", "text": "When you ask what questions should you expect, are you speaking in reference to their review of your MF model, or are you curious about their non-technical / non-modeling questions?", "replies": [], "depth": 1}]