CWCapital LLC Reviews | Glassdoor

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CWCapital LLC Reviews

Updated October 2, 2017
22 reviews

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2.9
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Charles R. Spetka
7 Ratings

22 Employee Reviews

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  1. "Great Experience"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at CWCapital LLC full-time (More than a year)

    Pros

    Not sure why so many negative reviews. Overall great experience, learned how to underwrite every asset class which is a very valuable skill in the RE space. Comp is above market and work/life balance is fine (off by 6-7 unless there are project deadlines). Also there is a great deal of independence as long you get your work done.

    Cons

    Although great benefits (including 40 hours of training and a portion of paid tuition/year), HR is terrible.

    Advice to Management

    N.A


  2. "Office Manager - Executive Administrative Assistant"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Office Manager - Executive Assistant in Baltimore, MD
    Former Employee - Office Manager - Executive Assistant in Baltimore, MD
    Recommends

    I worked at CWCapital LLC (More than 5 years)

    Pros

    Good work place environment with current technology.

    Cons

    No chance for advancement or change of job.

  3. Helpful (4)

    "A sad, sad place"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at CWCapital LLC full-time

    Pros

    There are some good people that work here. Some smart people who, probably at one point, did really care. For a select few people there is some schedule flexibility. Health insurance is good.

    Cons

    Company is run like a dictatorship. Even Managing Directors have zero ability to make decisions and a few of them have been so blatantly set up to fail that they’ve just given up all together. Every single decision is run through the president so even the simplest thing (that employee needs a new laptop, for example) take forever to get done or it's never completed at all. There is a re-org every couple months but the results of that re-org are never communicated to the employees. One employee learned her new manager based on the person her expense report was sent to.

    In fact, nothing is communicated to the employees. Much like a dictatorship, there is ZERO transparency at every level and lots of secrets. Decision making from the top is non-existant. No idea how anything gets done.

    Everything is blamed on tough ownership (Fortress) but truly there is just no leadership at this company, no strategic direction, no support for employees. A business is a business and itis there to make money, no doubt. However, the amount at which this company disposes of and loses employees without a care in the world is absolutely egregious. They trim budgets by taking money out of employees pockets or tightening up on expense reports (not covering that Starbucks bill!) but they fail to see that real savings could be made by employee retention programs, employee betterment programs and training (outside of the rating agency required training), etc.

    The culture here is non-existent. It's absolutely abysmal. They have zero concern with culture whatsoever. Providing lunch on Fridays and breakfast every morning (which is taken away at 9:30am sharp even if there is tons of food left - Do not be late to work!) doesn’t foster happy employees, actually: it makes employees fat and resentful.

    Advice to Management

    I am completely at a loss. Much like the current leadership, I have no idea how to fix this broken, sad place.


  4. "Admin"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    Pros

    Great place to work. Flexible schedules

    Cons

    None. Great people to work with


  5. "Great Summer Internship"

    StarStarStarStarStar
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    Pros

    Helpful staff and extremely warm and welcoming environment. Benefitted greatly from an abundance of autonomy, but still received much needed direction

    Cons

    Not many downsides. Sometimes the office moral felt a little bit low and there wasn't as much of an up-beat tempo as I would have liked, at times.


  6. Helpful (2)

    "Good company & good people; bad outlook & bad ownership"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Associate
    Former Employee - Associate
    Recommends
    Negative Outlook
    Approves of CEO

    I worked at CWCapital LLC full-time (More than a year)

    Pros

    The company is comprised of smart people with a wealth of different backgrounds in real estate finance from CMBS trading & originations, special serving, lending, investment banking, appraising, asset management, etc. Managers will let you take on as much slack as you can handle and it is possible to develop a strong reputation quickly if you put in the hard work due to the high turnover within the company. Because of the unique/niche real estate area in which the company operates, you also get great exposure to unique real estate situations and can develop a fairly strong real estate acumen in a short time.

    The company seems to care about its employees and does quite a bit (reimbursements, travel, company events, etc) to show that it cares. The culture is pretty laid back and everyone always seems willing to help. The compensation is good but less than that at, say, an investment bank or RE investment shop, which is understandable due to the nature of the business.

    Cons

    The ownership and business plan. The company is owned by a large hedge fund/PE firm, Fortress IG, and their goals for CW frequently change; there is little communication as to the desired direction of this change and Fortress seems to care little about the employees of the firm. There are several lingering elephants in the room at the company, such as 1) the imminent sale of several large assets that comprise the majority of the company's revenue, 2) the company's outward apathy (or Fortress's unwillingness) to try to generate new special servicing business, 3) the company's shrinking staff (and empty cubicles) brought on by the bullish real estate market, and 4) the company's ever-changing business plan (from bond shop and originator to special servicer to who knows what next), that has many employees worried as to how long the ride will continue (especially with Fortress at the helm looking to squeeze out every last penny). Fortress's stripping of the company has left few self-sustainable business lines at CW and nobody is sure what the future of these businesses will be or even where the company will be at 6 months in advance.

    Advice to Management

    Give clearer guidance as to the direction of the company if you want to retain talent as job security is a constant conversation topic around lunch tables at CW. The company has many talented employees who are capable of generating new business if they are given the opportunity. The entrepreneurial aspect of the firm is what grew the company into what it is today, so don't let Fortress tear it all down in the matter of a few years; you won't be around much longer if it continues to occur and it may already be too late.


  7. "OK spot in a downturn"

    StarStarStarStarStar
    Former Employee - Anonymous Employee in Bethesda, MD
    Former Employee - Anonymous Employee in Bethesda, MD
    Doesn't Recommend
    Negative Outlook

    I worked at CWCapital LLC full-time (More than 3 years)

    Pros

    Lots of exposure to deals of all types and sizes. Coworkers generally have a good attitude. Office is nice. They reimburse for dinner if you work late.

    Cons

    Pay is low. Little room for advancement. Moral is low. Heavy workload with little support. Office politics get old fast.

    Advice to Management

    Make the requirements for promotion more clear. Increase pay for quality employees. Increase time off. More job specific training. More admin support.

  8. "Analyst"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Real Estate Analyst in Bethesda, MD
    Current Employee - Real Estate Analyst in Bethesda, MD
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I have been working at CWCapital LLC full-time (More than 3 years)

    Pros

    Strong network of individuals, from a variety of successful backgrounds.
    Lunch provided on Friday.

    Cons

    Limited interaction with senior management, or the ownership group Fortress.
    Roles not clearly defined between titles. Many analysts were doing the same job description as those with higher titles within the group.
    Pay was below market.

    Advice to Management

    Have more clearly defined roles for analyst positions. Show a clear path, with feedback, as to what is required for success and advancement.


  9. "Analyst"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Neutral Outlook
    Approves of CEO

    Pros

    Seasoned professionals with deep industry connections. Smart people at all levels. Friendly admin staff. Free lunch for Friday and training sessions.

    Cons

    The business model is a bit narrow. But overall, it is a good company for young folks. It could be stressful due to the nature of the business.


  10. "good management, low pay."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Approves of CEO

    I have been working at CWCapital LLC full-time

    Pros

    working envionment, good mgmt, good atmosphere

    Cons

    low pay, no room for advancement


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