Tracy Chou, CFA, Vice President, Bank of America Securities
CREFC Women’s Network Member
Connect With Me:
Tracy.Chou@bofa.com | LinkedIn
I joined PriceServe in Bank of America Securities pricing CMBS/commercial mortgages three years ago.
I priced more than 10,000 bonds every day. The market was extremely volatile in March 2020. I was so busy adjusting the prices every day.
After that, the spread has been tightening all the way in.
I can’t believe I’m seeing single digit basis point on some products now! Prior to PriceServe, I worked on distressed European commercial mortgages on all kinds of property types such as nursing home and multifamily.
It was interesting to see how deals progressed in a different continent.
I started my career in PwC's Commercial Real Estate group conducting due diligence and working on cash flow models.
I’ve worked on more than 20 deals, $5bn up volume. Then, the 2008 financial crisis hit and I moved to UBS, one of the largest owners of structured products (including CMBS) at the time, to price their $4bn portfolio. I saw prices moving down like roller coasters during the crisis.
Can you believe AAA was once sold at 85h?
I’m a member of CREFC Women’s Network and the Diversity, Equity and Inclusion Committee.
I’m glad to meet many successful women in the commercial real estate industry.
CREFC has done a great job connecting members.
I believe cultivating good relationships lead to a successful career.