• Where are the current Bond Street Branches located?  All Bond Street originators are identified on our corporate web site.  Please click here to visit the Contacts page on our public website.

• As a broker, I keep 100% of my fee. What are the benefits of being a Bond Street corporate office that off-set the loss in fee?  There are a number of reasons to join Bond Street. 
  • Functioning as a lender or a representative of the capital is always an advantage when your competing for the business.  Many borrowers see brokers as an unnecessary cost will entertain financing opportunities offered by lenders. 
  • There is "power in numbers" and collaboration is the key to being competitive in today's highly complex world of real finance. You will have access to market information that an individual broker simply cannot get.
  • Corporate offices can draw on the resources of the highly experienced and skilled staff at Bond Street to process and close the loan allowing the originator to focus on finding new business.
  • Corporate offices also receive marketing identity, lead generating relationships and actual leads.
  • Bond Street has access to capital sources and decision makers not readily available to the average independent broker.
  • Bond Street typically receives extra compensation in transactions.  Originators can often make more than they would make operating on their own.

• If  I join you, am I still permitted to broker loans  outside of Bond Street Investors?    Bond Street first and foremost acts in the capacity of a lender.  We represent the interest of our Investors and we honor our Investors and our Correspondent relationships by first focusing our energies on originating loans for them.  When you become a Bond Street Corporate office, you commit to marketing Bond Street loan programs first. If Bond Street does not have a competitive program than we want you to broker that loan and we will support you by helping to find the most competitive lender in the market. 

• If I broker a loan, do I have to pay Bond Street a fee?  If you join Bond Street you are part of the company even though you will be receive a 1099 at tax time.  All transactions flow through the company.  We make no distinction, for compensation purposes as to what Investor or lender provided the capital.

• How does Bond Street determine whether a candidate is qualified to join Bond Street?    A candidate for a Bond Street Corporate office is most likely an experienced commercial real estate professional that wants to function in the capacity of a lender and is committed to integrating into Bond Street for the long term.  For the exceptional individual without a commercial lending background, Bond Street will provide training.  The key criteria, however, is an outstanding track record in sales.

• What support does Bond Street provide its Corporate offices?  We view our Corporate offices as partners in the process of sourcing and closing commercial real estate loans.  On the marketing side we are committed to creating a national, recognizable brand name that enables an Originator to have more clout in its market.  We provide marketing materials, lead generating relationships, a problem solving, collaborative, environment, access to new lenders, Investors and programs.  Bond Street will help you generate marketing campaigns, provide resources for identifying candidate borrowers, and of course processing and closing your loan.

• Does Bond Street ever send me leads?   Most leads generated from Borrowers in your market will be distributed to you.  However, we believe that 90% of all generated transactions develop from local marketing initiated by the Originator.  We will support local marketing efforts.

• Can we broker deals to Bond Street instead of becoming a Corporate office.   Bond Street will generally accept brokered transactions in markets where we do not have a Corporate office or where a broker is contemplating becoming an Originator.  We will provide wholesale pricing to the Broker.  We will not accept brokered transactions where multiple brokers are involved.

• Can we originate deals generated by brokers?  Time and time again we see that Originators that focus their marketing to mortgage brokers eventually fail.  We support marketing campaigns that target generating loans from Borrowers.  However, we will permit Originators to generate loans from mortgage brokers provided that the total fees are reasonable and that our Originator gets control of the transaction and has a direct working relationship with the Borrower.

• What are the compensation arrangements between the Corporate Originators and Bond Street?  Revenue sharing starts at 50/50 and escalates to up to 70% for the stellar performer. Revenues do not include processing or underwriting fees.  Bond Street pays for marketing, telecommunications, specialized software, company retreats and certain other expenses. Bond Street typically does not pay for office space. The Corporate Office Agreement will provide extensive details on the compensation arrangements.

• I have an established company.  What happens to my company identity?   When you join us you now part of Bond Street. You will need to cease doing business in your company name.  Your activities are governed by our contract, Code of Ethics and the rules identified in our Originator handbook.

• How long will it take to start generating income?  That depends. If you are an experienced commercial originator, your time frame will most likely be much shorter than an originator that we have to train.  Generally, a rookie to the business can expect that it will take six months to start generating meaningful income.  First, you need to learn the programs and commence marketing.  Once you start generating deals that we begin processing the closing time in commercial is typically 45 to 60 days.  You need to have the personal resources to sustain through this start up period.  Keep in mind that even with all of our support, as a commissioned person, you are building a business and that takes time.

• Are their performance quotas?  Yes.  Bond Street makes a significant commitment to the success of each originator.  This commitment is both in time and financial. We need to see results to continue to support the originator.   These quotas are realistic, however, and easily achievable for the Originator that makes the effort.  Quotas vary based on time with the company and market size. 

• Does the contract have a minimum performance period?  Either you or the company may cancel the contract at any time.

• Will I be the only Originator in my market?   Bond Street reserve the right to have multiple originators in the same market.  The factors governing whether we have multiple originators in a market include the size of the market, the performance of the existing originators and the business focus of the existing originators in the market.  For example, in some markets we have Originators that focus on a specific property type or program.  Adding additional Originators is necessary to make sure all of our programs are being marketed.

• Can I speak with your Corporate offices about the benefits of joining Bond Street.  After you have a executed Confidentiality Agreement, we will be happy to alert our Corporate offices that they are free to share confidential information with you. 

• Are all loans funded in the name of Bond Street?  No.  Most loans are funded in the name of Bond Street.  For some programs that are early in the development process we take applications process in our name and close in the name of the investor. For some programs, Bond Street is a Correspondent. In those programs, typically the application is taken in our name and the loan funded in the name of the investor. 

• What functions and control do the Corporate offices have?  Does the Originator ever interact directly with the Investor?  Originators are responsible for generating loan opportunities.  Once an transaction is put in application, BSC manages the transaction and the Originator manages the client.  Originators generally have full access to our investors.  In some cases, particularly new relationships, Deal Managers must review the transaction prior to submission to the Investor.  Our view is that Originators are partners in the loan origination process and every element of the process should be transparent.

• What is the next step in the process?   Once you express your interest in becoming a Corporate Originator you must send us the a signed Confidentiality Agreement (see below) Upon receipt of the Confidentiality Agreement, w we provide you with an Independent  contract.  We also run credit and a criminal and civil litigation background check.  You will also be interviewed by senior management and staff.  If it looks like a good fit for both you and Bond Street, you will  execute and return the Independent Contractor Agreement and we will commence the process of integrating you.  It takes approximately 10 days to get all of the technology in place. 

Download Confidentiality Agreement