Getting to Bond Street
A short history of the Bond Street Capital Companies.
The Bond Street story begins in 1988 when the company was known as Western Realty Investors. Joseph Forman formed the company as a real estate acquisition and investment advisory firm. Prior to striking out on his own, Forman was the senior executive in charge of a real estate acquisition and development division of a major Los Angeles based financial institution.
In the early 1990’s, the company began originating loans as a mortgage banking correspondent/broker. The company represented a number of life company and other institutional investors through the difficult years of the real estate recession of the early 1990’s.
In 1997, Forman formed a sister company, Rainmaker Financial Affiliates. Rainmaker was a marketing firm sourcing business for thirty institutional clients from a proprietary broker network of over 1500 commercial mortgage originators.
In 2002, Bond Street Capital Corp was formed as a direct lender to originate CMBS loans for client institutional lenders. Between 2002 and 2007, Bond Street originated nearly a billion dollars of commercial and multi-family property loans as a lender and correspondent through its twenty-eight affiliated offices. These loans were sold to over dozen institutional and private investors.
In 2008 Bond Street went back to its roots and focused on representing Borrowers. Since then, Bond Street has originated loans across all property types with intuitional lenders, equity, debt funds, and private investors for a select group of best-in-class sponsors and developers.
Bond Street continues to focus on providing quality advisory and financial brokerage services to its national client base.
