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 President of CSL Realty
Advisors; a real estate acquisition
and development division of a major
Los Angeles based financial
institution.
In the early 1990's, the focus of
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
following of the early 1990's.
In 1997, Forman formed a sister
company, Rainmaker Financial
Affiliates. (RFA) RFA was a
marketing firm sourcing business for
over thirty institutional clients
from a proprietary broker network of
over 1500 commercial mortgage
originators. At the same
time, Western Realty changed its
name to The RainMaker Financial
Companies.
In 2002, Forman established the Bond Street Capital
Corp in partnership with Barry Reiner.
Mr. Reiner was the former Managing
Director of Capital Markets for
Commercial Real Estate Finance for
First Union Securities.
The focus of Bond Street was to
originate loans as a lender. Between
2002 and 2007, Bond Street
originated nearly a billion dollars
of commercial and multi-family
property loans as a lender and
correspondent. These loans
were sold to over dozen
institutional and private
investors.
In 2007, with the untimely
passing of Mr. Reiner and the
changes in the market, the
company determined that it made
sense to stop maintaining three
operating companies. In early
2008, The RainMaker Financial
Companies changed its name to The
Bond Street Capital Companies.
All loan origination activities of
the three companies are now executed
through The Bond Street Capital
Companies.
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