Broker Referral Program

Bluestone is a small balance private credit fund manager with a particular focus on issuing commercial real estate bridge loans to real estate investors and small business owners. As a direct lender, Bluestone utilizes balance sheet capital to underwrite, fund and service loans in-house.

Direct Lender

  • Brokers have direct access to the Bluestone underwriting team.
  • Our transparent process and in-house capital allow for certainty of execution.

Quick Closings

  • Bluestone is able to close within 2-3 weeks and, in certain instances, has closed within 72 hours.
  • Pre-approvals or term sheets are provided within 24 hours of loan submission.

Broker Protection

  • All borrower fees are disclosed on the term sheet, including any fees paid to brokers.
  • Brokers can also receive a yield spread on Bluestone’s origination fees, to be paid post-closing.

Low Fees

  • The term sheets outline all fees so borrowers can accurately determine required closing funds.
  • Bluestone maintains low underwriting and servicing fees as well as competitive rates.
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Frequently Asked Questions

What does Bluestone require in order to issue a term sheet?

Generally speaking, Bluestone can provide a soft quote after the application on our website is completed. To receive a formal term sheet, a broker or borrower will need to verify the application details with a person financial statement, leases and property financial information.

How do brokers get compensated for referring deals to Bluestone?

Once a loan package is submitted to Bluestone, a broker may provide their fee to include on Bluestone’s term sheet. All brokers are protected as their fee is disclosed on the term sheet and paid at closing. Alternatively, brokers may charge a yield spread on Bluestone’s origination fee which will be paid to the broker post-closing.

How long does it take for Bluestone to close a loan?

Bluestone can typically close a loan 14-20 days after the term sheet is signed. In certain cases where third party reports are already complete, Bluestone can close within 5 business days.

How involved does a broker have to be in the transaction?

A broker may choose how active he or she is in the loan process. Some brokers prefer to provide loan packages and allow Bluestone to communicate directly with the borrower throughout the deal process. Other brokers act as an intermediary and will report back to Bluestone once information is provided to them by the borrower. In either case, the broker and borrower have direct access to Bluestone’s underwriting team.

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