Here’s how much a commercial mortgage broker can make in South Florida

Brokers and bankers typically charge a 1% “loan origination fee"

Feb.February 08, 2018 09:45 AM

(Illustration by Andrew Colin Beck)

From the winter issue: As commercial real estate plugs along, commercial brokers, leasing agents and lenders are banking on a steady stream of business to pay the bills.

In South Florida, commercial mortgage brokers who shop for loans with a number of banks are more common than mortgage bankers who work with only one institution, said Thomas Wood Jr., president of Thomas D. Wood and Company, a Miami mortgage banking firm.

Wood’s firm provides mortgage banking services for lenders. “The last three years have been steady — most of our business is in the $1 million-to-$20 million loan amounts, and there are more smaller loans to originate than larger loans,” he said.

The Real Deal spoke with industry veterans and dug into public records to get a sense of the incomes across a dozen of the more popular fields in real estate, and to gauge the effects — if any — the market slowdown is having on earnings.

Like most sales professionals, commercial mortgage brokers and bankers charge a commission for their services. They typically charge a “loan origination fee,” which is about 1 percent of the loan amount, paid by the borrower at closing. According to, mortgage brokers in South Florida earn an average annual income of around $77,700. The site found that mortgage bankers in South Florida make about $68,000.

Click here to read more of “Making bank?” from The Real Deal South Florida‘s winter issue.

Related Articles

Rendering of the Brickell hotel development, Tony Cho and Robert Finvarb

Finvarb and Cho land construction loan for mixed-use hotel near Brickell City Centre

State report finds open gas valve fueled building explosion at Plantation shopping center

Bayside Marketplace is planning another high-rise entertainment venue with a view

Construction of downtown Hollywood high-rise may start soon

South Florida firm, partner acquire Tampa office building for $29.4M

Developer borrows $105M, breaks ground for mixed-use Flagler Village project

Moishe Mana plans mixed-use project with logistics theme next to airport in Panama

Neiman Marcus CEO Geoffroy Van Raemdonck (Credit: Getty Images)

Struggling Neiman Marcus scores loan from Credit Suisse for Coral Gables store