You can learn a lot about commercial real estate and specialty finance. They will give you a chance when no other firm will.
Cons
You are given a small advance that is not nearly enough to cover your expenses if you live anywhere near the city.
They clearly violate IRS regulations on 1099 contract workers - they demand certain hours and run reports on your call/email metrics.
The interest rates on lending products are not competitive at all and they are effectively pricing themselves out of the market.
All of the business comes from house accounts and they do not have the resources to review originators' deals. This means that when you get a good deal, they may not be able to work with you on it because the pipeline is jammed with senior management's business. Any deal that an originator closes is essentially "extra" business, so senior management does not truly value the sales team.
Commission split is low for the industry.