Commercial Real Estate Direct Staff Report
Silver Hill Funding, which only recently moved back into the business of originating small-balance commercial mortgages, is looking to once again carve out a dominant position in the market niche.
A predecessor company had been among the most-active players in the sector until the market’s collapse in 2008. In 2007, for instance, it wrote $3.5 billion of loans, funding its activity by securitizing its originations just about every other month. But when the residential mortgage market imploded, it took the small-balance commercial market down with it.
Silver Hill laid low for seven years. Late last year, however, it decided to move back in, driven in part by the expectation that banks would become less dominant as regulatory pressure mounts.
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