Bridger Commercial Funding LLC, a new commercial mortgage conduit, wants to bring small community banks into an arena dominated by Wall Street.

Founded in April by two veterans of BankAmerica Corp.'s commercial real estate business, Bridger plans to work behind the scenes with local banks nationwide to make the kind of loans historically handled by Wall Street's conduits. The Mill Valley, Calif.-based firm will then aggregate the loans into large, geographically diverse pools that can be securitized.

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