BayView Financial Trading Group, well known in the home loan industry as an adviser on mergers and a broker of servicing rights, is expanding into commercial mortgages.

In June the Miami investment bank began originating small commercial mortgages through brokers and correspondents. It expects to add from $300 million to $400 million of commercial mortgages this year, including portfolio purchases, and aims to carve a niche as an alternative to so-called hard-money lenders.

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