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While there is some potential for operational issues, all systems are go for the shift.
The workhorse of the commercial property finance market is down but might not be out.
The move comes as the Securities and Exchange Commission in October published a report calling for greater access to private funds for individual investors.
The firm's model is to bring borrowers directly to lenders for a flat fee.
The launch of SCH Trading comes after the company sold its commercial real estate lending business to Regions Bank last month.
Commercial mortgage servicers are finding it tough to attract and retain staff.
The BlackRock vehicle is the only passively managed dedicated CMBS ETF.
The move comes as more borrowers are turning to non-bank lenders.
Projections for conduit issuance remain unchanged.
Lenders are hopeful but cautious as the covid-19 pandemic drags on.