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The firm wants to boost originations to about $1bn quarterly.
Borrowers, lenders and investors should stay focused on the potential impact of rising insurance costs.
The San Francisco company is raising capital for its third Opportunity Zone fund.
The firm has just closed a $7.25m senior bridge loan on a San Francisco property.
Though the firm is worried about the impact of rising construction costs.
The lender is financing LendLease and Aware Super’s development on a downtown apartment tower.
The launch of SCH Trading comes after the company sold its commercial real estate lending business to Regions Bank last month.
The US manager now invests more than $150bn on behalf of insurance companies.
Berkadia, which arranged the financing, wants to carve out a niche in the sector.
Underwriting loans in the sector could become more difficult if wages aren’t commensurate with rent increases.