Last week, Bridger Commercial Funding, based in Mill Valley, Calif., completed its second major securitization, in which it contributed $175 million of loans to an $816 million commercial mortgage-backed securities pool.

The CMBS deal, offered by Prudential Securities and Salomon Smith Barney, was backed by mortgages secured by a wide range of commercial real estate asset types. Greg Saunders, Bridger's chief financial officer, said regional and community banks are recognizing the fee income potential of origination loans for sale to the CMBS market.

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