Commercial real estate firm World class capital group is eyeing an expansion into mortgage lending and debt securities, a person with knowledge of the matter told IFR. The company, founded in 2007, has focused on owning and developing commercial real estate from its offices in Dallas and New York, but it is now making inroads into areas where big Wall Street banks have scaled back. It bought its first CMBS "B-piece" - the riskiest tranche of commercial mortgage bonds that are typically sold only to a niche set of investors - in November.
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