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NEW YORK CITY-RBC Capital Markets is rolling out a mortgage capital business targeting CMBS and CDO vehicles. According to a statement, the launch will be an extension of the firm’s Canadian platform, which last year closed $655 million in securitizations.

Heading the operation will be Dan Smith, who headed GE Real Estate’s North American funding programs for a decade. Targeting A, B and C assets, the new division is responsible for sourcing commercial mortgages on the four major food groups among income-producing properties as well as self-storage, manufactured housing and mixed-use assets. Loans will range in size from $5 million to over $100 million. Initially, Manhattan and Dallas offices will provide the volume, but plans are in the works for expansion into Chicago, Phoenix and Newport Beach, CA.

Other appointments come in tandem with the Smith announcement. Also new on the payroll are Dan LePage, Kevin Stahl and Bryan Maher. LePage will head US real estate corporate banking while Stahl and Maher join the investment banking group.

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