To be fair, I don’t work with this specific bank so I can’t say their reasoning but I will say banks that originate a loan don’t really keep it in their books.

Also, commercial real estate frequently gets sold off and bundled into portfolios. These portfolios have a mixture of asset types. Investors buy percentage of the return from those portfolios.

The idea is that if one asset or asset type fails, it doesn’t tank the whole investment. It’s a safer way to invest. Many retirement accounts have similar investments for that exact reason.