AddThis

Wells Fargo to builders: The door is open

Wells Fargo is opening a new division that will focus on lending to regional and mid-sized builders, according to an Aug. 15 article in the Wall Street Journal. The loans are expected to finance small projects ($10 to $15 million) up to large corporate loans that can surpass hundreds of millions of dollars.

Bird Anderson, a Charlotte N.C.-based executive VP who will head the new division, told the WSJ: “In essentially every market we looked at this spring, we saw very real very tangible pockets of demand.” 

 


Want to read more?
This content is available only to registered users. Log in to read the rest of this article or create a free account.