Wells Fargo adds to manufactured home lending push

|About: Wells Fargo & Co. (WFC)|By:, SA News Editor

A portion of the $9B commercial real estate loan portfolio recently acquired from GE is focused on manufactured home communities. Wells Fargo (NYSE:WFC) today announces the addition of two industry vets from GE Capital - Lew Grace and Matt Krasinski - who will oversee MHC lending at the bank.

"Expanding our balance sheet lending in this sector, combined with Wells Fargo's existing product capabilities, provides a full-spectrum of solutions for customers in the manufactured home communities industry," says Mark Myers, head of Commercial Real Estate at the bank.

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