MICHIGAN: Wells Fargo & Company (NYSE:WFC) is meeting the growing need for senior housing facilities with the creation of a specialty business group, Senior Housing Finance, which provides a dedicated, comprehensive suite of traditional banking and credit services for senior housing developers, investors, and operators. This new, fully staffed, specialty business, which is housed in Wells Fargo’s Commercial Real Estate group, provides expanded support for balance sheet lending, working with Wells Fargo’s Healthcare Corporate Banking and Multifamily Capital businesses.
It is to fund a major USA player into the American market…