MEMPHIS: The announcement by Wells Fargo & Co. that it’s forming a unit dedicated to international senior housing project lending could spark competition among other banks to grab work on such projects, and lenders entering the space face a steep learning curve to understand the legal ins and outs of such loans, lawyers say.
The move by Wells Fargo is in part a reaction of baby-boom demographics, with an expected significant demand for senior housing over the coming years and decades as more and more baby boomers retire…