Wells Fargo Bank Commercial Real Estate Loans: CRE Lending Profile 2026

Wells Fargo Bank, N.A. combines one of the country’s largest commercial real estate loan portfolios with an extensive national banking footprint. The FDIC reported $1.91 trillion in total assets, $997.8 billion in total loans, and $121.6 billion in CRE loans as of June 30, 2026. CRE represented 12.2% of the loan portfolio. That scale places Wells Fargo 2 of 4,167 banks nationally by CRE loans and 1 of 55 banks headquartered in South Dakota. For borrowers, the figures establish Wells Fargo as a large, diversified lender, but they do not indicate that every property, market, or transaction will meet the bank’s current underwriting standards.

The bank describes an integrated CRE platform serving financial sponsors, institutional investors, asset managers, regional developers, and public and private corporations. Its stated property expertise covers retail, industrial, office, affordable housing, multifamily, manufactured housing, senior housing, hospitality, and homebuilders. Wells Fargo says its on-balance-sheet financing includes construction, acquisition, bridge, repositioning, mini-perm, and permanent loans from $1 million to more than $500 million. Recent publicly announced transactions also show participation in substantially larger refinancings, including loans involving prominent institutional borrowers. Those announcements illustrate execution history, not generally available pricing or a commitment to lend on comparable terms.

The $121.6 billion CRE book is led by investor property loans

The FDIC reported that Wells Fargo held $121.6 billion in total CRE loans as of June 30, 2026. Investor nonfarm nonresidential lending was the largest component at $64.8 billion, representing 53.3% of CRE loans and ranking 1 nationally in that segment. Multifamily was next at $26.5 billion, or 21.8%, with a national segment rank of 3. Owner occupied CRE totaled $17.8 billion, or 14.7%, and ranked 2 nationally. Construction and land loans were $12.5 billion, equal to 10.2% of the CRE portfolio, also ranking 2 nationally. The mix demonstrates meaningful activity across income property, business occupied real estate, development, and apartment lending, while showing that investor nonfarm nonresidential assets account for the majority of the portfolio.

CRE loans represented 12.2% of Wells Fargo’s $997.8 billion total loan portfolio. Investor CRE loans equaled 0.61x equity, a measure borrowers can use to understand the bank’s exposure relative to its capital base. These portfolio measures describe loans already held and should not be read as current credit policy. Still, Wells Fargo’s national positions across each major FDIC segment indicate a platform with substantial experience in varied transaction structures and property categories. Its largest concentration is investor nonfarm nonresidential lending, a broad regulatory category that includes income producing commercial properties outside multifamily. Borrowers should evaluate fit using the specific property type, sponsorship, business plan, requested structure, and market, rather than relying only on the bank’s overall CRE scale.

Source: FDIC Call Report as of June 30, 2026, schedule RC-C. FDIC record for Wells Fargo Bank, N.A..

CRE balances have declined since 2021 while portfolio quality measures improved

At each June 30 reporting date, Wells Fargo’s CRE portfolio rose from $127.7 billion in 2021 to $139.3 billion in 2022 and $140.1 billion in 2023. It then declined to $132.9 billion in 2024 and $121.3 billion in 2025 before edging up to $121.6 billion in 2026. The change since June 2021 was -4.8%, while the latest year-over-year change was +0.3%. Wells Fargo separately reported that CRE loans declined by $4.2 billion during 2025 because paydowns exceeded originations and advances, ending that year at $132.3 billion. The bank also said criticized CRE mortgage loans declined to $13.4 billion from $17.8 billion, mainly due to improvements in apartment, office, and hotel or motel loans.

Recent financings show institutional scale across major property types

Press and industry reports identify Wells Fargo in several large recent financings. In 2026, reported transactions included a $915 million refinance of Blackstone BioMed Realty’s 585 Kendall Street life-science building in Cambridge, a $190 million refinance of the Ink Block and 7INK multifamily properties in Boston, a $130 million refinance of a Chicago-area industrial portfolio, and a $53.5 million refinance of the Doral Center office campus. In 2025, reported activity included Blackstone’s $3.15 billion Stuyvesant Town-Peter Cooper Village refinance, its $1.8 billion refinance covering approximately 80 office and industrial properties across 11 states, and a $1 billion refinance of The Wharf in Washington, DC. The press also reported office, retail, industrial, multifamily, mixed-use, acquisition, and construction transactions.

Wells Fargo states that it provides on-balance-sheet construction, acquisition, bridge, repositioning, mini-perm, and permanent financing from $1 million to more than $500 million across all major property types. Its specialized coverage includes retail, industrial, office, affordable housing, multifamily, manufactured housing, senior housing, hospitality, and homebuilders. At September 30, 2026, the bank reported office CRE loans of $18.6 billion, down from $23.7 billion a year earlier, while industrial and warehouse loans increased to $29.7 billion from $23.9 billion. These changes clarify the direction of the held portfolio but do not establish future approval preferences.

Financings publicly announced by the bank, its borrowers or their advisors, as reported by the linked source. Not a complete record of the bank’s lending.

A broad footprint and institutional platform favor established borrowers

Wells Fargo had 4161 domestic offices and branches in 40 states. Its largest listed branch presence was California with 769 branches, followed by Florida with 458 and Texas with 457. Other significant markets included North Carolina with 217 branches, Georgia with 179, Minnesota with 123, New York with 87, and South Dakota with 30. Deposits were particularly large in South Dakota at $464.8 billion and California at $304.4 billion. A branch location is not evidence of local CRE appetite, but the footprint supports relationships across many major markets. Recent announced financings in Massachusetts, Illinois, Florida, New York, California, and Washington, DC, together with national portfolios, further illustrate geographic reach beyond the bank’s Sioux Falls, South Dakota headquarters.

By CRE loan volume, Wells Fargo’s $121.6 billion portfolio sits between JPMorgan Chase Bank, N.A. at $179.8 billion and Bank of America, N.A. at $79.9 billion. Wells Fargo says its integrated platform focuses on financial sponsors, institutional investors, asset managers, regional developers, and public and private corporations. That stated client focus, combined with the scale of announced transactions, suggests the clearest fit is for experienced borrowers seeking a lender capable of handling complex or substantial assignments. The stated range beginning at $1 million also leaves room for smaller transactions, although availability depends on property, sponsorship, structure, and current underwriting.

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Frequently Asked Questions

Does Wells Fargo Bank make commercial real estate loans?

Yes. Wells Fargo Bank, N.A. makes commercial real estate loans and held $121.6 billion of them as of June 30, 2026. The bank states that it offers on-balance-sheet construction, acquisition, bridge, repositioning, mini-perm, and permanent financing across all major property types. Its stated financing range is $1 million to more than $500 million. Actual availability, structure, and approval depend on the proposed property, borrower, market, and underwriting at the time of application.

How large is Wells Fargo’s commercial real estate portfolio?

Wells Fargo held $121.6 billion in CRE loans as of June 30, 2026, according to the FDIC. That total represented 12.2% of the bank’s $997.8 billion loan portfolio and ranked 2 of 4,167 banks nationally. Investor nonfarm nonresidential loans were the largest component at $64.8 billion. Multifamily totaled $26.5 billion, owner occupied CRE totaled $17.8 billion, and construction and land loans totaled $12.5 billion.

What types of commercial properties does Wells Fargo finance?

Wells Fargo states that its specialized property lending covers retail, industrial, office, affordable housing, multifamily, manufactured housing, senior housing, hospitality, and homebuilders. Its FDIC portfolio included $26.5 billion of multifamily loans and $12.5 billion of construction and land loans as of June 30, 2026. Recent publicly reported transactions involved life science, industrial, office, apartment, retail, mixed-use, and affordable housing properties. Those transactions demonstrate prior activity but do not guarantee financing for a similar property.

Where does Wells Fargo provide commercial real estate loans?

Wells Fargo operates across a broad national footprint, with branches in 40 states and 4161 domestic offices. Its largest listed branch networks include California with 769 branches, Florida with 458, and Texas with 457. Recent announced financings involved properties in Massachusetts, Illinois, Florida, New York, California, and Washington, DC, as well as portfolios spanning multiple states. Branch coverage and past transactions indicate reach, but neither establishes that the bank is currently lending on every property type in every market.

What interest rate does Wells Fargo charge for a CRE loan?

Wells Fargo does not state a single CRE loan rate in its described lending focus. Pricing depends on the transaction and may reference market benchmarks. As of Oct 27, 2026, the Prime rate was 7.00%, SOFR was 3.89%, the 5 year Treasury was 4.82%, and the 10 year Treasury was 5.00%. These are benchmarks, not quoted Wells Fargo loan rates. Borrowers need a transaction-specific proposal to determine the applicable index, spread, fees, amortization, and other terms.

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BestCRE lender profiles are editorially independent and built from public regulatory filings and public announcements; no bank pays for a profile. Call report figures describe loans held on the bank’s balance sheet and do not show current terms or appetite. BestCRE is not a lender and is not affiliated with Wells Fargo Bank. See our Legal Disclaimer and Compensation Disclosure.