X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

SHORT HILLS, NJ-Wells Fargo has expanded its commercial real estate services with a new office location here, to be managed by Joseph Tkac. The new Wells Fargo Middle Market Real Estate office focuses on originating middle market commercial real estate loans to developers and investors for construction, development, acquisition and term financing of income and for-sale properties in New Jersey and the bordering counties of Pennsylvania.

“Wells Fargo’s long history in New Jersey gives us an understanding of this market and the needs of its local developers and investors,” says Tkac, who comes over from Wachovia Bank, where he was sales and market manager for real estate financial services. “Wells Fargo also understands the middle market.”

General property types include multifamily, residential, retail, hotel, office and industrial projects as well as limited-service hotel and other investment properties. Wells Fargo Middle Market Real Estate targets loans in the $2- to $15-million range with private individuals or entities generally having a net worth of $25 to 30 million or less.

The Well Fargo Middle Market Real Estate Office is located at 51 JFK Pkwy., a location it will share with Wells Fargo’s Real Estate Group. The latter division targets loans in the $15-million and higher range.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.