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Wells Fargo Buys $1.6B of ING CRE Loans

SAN FRANCISCO-The deal for 29 performing loans follows Wells' acquisition of a U.K. CRE loan portfolio in July, and continues INGREF's wind-down of its US business.

By Paul Bubny | Updated on August 16, 2013

SAN FRANCISCO-ING Real Estate Finance (USA) LLC said Friday that it has reached an agreement to sell 29 US CRE loans with a total outstanding balance of $1.6 billion to Wells Fargo Bank. Terms were not disclosed.

This past spring, the Wall Street Journal reported that New York City-based INGREF planned to put about $2.5 billion of performing CRE loans up for sale as it continues to wind down its US property-lending business. Citing unnamed sources, the WSJ reported that INGREF expected to sell the loans at face value or higher.

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CRE strategies and business decisions are only as strong as the data that powers them, and that data better be correct. This self-assessment will help you gauge your current data management capabilities.

Assessment

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Data Management Scorecard: A Health Check for Your Data Management Capabilities and Challenges

CRE strategies and business decisions are only as strong as the data that powers them, and that data better be correct. This self-assessment will help you gauge your current data management capabilities.

Browse More Resources ›

CRE strategies and business decisions are only as strong as the data that powers them, and that data better be correct. This self-assessment will help you gauge your current data management capabilities.

Assessment

Sponsored by Cherre

Data Management Scorecard: A Health Check for Your Data Management Capabilities and Challenges

CRE strategies and business decisions are only as strong as the data that powers them, and that data better be correct. This self-assessment will help you gauge your current data management capabilities.

Browse More Resources ›

Does your data inspire confidence or is there a significant lack of trust in its validity? Use this assessment to gauge where your organization’s data practices are at today and what gaps exist.

Assessment

Sponsored by Cherre

Enabling Stakeholder Confidence in Your Data: A Self-Assessment for Real Estate Organizations

Does your data inspire confidence or is there a significant lack of trust in its validity? Use this assessment to gauge where your organization’s data practices are at today and what gaps exist.

Browse More Resources ›

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