SAN FRANCISCO–Wells Fargo & Company (NYSE:WFC), the No. 1 commercial real estate lender in the U.S.*, announced today that Gary Orr has been tapped to head its Real Estate Specialty and Commercial Real Estate Services groups within Wells Fargo Middle Market Banking, effective immediately.
In his new role, Orr, who is based in Sacramento, Calif., leads two national teams of specialized lending professionals that help regional middle market Banking offices develop and grow relationships with real estate investors. Wells Fargo also has a dedicated Commercial Real Estate platform that provides a comprehensive set of banking and financing solutions to experienced owners, operators and developers, real estate investment funds and real estate investment trusts.
“Gary is a proven leader who is known for strong credit underwriting, collaboration, and developing lenders,” said MaryLou Barreiro, executive vice president for Wells Fargo Middle Market Banking. “He will ensure we continue to help thousands of real estate investors nationwide reach their financial goals.”
With more than 30 years of commercial banking experience, Orr joined Wells Fargo in 1988 and has management experience in lending, marketing, and credit management in middle market banking and corporate banking. In July 2014, he joined the Real Estate Services Group, which advises Middle Market Banking teams about meeting the specific lending needs of commercial real estate customers. Since then, Middle Market Banking lending to investor real estate clients has jumped 27 percent.
His expanded role includes leading Commercial Real Estate Services, which supports various lines of business with underwriting and closing investor and owner-occupied commercial real estate loans.
A native of Pittsburgh, Pennsylvania, Orr earned his bachelor’s degree in business administration and economics from the University of Pittsburgh. His community service in Sacramento includes the Society for the Blind and the Mountain Valley Chapter of the American Leadership Forum.
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company with $1.9 trillion in assets. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through more than 8,600 locations, 13,000 ATMs, the internet (wellsfargo.com) and mobile banking, and has offices in 42 countries and territories to support customers who conduct business in the global economy. With approximately 269,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 27 on Fortune’s 2016 rankings of America’s largest corporations. Wells Fargo’s vision is to satisfy our customers’ financial needs and help them succeed financially. News, insights and perspectives from Wells Fargo are also available at Wells Fargo Stories.
*MBA Commercial Real Estate/Multifamily Finance Firms Annual Origination Volumes, year-end December 31, 2015