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Community Lending and Investment

Transforming communities nationwide

We provide custom financing for projects that don’t have access to traditional financing in order to help our communities gain access to the marketplace and create true, sustainable economic development.

Our financing types include:

Construction/bridge financing

We offer short-term, balance sheet lending for construction, bridge, or substantial rehabilitation of affordable housing properties.

  • Loan size: $5-$50+ million
  • Majority of rents must be 60% or less of the area median income

Permanent financing

Our permanent financing program provides long-term, fixed-rate permanent loans. Properties must involve LIHTC, Section 8, Section 236, Tax abatement, or 80-20 bonds. Financing may be held by Wells Fargo on its balance sheet or originated by us and placed with Freddie Mac, Fannie Mae, FHA, and other third-party partners.

Low Income Housing Tax Credits (LIHTC) 

We make investments in LIHTCs and Historic Tax Credit properties to help developers and investors benefit from tax-credit opportunities.

Learn more about our affordable housing services.

Alternative equity

We invest in Private Equity funds that create jobs by capitalizing small and middle-market businesses.

New Markets Tax Credits 

Through NMTC allocations, we reduce borrowing costs for non-profits and entrepreneurs, enabling higher risk loans and investments that shoulder collateral shortfalls and credit risks.

L+M Development

Wells Fargo and L+M Development Partners, Inc., an affordable housing developer, work together to help NYC neighborhoods thrive‡.


Through the investment of New Markets Tax Credits, Wells Fargo helped a locally owned wind farm provide clean energy to rural Oregon‡.

Veterans Commons

Wells Fargo provided debt and equity capital to refurbish a San Francisco building to help formerly homeless veterans‡.

Watch all of our YouTube‡ videos

Wells Fargo’s Alternative Equity Group invests in diverse alternative asset funds focused on small and middle market businesses that stimulate job creation, economic growth, and community revitalization. We invest in:

  • Private equity funds, mainly Small Business Investment Companies (SBICs), focused on creating and preserving jobs and helping small and middle-market businesses succeed financially 
  • Real estate equity funds that seek to preserve affordable housing and community revitalization
  • Community Development Entities with a diverse set of qualitative objectives
  • Liquid securities, usually AAA-rated liquid and short-term assets

Our commitment to SBICs

  • Wells Fargo has been investing in the SBIC asset class for almost 25 years
  • We work closely with the Small Business Investor Alliance (SBIA), an advocacy group for SBICs
  • Every year we host a free SBIC symposium with senior level industry experts and the SBIA

Private equity survey results: An analysis of SBIC viewpoints

In May 2016, we surveyed 82 Small Business Investment Companies (SBICs) to better understand their views on SBIC best practices.

Read the survey results (PDF).

For more information, contact Tim Rafalovich at 949-251-4321.