SAN FRANCISCO – Wells Fargo & Company’s (NYSE: WFC) Corporate & Investment Bank (CIB), today announced that it has appointed Nipul Patel to lead Real Estate Banking (REB) within its Commercial Real Estate (CRE) group, effective July 15. In this role, Patel will oversee balance sheet lending for office, multifamily, mixed-use, industrial, and retail properties, including construction financing, acquisition financing, and permanent financing. Based in Houston, Patel will report to Kara McShane, head of CRE.
“I’m delighted to name Nipul as head of Real Estate Banking for CRE. He brings strong industry relationships, expertise, and a proven track record,” said Kara McShane, head of Commercial Real Estate at Wells Fargo. “Throughout his tenure at Wells Fargo, he has demonstrated his leadership through various senior positions in CRE. I am confident he will be a key asset as Real Estate Banking continues to evolve in order to best meet our clients’ needs.”
Patel has been with Wells Fargo for more than 25 years and has held several leadership positions in CRE, including with Real Estate Merchant Banking and the Special Situations Group. Most recently, he served as senior credit officer of the Real Estate Managed Assets Group. Previously, from 2018 to 2020, he served as chief operating officer for CRE. He began his career at Wells Fargo as part of its credit analyst program, where he provided financial analysis across Commercial Banking, Energy Banking, Private Banking, and CRE.
“I’m excited to return to the CRE Operating Committee and build upon the noted success the team has achieved over the years,” said Patel. “I’m looking forward to working closely with Kara as we chart the future for Real Estate Banking, so that we may continue to provide best-in-class solutions for our clients.”
Patel earned his B.B.A degree in finance from Baylor University and currently serves on the board of Houston Habitat for Humanity. About Wells Fargo Corporate & Investment Banking Wells Fargo Corporate & Investment Banking delivers a comprehensive suite of capital markets, banking, and financial products and services. A trusted partner to our clients, we provide corporate and transactional banking, commercial real estate lending and servicing, investment banking, equity and fixed income solutions including sales, trading, and research capabilities to corporate, commercial real estate, government, and institutional clients across the globe. Our office locations span the Americas, Europe, and Asia-Pacific.