Wells Fargo Creates Hospitality Finance Division In NYC

Posted by Orb Staff on February 15, 2012 No Comments
Categories : Commercial Mortgage

10935_wellsfargo Wells Fargo Creates Hospitality Finance Division In NYC Wells Fargo & Co. has announced that Mark Lanspa has joined the firm as an executive vice president in its Hospitality Finance Group (HFG). Lanspa will open a new office for the group in New York City, where he will support current and potential customers in the New York metro area.

The HFG is a specialized lending division within Wells Fargo's commercial real estate operations that provides financial products and services to leading hotel owners throughout the U.S. With the launch of the New York office, the HFG will now have three geographical divisions – it previously had East Coast and West Coast offices. The group expects to make additional hires for the New York office over the course of the year.

Lanspa brings more than 25 years of experience to his new position. Prior to Wells Fargo, he was a managing director in the commercial real estate finance group at Credit Suisse. Prior to Credit Suisse, he was a principal at Oasis Real Estate Partners, a real estate debt and advisory platform established in 2009 by Lanspa and various Goldman Sachs alumni. He has also held positions in the investment banking division of Goldman Sachs and the specialized industries group at GE Capital Real Estate, where he was a managing director and responsible for the hospitality industry group.

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