Wells Fargo acquires Virginia-based commercial lender

Reilly Mortgage finances multifamily properties

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Wells Fargo Bank has completed its acquisition of Virginia-based Reilly Mortgage, one of the largest commercial finance companies in the nation with a portfolio of $10 billion.

Reilly Mortgage finances multifamily properties through Freddie Mac, Fannie Mae and FHA, originating more than $1.5 billion in loans annually, Wells Fargo said Monday.

With offices in Philadelphia, Dallas, Phoenix, San Francisco, Chicago, Vancouver (Wash.), Mt.