Wells Fargo Home Mortgage is "very aggressively" looking to back multi-family properties, an executive with the Des Moines-based lender said at the Pacific Coast Builders Conference in San Francisco.

"We can do just about any kind of deal, but it has to make sense," said Eric Smith, a senior vice president who works out of Wells Fargo's San Francisco office. Smith said lending on income-producing properties has been a "core product" for his company for a dozen years, and the acquisition of Wachovia Bank has made Well's commitment to multi-family "even stronger."

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