Matthew Kacheris
(Matt Kacheris)
Executive Director – Hospitality Finance Group
Wells Fargo
(Wells Fargo Bank, Wells Fargo Commercial Real Estate)
Lender
1700 K St NW 9th Floor Washington, DC 20006
550 S Tryon St 23rd Floor Charlotte, NC 28202
2200 Wells Fargo Center 90 S 7th St, Minneapolis, MN 55402
Wells Fargo NYC portfolio
$24.3 million -condo 100%; Manhattan 100%*
3214th largest portfolio by dollar value
25 foreclosures, 2 bankruptcies, 0 other court cases.
Person Activity past 24 months:
Lender signatory: 3 for $342 million
Top Ten Associated Companies:
Magna Hospitality Group (2), BD Hotels (1)
Top Ten Associated People:
Douglas Stevens (1), Jennifer Adams Shepler (1), Richard Born (1)
Recent activity as signatory:
• BD Hotels borrowed $125 million from Wells Fargo for 234 West 23 Street on June 05, 2025.
• Magna Hospitality Group borrowed $112 million from Wells Fargo for 60 West 37th Street and 60 West 37th Street, Garment District, Manhattan on May 30, 2025.
• Magna Hospitality Group borrowed $105 million from Wells Fargo for 117 West 24 Street on October 17, 2024.
Latest Stories:
• Magna Hospitality Group sells hotel in Chelsea for $168.6M (October 07, 2025)
• BD Hotels ups debt to $125M with Wells Fargo at The Chelsea Hotel (June 13, 2025)
• Magna signs $112M refi loan with Wells Fargo for hotel in Garment District (June 10, 2025)
• Magna Hospitality signs $105M refi with Wells Fargo for hotel in Chelsea (October 23, 2024)