Western Alliance Bank Announces Formal Expansion of Commercial Real Estate Group Into Texas
Western Alliance Bank, Member FDIC, one of the nation’s top-performing banking companies, today announced the formal expansion of its Commercial Real Estate division into key Texas markets. The bank will open new offices in Dallas and Houston, from which it also will serve the Austin and San Antonio markets.
Building on deep experience in commercial real estate in key U.S. markets, Western Alliance Bank will increase its current commitment in Texas of approximately $250 million to serve the state’s homebuilder development and construction segments.
With more than $50 billion in assets, Western Alliance Bank has been named #1 best-performing bank of the 50 largest public U.S. banks in the new S&P Global Market Intelligence listing for 2020 and consistently ranks high on the Forbes “Best Banks in America” list year after year.
“Western Alliance Bank has had a presence in the Texas commercial real estate industry for several years, specifically in the homebuilding arena,” said Don Garner, Division Chief Executive Officer at Western Alliance Bank. “Having more of our experienced commercial real estate experts on the ground in this important set of markets means we can do more for our clients – a hallmark of the Western Alliance Bank approach.”
With banking expertise for homebuilders and developers since 2003, Western Alliance Bank has been providing limited recourse and recourse financing, A&D financing for MPCs and subdivisions, built-to-rent financing, land/lot banking and borrowing base facilities in Texas since 2015. Specifically, the bank has backed 17+ deals that are bringing more than 3,300 newly constructed lots or units to market.
Commercial real estate industry veteran Steve Mueller, who has served in several high-profile positions with other financial organizations, will lead the Dallas, Houston, Austin and San Antonio teams and will serve as Senior Director, Commercial Banking of Western Alliance Bank’s Commercial Real Estate Division in Texas. With more than 25 years’ experience in the residential construction arena, Mueller has served in key management roles with leading developers and builders, which has parlayed into delivering financial solutions for clients in all major homebuilding markets across the country.
“In addition to being one of the hottest centers for commercial real estate development in the nation, Texas has long been a dynamic, high-growth market that is attracting even more corporate relocations and an expanded influx of talent looking for space to live, work and enjoy all that the state offers,” said Mueller.
Headed up by Mueller and a team of construction lending experts who have extensive experience working to meet the unique needs of builders, developers and other real estate industry professionals, Western Alliance Bank’s new Dallas and new Houston offices join 49 other banking locations across the nation.
To learn more about Western Alliance Bank’s commercial real estate offerings for homebuilders and developers in Texas, please contact Steve Mueller at [email protected] or (281) 250-8926.
About Western Alliance Bank
With approximately $50 billion in assets, Western Alliance Bancorporation is one of the country’s top-performing banking companies. The company is again #1 best-performing of the 50 largest public U.S. banks in the new S&P Global Market Intelligence listing for 2020 and ranks high on the Forbes “Best Banks in America” list year after year. Its primary subsidiary, Western Alliance Bank, Member FDIC, helps business clients realize their ambitions with teams of experienced bankers who deliver superior service and a full spectrum of customized loan, deposit and treasury management capabilities. Business clients also benefit from a powerful array of specialized financial services that provide strong expertise and tailored solutions for a wide variety of industries and sectors. Most recently, the bank added to these capabilities with the acquisition of AmeriHome Mortgage, a leading national business-to-business mortgage platform. Serving clients across the country wherever business happens, Western Alliance Bank operates individual, full-service banking brands and has offices in key markets nationwide. For more information, visit westernalliancebank.com.