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Wells Fargo Provides $167M Financing Package for California Housing

Summary by Commercial Observer
Bay Area developer MidPen Housing has secured a $167.4 million construction financing package to build the second phase of Midway Village, a 113-unit affordable housing complex in Daly, Calif., Commercial Observer has learned.  The entire Midway Village project is expected to require five stages of development.  Wells Fargo (WFC) provided the financing, which was broken out into several loans. The bank’s community lending and investment arm prov…
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Commercial ObserverCommercial Observer

Wells Fargo Provides $167M Financing Package for California Housing

Bay Area developer MidPen Housing has secured a $167.4 million construction financing package to build the second phase of Midway Village, a 113-unit affordable housing complex in Daly, Calif., Commercial Observer has learned.  The entire Midway Village project is expected to require five stages of development.  Wells Fargo (WFC) provided the financing, which was broken out into several loans. The bank’s community lending and investment arm prov…

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Commercial Observer broke the news in on Tuesday, March 25, 2025.
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