Ila Afsharipour joined Wells Fargo this week as managing director. He will head the firm's real estate, securitization, and affordable housing team, as well as work with Nick Fluehr in co-heading the firm's broader housing public finance team.
Processing Content
Afsharipour, who has more than a decade of experience in the public finance sector, will be responsible for originating and executing municipal securitizations, workforce housing transactions, and real estate-related financings.
Ila Afsharipour joined Wells Fargo this week as managing director.
Afsharipour joins Wells Fargo from KeyBanc, where he worked as managing director and oversaw the firm's affordable housing, 501(c)(3) and higher education businesses. Before that, Afsharipour worked as senior banker at Bank of America-Merrill Lynch, USBank and Credit Suisse.
Afsharipour has been involved in over $10 billion of financings, including private placements, third-party tender option bond programs, structured trades and interest-rate derivatives.
Based in San Francisco, Afsharipour will partner with Wells Fargo's commercial real estate, investor finance, and community lending and investment teams. He will report to Mark Burns and Julie Burger.
"We are pleased to welcome Ila to Wells Fargo," Burger said. "His appointment underscores the importance of our real estate, securitization, and affordable housing team within public finance as we continue to focus on providing innovative solutions to our municipal and not-for-profit clients."
He earned a bachelor's degree in economics and international finance from California Polytechnic State University.
The muni market has rebounded from the technical pressures of the first half of last year — a result of surging issuance — said John Miller, head and CIO of First Eagle's municipal credit team.
The city's Department of Water and Power, which saw spreads widen after last year's deadly wildfires, upsized a revenue bond deal amid strong investor interest.
Bond advocates are watching the appropriations process while the possibilities of a Farm Bill and surface transportation reauthorization may offer openings for restoring advance refunding and raising the BQ cap.
