Wells Fargo buys Bank of Ireland's real estate loans: report

(Reuters) - Wells Fargo & Co (WFC.N) won a bid for Bank of Ireland's (BKIR.I) $1.4 billion U.S. commercial real estate loan portfolio, the Wall Street Journal said, citing people familiar with the matter.

The 25 loans are backed primarily by commercial real estate in New York, Boston and Washington, and are classified as performing, the Journal said.

The loans were sold at close to face value, the people told the paper.

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