Company: WAL-PA
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001212545-25-000090
Chunk: 103

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-02-25
Form: 10-K
Item: Item 7
Chunk 103
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 generated from the collateral property. Owner occupied CRE loans are loans secured by owner occupied non-farm nonresidential properties for which the primary source of repayment (more than 50%) is the cash flow from the ongoing operations and activities conducted by the borrower who owns the property. These CRE loans are secured by multi-family residential properties, professional offices, industrial facilities, retail centers, hotels, and other commercial properties. 

The following tables present the composition by property type and weighted average LTV of the Company’s CRE non-owner occupied loans:

December 31, 2024AmountPercent of CRE-Non OOPercent of Total HFI LoansWeighted Average LTV (1)(dollars in millions)Hotel$4,167 42.3 %7.8 %46.7 %Office2,337 23.7 4.4 69.0 Retail783 7.9 1.4 55.7 Multifamily632 6.4 1.2 40.7 Industrial580 5.9 1.1 38.9 Time share467 4.7 0.9 33.6 Medical145 1.5 0.3 61.5 Senior care142 1.4 0.2 41.2 Other615 6.2 1.1 50.2 Total CRE - non-owner occupied$9,868 100.0 %18.4 %51.6 %

December 31, 2023AmountPercent of CRE-Non OOPercent of Total HFI LoansWeighted Average LTV (1)(dollars in millions)Hotel$4,235 43.9 %8.4 %48.1 %Office2,358 24.4 4.7 58.8 Retail753 7.8 1.5 61.0 Multifamily566 5.9 1.1 49.7 Industrial565 5.8 1.1 50.4 Time share378 3.9 0.8 34.9 Senior care160 1.7 0.3 41.8 Medical124 1.3 0.2 51.2 Other511 5.3 1.0 43.4 Total CRE - non-owner occupied$9,650 100.0