Company: WAL-PA
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001212545-25-000141
Chunk: 132

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 1
Chunk 132
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 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 %

(1)    The weighted average LTVs in the above table are based on the most recent available information, if current appraisals are not available.

The following table presents the Company’s CRE non-owner occupied loans by origination year as of March 31, 2025:

Origination Year20252024202320222021PriorTotal(in millions)CRE - non-owner occupied$2,632 $1,690 $3,514 $960 $950 $294 $10,040 

The following table presents the scheduled maturities of the Company’s CRE non-owner occupied loans as of March 31, 2025:

(in millions)2025$2,187 20262,620 20272,379 20281,268 2029804 Thereafter782 Total$10,040 

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Approximately $2.4 billion, or 4.3%, of total loans HFI consisted of CRE non-owner occupied office loans as of March 31, 2025, compared to $2.3 billion, or 4.4%, as of December 31, 2024. Of the non-owner occupied office loan balance as of March 31, 2025, $1.0 billion is scheduled to mature in the remainder of 2025. These office loans primarily consist of shorter-term bridge loans that enable borrowers to reposition or redevelop projects with more modern standards attractive to in-office employers in today’s environment, including enhanced on-site amenities