Agreement signedPublished 27 Dec 2024

Bank of America, N.A. /
HomeStreet Bank

Bank of America to purchase HomeStreet Bank loans

Buy side: Bank of America, N.A.
Buy sideBank of America, N.A.
Target: HomeStreet Bank
TargetHomeStreet Bank
Source · 27 Dec 2024Source-verified
Buy side: Bank of America, N.A.
Buy sideBank of America, N.A.
Target: HomeStreet Bank
TargetHomeStreet Bank
01 / BuyerBank of America, N.A.
02 / TargetHomeStreet Bank
Source-verified
01

What happened

Bank of America, N.A. agreed to purchase approximately 190 commercial multi-family real estate loans from HomeStreet Bank. The loans have a current aggregate unpaid principal balance of approximately $990 million.

The purchase price is expected to be approximately $906 million. The agreement provides for two separate closings, expected on or about Dec. 27 and Dec. 30, 2024.

02

The source

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01
Source · Original source

Bank of America to purchase HomeStreet Bank loans

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03

Timeline

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  1. Expected close

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  2. Published by the source

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  3. Also stated

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