Bank of America, N.A. /
WaFd Bank
Bank of America to purchase WaFd Bank commercial real estate loans




What happened
Bank of America, N.A. agreed to purchase approximately 2,000 commercial multi-family real estate loans from WaFd Bank, with a current aggregate unpaid principal balance of $3.2 billion.
The purchase price is currently approximately $2.9 billion. The agreement provides for a proposed closing date of June 21, 2024.
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Bank of America to purchase WaFd Bank commercial real estate loans
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