Agreement signedPublished 17 May 2024

Bank of America, N.A. /
WaFd Bank

Bank of America to purchase WaFd Bank commercial real estate loans

Buy side: Bank of America, N.A.
Buy sideBank of America, N.A.
Target: WaFd Bank
TargetWaFd Bank
Source · 17 May 2024Source-verified
Buy side: Bank of America, N.A.
Buy sideBank of America, N.A.
Target: WaFd Bank
TargetWaFd Bank
01 / BuyerBank of America, N.A.
02 / TargetWaFd Bank
Source-verified
01

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.

02

The source

Everything on this page comes from the source below.

01
Source · Original source

Bank of America to purchase WaFd Bank commercial real estate loans

This document is the source for the companies, stage, figure and people on this page.

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03

Timeline

Every date the source states, in order. Anything marked ahead is a target the source gives, not something that has happened.

  1. Published by the source

    The source this page is built from.

    Source-verified
  2. Expected close

    The source this page is built from.

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