Bank of America to pay US.9 billion for portfolio of WaFd multifamily loans

Bank of America to pay US$2.9 billion for portfolio of WaFd multifamily loans

May 17, 2024 / Sarkiya Ranen /



BANK of America agreed to buy a portfolio of commercial real estate loans from WaFd for about US$2.9 billion, helping the regional lender reduce its exposure to a sector that has raised red flags for regulators and investors.



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Sarkiya Ranen

I am an editor for Ny Journals, focusing on business and entrepreneurship. I love uncovering emerging trends and crafting stories that inspire and inform readers about innovative ventures and industry insights.

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