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 / Riah Marton /



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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Riah Marton

I'm Riah Marton, a dynamic journalist for Forbes40under40. I specialize in profiling emerging leaders and innovators, bringing their stories to life with compelling storytelling and keen analysis. I am dedicated to spotlighting tomorrow's influential figures.

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