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HomeStreet Bank to sell $990 million in multifamily loans
HomeStreet Bank offloads $990 million multifamily loans to BofA in profit push
HomeStreet Bank is selling nearly $990 million of its multifamily commercial real estate loans to Bank of America, in a deal that the Seattle-based lender said would help it return to profitability and reduce costly funding sources.
HomeStreet agrees to sell nearly $1 billion in multifamily loans
The Seattle-based company's deal with Bank of America comes five weeks after the termination of its planned sale to FirstSun Capital Bancorp in Denver.
HomeStreet sells $990M of commercial property loans to Bank of America
HomeStreet (NASDAQ:HMST) agreed to offload $900M of multifamily commercial real estate loans to Bank of America (NYSE:BAC) at 92% of the principal balance, with servicing retained, it said on Friday.
Business Insider
1d
HomeStreet to sell $990M in commercial real estate loans to Bank of America
HomeStreet
(HMST) announced that the bank entered into an agreement to sell to Bank of America (BAC), on a servicing retained basis, $990M of multifamily commercial real estate loans, at a price, ...
U.S. News & World Report
2d
HomeStreet Inc
U.S.
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' panel of financial advisors offers some timeless advice as the Fed cuts rates by another quarter of a point.
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