Bank of America Expands Real Estate Portfolio with $990 Million Multifamily Loan Purchase

In a significant move to strengthen its real estate lending operations, Bank of America has announced plans to acquire approximately $990 million in multifamily loans from HomeStreet Bank. This strategic purchase is set to further enhance Bank of America’s position in the competitive multifamily housing sector and bolster its asset base amidst a landscape of increasing demand for housing finance.

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