---
schema_version: "secwatch.filing_event.v1"
accession: "0000936528-24-000085"
form_type: "8-K"
ticker: "WAFD"
cik: "0000936528"
company_name: "WAFD INC"
filed_at: "2024-05-17T23:59:59+00:00"
generated_at: "2026-06-01T18:19:07.604207+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# WaFd Bank sells $3.2B multifamily loan portfolio to BofA at 91.96% of UPB

## Summary
- Portfolio of ~2,000 commercial multifamily loans; aggregate UPB $3.2 billion.
- Purchase price: 91.96% of UPB, equal to approx. $2.9 billion.
- Closing expected June 21, 2024, subject to due diligence by June 18.
- Loans sold on servicing-released basis; BofA to assume all servicing.
- Seller may be obligated to repurchase loans for representation breaches.

## SEC filing metadata
- accession: 0000936528-24-000085
- form_type: 8-K
- ticker: WAFD
- cik: 0000936528
- company_name: WAFD INC
- filed_at: 2024-05-17T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/936528/000093652824000085/0000936528-24-000085-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/936528/000093652824000085/wfsl-20240514.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000936528-24-000085
- JSON: https://secwatch.observer/filing/0000936528-24-000085.json
- Plain text: https://secwatch.observer/filing/0000936528-24-000085.txt

## Key facts
- Material Agreements
  WAFD INC entered into Agreement for Purchase and Sale of Loans with Bank of America, N.A. valued at $3.2 billion (effective 2024-05-14).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: Bank of America, N.A.
  - Value: $3.2 billion
  - Effective: 2024-05-14
  source text: On May 14, 2024 Washington Federal Bank, dba WaFd Bank, (“WaFd Bank”) a wholly owned subsidiary of WaFd, Inc. (the “Company”) entered into an Agreement for Purchase and Sale of Loans (the “Purchase Agreement”), with Bank of America, N.A. (the “Purchaser”) pursuant to which the Purchaser agreed to purchase approximately 2,000 commercial multi-family real estate loans (the “Loans”) from WaFd Bank (the “Transaction”) with a current aggregate unpaid principal balance of $3.2 billion.
  evidence_url: https://www.sec.gov/Archives/edgar/data/936528/000093652824000085/0000936528-24-000085-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.