secwatch.observer — SEC 8-K summary
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Issuer:     WAFD INC (WAFD)
CIK:        0000936528
Form:       8-K
Filed at:   2024-05-17T23:59:59+00:00
Accession:  0000936528-24-000085
Event type: other_material
Sentiment:  neutral
Materiality: 0.80
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/936528/000093652824000085/0000936528-24-000085-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/936528/000093652824000085/wfsl-20240514.htm
  HTML page:      https://secwatch.observer/filing/0000936528-24-000085

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer