---
schema_version: "secwatch.filing_event.v1"
accession: "0000936528-24-000092"
form_type: "8-K"
ticker: "WAFD"
cik: "0000936528"
company_name: "WAFD INC"
filed_at: "2024-06-21T23:59:59+00:00"
generated_at: "2026-06-01T03:10:32.007407+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# WaFd Bank sells $2.8B multifamily CRE loan portfolio to Bank of America at 92% of principal

## Summary
- Sold ~$2.8B multifamily CRE loans to Bank of America for $2.6B (92% of principal) at no loss.
- Transaction provides immediate liquidity for debt paydown, new lending, or share repurchases.
- Loans originated from the Luther Burbank Savings acquisition completed in March 2024.
- CEO says discount reflects interest rates, not credit risk; calls it the largest non-FDIC assisted CRE loan sale.

## SEC filing metadata
- accession: 0000936528-24-000092
- form_type: 8-K
- ticker: WAFD
- cik: 0000936528
- company_name: WAFD INC
- filed_at: 2024-06-21T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/936528/000093652824000092/0000936528-24-000092-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/936528/000093652824000092/wfsl-20240621.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000936528-24-000092
- JSON: https://secwatch.observer/filing/0000936528-24-000092.json
- Plain text: https://secwatch.observer/filing/0000936528-24-000092.txt

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