{"id":797311,"date":"2024-12-31T06:03:10","date_gmt":"2024-12-31T11:03:10","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/homestreet-closes-sale-of-990-million-in-multi-family-loans\/"},"modified":"2024-12-31T06:03:10","modified_gmt":"2024-12-31T11:03:10","slug":"homestreet-closes-sale-of-990-million-in-multi-family-loans","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/homestreet-closes-sale-of-990-million-in-multi-family-loans\/","title":{"rendered":"HomeStreet Closes Sale of $990 Million in Multi-Family Loans"},"content":{"rendered":"

<\/p>\n

HomeStreet Closes Sale of <\/b>$990 Million in Multi-Family Loans<\/b><\/p>\n

SEATTLE–(BUSINESS WIRE<\/a>)–
\nHomeStreet, Inc. (Nasdaq:HMST), the parent company of HomeStreet Bank (the “Bank”), announced the closings of the previously announced sale by the Bank, on a servicing retained basis, of $990 million of multifamily commercial real estate loans, at a price, including the value of the retained servicing, of approximately 92% of the principal balance of the loans. Substantially all of the proceeds from the sale were used to pay down Federal Home Loan Bank borrowings.<\/p>\n

About HomeStreet, Inc.<\/b><\/p>\n

\nHomeStreet, Inc. (Nasdaq:HMST) is a diversified financial services company headquartered in Seattle, Washington, serving consumers and businesses in the Western United States and Hawaii. The Company is principally engaged in real estate lending, including mortgage banking activities, and commercial and consumer banking. Its principal subsidiary is HomeStreet Bank. Certain information about our business can be found on our investor relations web site, located at http:\/\/ir.homestreet.com<\/a>. HomeStreet Bank is a member of the FDIC and an Equal Housing Lender.<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20241230332746\/en\/<\/a><\/span><\/p>\n

Investor contact:
\n
<\/b>John Michel, Executive Vice President, Chief Financial Officer
\n
john.michel@homestreet.com
\n<\/a>
206-515-2291<\/p>\n

Media contact:
\n
<\/b>Misty Ford
\n
misty.ford@homestreet.com
\n<\/a>
206-876-5506<\/p>\n

KEYWORDS:<\/b> Washington United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Professional Services Residential Building & Real Estate Commercial Building & Real Estate Finance Construction & Property REIT Banking<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

HomeStreet Closes Sale of $990 Million in Multi-Family Loans SEATTLE–(BUSINESS WIRE)– HomeStreet, Inc. (Nasdaq:HMST), the parent company of HomeStreet Bank (the “Bank”), announced the closings of the previously announced sale by the Bank, on a servicing retained basis, of $990 million of multifamily commercial real estate loans, at a price, including the value of the retained servicing, of approximately 92% of the principal balance of the loans. Substantially all of the proceeds from the sale were used to pay down Federal Home Loan Bank borrowings. About HomeStreet, Inc. HomeStreet, Inc. (Nasdaq:HMST) is a diversified financial services company headquartered in Seattle, Washington, serving consumers and businesses in the Western United States and Hawaii. The Company is principally engaged in real estate … <\/p>\n

Continue reading “HomeStreet Closes Sale of $990 Million in Multi-Family Loans”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-797311","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nHomeStreet Closes Sale of $990 Million in Multi-Family Loans - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/homestreet-closes-sale-of-990-million-in-multi-family-loans\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"HomeStreet Closes Sale of $990 Million in Multi-Family Loans - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"HomeStreet Closes Sale of $990 Million in Multi-Family Loans SEATTLE–(BUSINESS WIRE)– HomeStreet, Inc. (Nasdaq:HMST), the parent company of HomeStreet Bank (the “Bank”), announced the closings of the previously announced sale by the Bank, on a servicing retained basis, of $990 million of multifamily commercial real estate loans, at a price, including the value of the retained servicing, of approximately 92% of the principal balance of the loans. Substantially all of the proceeds from the sale were used to pay down Federal Home Loan Bank borrowings. About HomeStreet, Inc. HomeStreet, Inc. (Nasdaq:HMST) is a diversified financial services company headquartered in Seattle, Washington, serving consumers and businesses in the Western United States and Hawaii. 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