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 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. HomeStreet Bank is a member of the FDIC and an Equal Housing Lender.

View source version on businesswire.com: https://www.businesswire.com/news/home/20241230332746/en/

Investor contact:
John Michel, Executive Vice President, Chief Financial Officer
[email protected]
206-515-2291

Media contact:
Misty Ford
[email protected]
206-876-5506

Source: HomeStreet, Inc.

You May Also Be Interested In

• Tallgrass Announces Open Season for the Pony Express Pipeline
• Top 12 Cryptos in 2026: Apeing Could Be the Best Crypto to Watch With $0.0001 Entry Price
• Universe Colorbond Fencing Brisbane launches dedicated Colorbond service across Brisbane’s western suburbs