06:41 AM EST, 12/31/2024 (MT Newswires) -- HomeStreet ( HMST ) said Tuesday that its HomeStreet Bank unit closed the sale of $990 million of multi-family commercial real estate loans on a servicing retained basis.

The company said the sale price was about 92% of the principal balance of the loans, including the value of the retained servicing. HomeStreet ( HMST ) said proceeds were used to pay down its Federal Home Loan Bank borrowings.