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BAC Agrees to Buy Santander's 100M Euro Real Estate Portfolio
ZACKS· 2025-09-19 23:36
Key Takeaways Bank of America to buy a 100M euro Spanish real estate loan portfolio from Santander.The deal marks BAC's second purchase from Santander this year, after hotel loans.Santander is targeting 40-45B euro asset sales in 2025 to optimize capital and cut risks.Bank of America (BAC) has agreed to acquire a €100-million ($118 million) Spanish real estate loan portfolio from Banco Santander, S.A. (SAN) , marking its second such deal with the Spanish lender this year. The transaction, finalized with adv ...