Bank of America to buy €100M of real estate loans from Santander - report

[Santander bank on the High Street of Holywell]
John Longley

Bank of America (NYSE:BAC [https://seekingalpha.com/symbol/BAC]) agreed to buy a Spanish real estate portfolio valued at ~€100M ($118M) from Banco Santander (NYSE:SAN [https://seekingalpha.com/symbol/SAN]), as the Spanish bank continues to manage risks through the sale of assets, according to a media report on Thursday.

The U.S. bank agreed to a deal with the advice of Colliers International Group, Bloomberg News reported, citing people familiar with the matter. EY advised Santander (NYSE:SAN [https://seekingalpha.com/symbol/SAN]).

Earlier this year, Bank of America (NYSE:BAC [https://seekingalpha.com/symbol/BAC]) agreed to buy a portfolio tied to hotel loans from Santander (NYSE:SAN [https://seekingalpha.com/symbol/SAN]), Bloomberg had reported. Santander also sold some soured loans to Goldman Sachs [https://seekingalpha.com/news/4468626-goldman-sachs-to-purchase-santander-loans-worth-460m](GS [https://seekingalpha.com/symbol/GS]) and Morgan Stanley (MS [https://seekingalpha.com/symbol/MS]) recently.

The Spanish lender has said it wants to shed €40B-$45B of risk-weighted assets this year through asset sales and significant risk transfers, Bloomberg said [https://www.bloomberg.com/news/articles/2025-09-18/bofa-said-to-buy-100-million-of-santander-s-real-estate-loans].

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