---
id: "entity-bank-of-america-d9"
type: "entity"
entityType: "organization"
canonicalName: "Bank of America"
aliases: ["BofA", "BAC"]
source_timestamps: ["00:20:00"]
tags: ["lender", "financial-institution"]
related: ["framework-distressed-acquisition", "concept-capital-stack"]
sources: ["mcelroy"]
sourceVaultSlug: "mcelroy-multifamily-distress-playbook-2026Jun25"
originDay: 9
---
# Bank of America

## Role in This Source

**Lender on the San Antonio distressed deal.** Mentioned by [[entity-ken-mcelroy]] as the holder of the $25M senior loan on the 680-unit property that anchors his case study in [[framework-distressed-acquisition]]. The bank was forced to take an approximately $4M write-down before selling the asset to McElroy at the new, lower basis.

Canonical reference:
- Corporate site: *bankofamerica.com*

## Profile

One of the largest US banks and a major institutional CRE lender. Bank of America has historically participated in significant loan restructurings and REO sales after each cycle — exactly the dynamic now playing out under [[claim-debt-maturity-crisis]] and illustrated by the capital-stack loss waterfall in [[concept-capital-stack]].