OceanFirst to sell $1.4B multifamily loans from Flushing acquisition
OceanFirst Financial agreed to sell $1.4 billion of multifamily loans acquired in its June 1 Flushing Financial deal, reducing CRE concentration and NY rent-regulated exposure. The sale, expected by Q2 2026, represents a balance sheet repositioning with proceeds reinvested in investment-grade securities.
AI-generated summary for informational purposes only. Always verify against the original filing. Not investment advice. BriefTape is not a registered investment adviser.
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