OceanFirst Sells NYC Rent-Stabilized Loans

OceanFirst Bank is swiftly offloading a $1.4 billion portfolio of New York City rent-stabilized apartment loans—acquired from Flushing Financial—to cut ties with a risky, post-2019 housing law market that’s crushed property values and lender confidence. With a June deadline, the move signals a bold risk-management play as the bank sheds a core part of its new loan book. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/701fb93f4865c967