Morgan Lewis Advises OceanFirst Financial Corp. on Sale of $1.3B of Multifamily Loans
June 29, 2026NEW YORK, June 29, 2026: Morgan Lewis advised OceanFirst Financial Corp. (NASDAQ: OCFC) in connection with OceanFirst Bank N.A.'s agreement to sell a $1.3 billion portfolio of commercial mortgage loans secured by multifamily properties primarily located in New York, NY. The portfolio represents a majority of the multifamily loans acquired through OceanFirst's recently completed acquisition of Flushing Financial Corporation, which closed on June 1, 2026.
With approximately $23 billion in assets, OceanFirst Bank N.A., the principal subsidiary of OceanFirst Financial Corp., provides a full range of financial services to businesses and consumers across New Jersey, New York, Long Island, and key metropolitan markets spanning from Massachusetts to Virginia. Its offerings include commercial and residential lending, treasury management, trust and wealth management, and deposit products.
Morgan Lewis partners Ferdinand Gallo, Michael McCarthy, Steven Becker, and David Sylofski advised OceanFirst.