Flushing Financial seeks to raise $70 million to shore up capital as it unloads underwater bonds

Flushing Financial, a New York-based commercial real estate lender, is seeking to raise $70 million to shore up its capital, CNBC has learned.The bank's CEO, John Buran, has told potential investors that he intends to sell low-yielding bonds and loans backed by commercial real estate, including multifamily buildings, moves that would generate a loss and necessitate the sale of fresh stock, people with knowledge of the deal told CNBC.Bankers working on the deal have yet to finalize pricing, but it will likel ...