FirstSun Capital Bancorp Sells $890M Loan Pool to Brookfield Asset Management

By Philip Seaworth • Saturday, June 06 16:01 • Permanent Link

FirstSun Capital Bancorp said Sunflower Bank closed the sale of approximately $890 million of performing multifamily commercial real estate mortgage loans to entities affiliated with Brookfield Asset Management.

The loan pool was acquired from First Foundation Bank and carried contractual balances totaling about $890 million. FirstSun said the transaction is part of its balance sheet repositioning plan tied to the First Foundation acquisition, which closed April 1, 2026.

The bank said it expects to finish the rest of its previously disclosed balance sheet loan downsizing before the end of the second quarter of 2026. It plans to use the sale proceeds to pay down certain high-cost brokered and non-brokered deposits acquired from First Foundation Bank.

FirstSun said its overall balance sheet repositioning, including loan downsizing and total loan fair value marks, is expected to be in line with the expectations it set when it announced the First Foundation deal. Brookfield said the transaction lifts its credit franchise to more than $365 billion. The market has reacted to these announcements by moving the company's shares 1.13% to a price of $35.67. For more information, read the company's full 8-K submission here.

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