FirstSun Capital Bancorp Sells $890M of Mortgage Loans

By Ahmed Jamerson • Sunday, June 07 16:01 • Permanent Link

FirstSun Capital Bancorp said its bank has closed the sale of about $890 million of performing multifamily commercial real estate mortgage loans acquired from First Foundation Bank to Brookfield-affiliated entities.

The transaction marks another step in FirstSun’s balance-sheet repositioning after its April 1, 2026 acquisition of First Foundation, Inc. FirstSun said it expects to finish the rest of its previously disclosed loan downsizing before the end of the second quarter of 2026.

The company said it plans to use the sale proceeds to pay down certain high-cost brokered and non-brokered deposits acquired from First Foundation Bank.

Brookfield described the deal as part of its credit strategy, noting that its credit franchise has grown to more than $365 billion.

FirstSun said the sale and related balance-sheet adjustments, including loan downsizing and fair value marks, are expected to remain in line with the expectations it set when it announced the First Foundation acquisition. As a result of these announcements, the company's shares have moved 1.13% on the market, and are now trading at a price of $35.67. Check out the company's full 8-K submission here.

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