FirstSun Capital Bancorp said Sunflower Bank has completed 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 was part of its balance sheet repositioning tied to the First Foundation acquisition, which closed on April 1, 2026.
The company 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.
Brookfield said its credit franchise has grown to more than $365 billion.
FirstSun also said the transaction was expected to keep its overall balance sheet repositioning and total loan fair value marks in line with what it had previously disclosed when it announced the First Foundation deal. Following these announcements, the company's shares moved 1.13%, and are now trading at a price of $35.67. Check out the company's full 8-K submission here.
