FirstSun Capital Bancorp Sells $890M in Multifamily Commercial Real Estate Loans

By Hao Liu • Monday, June 08 10:50 • Permanent Link

FirstSun Capital Bancorp said Sunflower Bank has closed the sale of approximately $890 million of performing multifamily commercial real estate mortgage loans to Brookfield-affiliated entities, advancing a balance-sheet repositioning tied to its acquisition of First Foundation.

The loan pool carried contractual balances totaling about $890 million. FirstSun said it plans to use the proceeds to pay down certain high-cost brokered and non-brokered deposits acquired from First Foundation Bank.

The sale comes after FirstSun completed its merger with First Foundation Inc. on April 1, 2026. The company said it expects to finish the rest of its previously disclosed balance-sheet loan downsizing by the end of the second quarter of 2026.

FirstSun said the completed loan sale, along with the remaining downsizing and total loan fair value marks, should be in line with the expectations it disclosed when it announced the First Foundation acquisition.

Brookfield said the transaction fits its credit strategy and noted that its credit franchise has grown to more than $365 billion. The market has reacted to these announcements by moving the company's shares 1.32% to a price of $36.14. If you want to know more, read the company's complete 8-K report here.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.