FirstSun Capital closes $890M multifamily loan sale to Brookfield

Sunflower Bank completed the sale of approximately $890 million in performing multifamily commercial real estate loans to Brookfield Asset Management as part of its post-acquisition balance sheet repositioning following the First Foundation Bank acquisition. The proceeds will be used to pay down high-cost deposits, aligning with FirstSun's previously disclosed strategy to reduce its loan portfolio and optimize its balance sheet.