SunTrust Banks, Inc. has retired the Pillar Financial brand name, effective April 30, 2018. This reflects the full integration of Pillar’s capabilities into the SunTrust Commercial Real Estate platform, and its importance as a core capability of the bank.
“Pillar has been a fantastic addition to our commercial real estate platform, filling a unique need for our clients, and making SunTrust one of a select few agency lenders,” said Kathy Farrell, commercial real estate executive at SunTrust. “This change reflects both how Pillar fits seamlessly into our capability set and how we go to market in advising our clients as one team.”
With these fully integrated capabilities, SunTrust offers a suite of Fannie Mae, Freddie Mac and HUD-insured loan products to owners of multifamily housing and healthcare properties across the country. SunTrust provides third party servicing of these and other loans through Cohen Financial. Cohen Financial, which was also part of the Pillar acquisition, will retain its name and continue to operate as a component of the SunTrust CRE line of business.