Despite an apparent tightening in the seniors housing financing world (a topic which we will discuss in detail in our webinar at 1PM on October 27), borrowers may soon have a new name to choose from. SunTrust Bank announced it intends to acquire substantially all assets of the operating subsidiaries of Pillar Financial, LLC, along with its multi-family, affordable housing, healthcare property, senior housing, and manufactured housing lending platforms. Pillar’s HUD, Fannie Mae and Freddie Mac licenses also enticed SunTrust, which would be able to offer agency lending options to its clients. In return, Pillar would gain access to a number of expanded products including bridge loans, equity for affordable housing developments, and capital markets capabilities through SunTrust Robinson Humphrey. The transaction is expected to close by the end of the year, but financial terms were not disclosed. SunTrust Robinson Humphrey served as financial advisor to SunTrust Bank while Beekman Advisors strategically advised Pillar.