City First Bank
About
City First Bank is a national commercial bank headquartered in Washington, D.C., formed in its current shape by the 2021 merger of equals between City First and the parent of Los Angeles-based Broadway Federal Bank. Its parent, Broadway Financial Corporation, trades publicly, and the bank reports roughly $1 billion deployed over five years and a CRA rating of Outstanding.
It is both a chartered bank and a certified community development financial institution, and by its own account the largest Black-led minority depository institution in the country. LoanList types its closings as bank debt because the lender is a chartered bank; the CDFI certification sits on top of the charter rather than in place of it.
Its published focus is affordable housing, small business, nonprofits and community facilities, and commercial real estate in low-to-moderate-income communities, with service areas in Washington, D.C. and California. It states that most of its lending supports mission or low-to-moderate-income activity.
LoanList has tracked one closing from City First Bank: an $8,361,500 acquisition loan recorded in April 2026 on a century-old mixed-use building on Windward Avenue in Venice, California, at 70 percent of the recorded purchase price.
Lending Parameters
Markets served: National, California. Asset classes: Mixed-Use.
Recent Closings by City First Bank
| Date | Amount | Asset | Property | City, ST | Lender | Purpose |
|---|---|---|---|---|---|---|
| Mar 27, 2026 | $8,361,500 | Mixed-Use | 52 Windward Ave | Venice, CA | City First Bank | Acquisition |
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