$10,000,000 Refinance Secured for Retail Property in Santa Monica, CA
Jan 22, 2026 Bank
Deal Summary
JPMorgan Chase provided a $10 million loan secured by adjacent retail properties at 318 and 332 Santa Monica Boulevard in downtown Santa Monica, totaling approximately 15,000 square feet, according to public records. James P. Argyropoulos signed as member for the borrower.
The century old buildings sit two blocks from the Third Street Promenade in the heart of downtown, a district in the midst of a broader repositioning as ownership groups and the city work through the next chapter for its retail core.
Money center banks continuing to lend on downtown Santa Monica retail, even at moderate proceeds, is part of the same 2026 pattern visible across the district's larger financings: the capital markets are underwriting the turnaround.
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Market Notes
Owners of legacy downtown retail holding low basis positions have more financing flexibility than the district's headlines suggest. Moderate leverage requests on well located buildings are getting done with major banks, and owners planning capital improvements should explore financing the program now rather than waiting for the district's repricing to fully play out.
Transaction Details
- Closing Date
- Jan 22, 2026
- Loan Amount
- $10,000,000
- Loan Type
- Bank
- Loan Purpose
- Refinance
- Capital Type
- Senior Debt
- Asset Type
- Retail
- Source
- Public records
Property
- Property Name
- 318 & 332 Santa Monica Blvd
- Address
- 318 & 332 Santa Monica Blvd
- City, State
- Santa Monica, CA
- Market
- Los Angeles
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Transaction details are compiled from public announcements, press releases, industry reporting, or information submitted by parties to the transaction, and have not been independently verified by LoanList CRE. Terms shown may be approximate. Nothing on this page constitutes a quote, offer, or guarantee of financing terms. Full disclaimer.