$11,500,000 Refinance Secured for Multifamily Property in Santa Monica, CA
Jan 20, 2026 Bank
Deal Summary
CTBC Bank Corp. (USA) provided an $11.5 million loan cross-collateralized by two newer vintage multifamily properties at 947 4th Street and 914 5th Street in Santa Monica, totaling nine units built in 2013 and 2014, according to public records. Thomas Yu signed as manager for the borrower entities.
The properties sit north of Wilshire in one of Santa Monica's strongest rental pockets, where small, newer buildings command premium rents from tenants paying for location and product quality.
Asian American community banks are among the most consistent lenders on small balance Southern California multifamily, offering relationship driven executions and competitive terms on portfolios that larger institutions overlook.
Get a lender shortlist for a comparable Multifamily property
See which lenders are actively financing multifamily in Los Angeles, and get a confidential read on proceeds, structure, and pricing for your property. No fee to talk, and nothing is published without your consent.
Market Notes
Small portfolio owners often leave proceeds on the table by financing buildings individually with the same lender that did the last deal. Cross-collateralized portfolio loans, especially from relationship focused community banks, can unlock better leverage and pricing across a small balance portfolio in a single close.
Transaction Details
- Closing Date
- Jan 20, 2026
- Loan Amount
- $11,500,000
- Loan Type
- Bank
- Loan Purpose
- Refinance
- Capital Type
- Senior Debt
- Asset Type
- Multifamily
- Source
- Public records
Property
- Property Name
- 947 4th St & 914 5th St Portfolio
- Address
- 947 4th St & 914 5th St
- City, State
- Santa Monica, CA
- Market
- Los Angeles
Similar Recent Loans
All multifamily loans →Construction · Multifamily · Beverly Hills, CA
View deal →Acquisition · Multifamily · Alhambra, CA
View deal →Construction · Multifamily · Los Angeles, CA
View deal →Financing a similar property?
See what lenders are active on multifamily in California, or request a confidential loan review with Andrew Sawyer, commercial real estate capital markets advisor.
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.