$29,400,000 Bridge Loan Secured for Retail Property in Santa Monica, CA
Feb 3, 2026 Debt Fund
Deal Summary
QR RE Capital REIT LLC provided a $29.4 million loan secured by a commercial property at 1674 20th Street in Santa Monica, according to public records. The loan carries a November 2026 maturity, with Andrew M. Aiken signing as manager for the borrower.
The nine month term is consistent with short duration bridge financing, and the loan basis relative to the recorded 12,500 square foot improvement suggests the underwriting rests on land value or additional collateral in the Bergamot corridor, an area shaped by the Expo Line and its surrounding creative and life science development activity.
Very short term, high basis private loans of this profile typically bridge to a specific event, whether an entitlement milestone, a sale, or a recapitalization, and the Bergamot area has been one of Santa Monica's most active corridors for exactly those business plans.
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Market Notes
Short fuse bridge debt is a tool, not a plan. Borrowers taking six to twelve month money should have the exit financing process running before the bridge closes, not after, because the refinance market's appetite in month eight is the single biggest risk in the structure.
Transaction Details
- Closing Date
- Feb 3, 2026
- Loan Amount
- $29,400,000
- Loan Type
- Debt Fund
- Loan Purpose
- Bridge
- Capital Type
- Senior Debt
- Term
- 9 months
- Asset Type
- Retail
- Source
- Public records
Property
- Property Name
- 1674 20th St
- Address
- 1674 20th St
- 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.