$43,000,000 Refinance Secured for Office Property in Santa Monica, CA
Jun 2, 2026 Bank
Deal Summary
Wells Fargo Bank provided a $43 million loan secured by a three building portfolio at 2014, 2050 and 2110 Broadway in Santa Monica, comprising approximately 83,000 square feet of office and light industrial space, according to public records. The borrower is CF Santa Monica Office II, with Michael Carp signing as member.
The buildings sit in Santa Monica's mid city corridor between downtown and Bergamot Station, an area whose creative office and flex stock has historically drawn media, technology, and production tenancy.
Portfolio financings on creative office product remain achievable with money center banks where the rent roll and sponsorship support it, even as the broader office debt market stays selective.
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Market Notes
Owners of multi building positions in the same submarket should evaluate portfolio financing against building by building debt. The portfolio route can unlock better pricing and proceeds through diversification, but it concentrates lender relationships and complicates individual asset sales, so the release structure deserves as much negotiation as the spread.
Transaction Details
- Closing Date
- Jun 2, 2026
- Loan Amount
- $43,000,000
- Loan Type
- Bank
- Loan Purpose
- Refinance
- Capital Type
- Senior Debt
- Asset Type
- Office
- Source
- Public records
Property
- Property Name
- Broadway Office Portfolio
- Address
- 2014, 2050 & 2110 Broadway
- 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.