$48,000,000 Construction Financing Secured for Mixed-Use Property in West Hollywood, CA
May 27, 2026 Bank
Deal Summary
Bank of America provided a $48 million construction loan for a new mixed-use development at 8025 Santa Monica Boulevard in West Hollywood, according to industry reporting. The project from Los Angeles based developer Massachi calls for a seven-story building with 115 studio, one, and two bedroom apartments above 3,909 square feet of ground-floor commercial space, with parking for 115 vehicles at grade and across two subterranean levels.
Project approvals require 16 of the apartments to be set aside as affordable housing. The corner-lot development is designed as a contemporary podium building with rooftop terrace decks, an interior courtyard, and a pool deck. Massachi, founded by Alex Massachi, has been active in the neighboring Hollywood submarket, where the firm recently completed a 24-unit building near Santa Monica Boulevard and Orange Drive and has another project proposed on Sunset Boulevard.
A money-center bank writing $48 million of construction debt on a 115-unit infill project is a healthy signal for mid-size Los Angeles development. This is the deal profile many sponsors assume has migrated entirely to debt funds, and closings like this one suggest bank appetite for well-located, entitled projects with density bonus affordable components remains real.
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Market Notes
Sponsors with entitled mid-size multifamily and mixed-use projects in prime Los Angeles submarkets should be testing bank construction appetite before accepting debt fund pricing. Banks are selectively active on this profile, particularly where the entitlement includes affordable set-asides that strengthen the community lending story, and the pricing difference between bank and fund construction money on a two to three year build is substantial. The lender pool for any given project is wider than the first two or three quotes suggest.
Transaction Details
- Closing Date
- May 27, 2026
- Loan Amount
- $48,000,000
- Loan Type
- Bank
- Loan Purpose
- Construction
- Capital Type
- Senior Debt
- Asset Type
- Mixed-Use
- Source
- Industry reporting
Property
- Property Name
- 8025 Santa Monica Blvd
- Address
- 8025 Santa Monica Blvd
- City, State
- West Hollywood, CA
- Market
- Los Angeles
Source: view source announcement
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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.