$95,000,000 Construction Financing Secured for Mixed-Use Property in Santa Monica, CA
May 1, 2026 Life Company
Deal Summary
Pacific Life Insurance Company provided a $95 million construction loan secured by an assemblage at 2501, 2515 and 2525 Wilshire Boulevard in Santa Monica, according to public records. The borrower is US 2501 Wilshire Owner LLC, with David Regan signing as member.
The loan was recorded across three contiguous parcels currently improved with older retail, office and mixed use buildings, and was recorded the same day as a companion $75 million Pacific Life construction loan on a related assemblage two blocks west. Together the two facilities put $170 million of life company construction capital to work on mid Wilshire Santa Monica development in a single day.
Life company construction lending on this scale in a rent controlled coastal city is a strong statement of institutional conviction in Santa Monica's long term multifamily and mixed use fundamentals.
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Market Notes
Life companies are quietly competitive on large construction loans for sponsors who fit their credit box, often with fixed rate construction to permanent structures that banks and debt funds cannot replicate. Developers with entitled projects in premier coastal submarkets should include life company capital in any construction financing process rather than treating it as a permanent loan source only.
Transaction Details
- Closing Date
- May 1, 2026
- Loan Amount
- $95,000,000
- Loan Type
- Life Company
- Loan Purpose
- Construction
- Capital Type
- Senior Debt
- Asset Type
- Mixed-Use
- Source
- Public records
Property
- Property Name
- 2501-2525 Wilshire Blvd Assemblage
- Address
- 2501, 2515 & 2525 Wilshire 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.