Broadway Financial, operating through its subsidiary City First Bank, is a community development bank focused on lending to historically underserved, low- and moderate-income communities in Los Angeles and Washington, D.C. City First operates three branches — two in Southern California and one in Washington, D.C. The bank's core business is making real estate-secured loans, primarily to multi-family residential properties (apartment buildings with five or more units), which represent roughly 58% of its ~$1.0B loan portfolio. City First also lends on commercial real estate (including charter schools and churches), construction projects, and commercial businesses. Customers include real estate investors, nonprofits, local municipalities, and small-to-medium businesses in low- and moderate-income neighborhoods. City First earns money primarily through net interest income — the spread between interest earned on loans and investments and interest paid on deposits and borrowings. The bank funds its loan portfolio primarily through retail deposits, supplemented by FHLB advances and securities repurchase agreements. City First is a certified Community Development Financial Institution (CDFI) and a Delaware public benefit corporation, which gives it access to mission-aligned depositors such as nonprofits and municipalities. Over 94% of multi-family loan originations come through wholesale mortgage brokers, while commercial and construction loans are sourced through the bank's own loan officers.