JLL Secures $84M Financing for West LA Project
JLL Capital Markets has arranged $84 million in construction financing for Overland and Ayres, a 201-unit multifamily community in West Los Angeles, CA. JLL worked on behalf of the borrower, GPI Companies, to secure the floating-rate loan through Citizens.
Located at 2455 Overland Avenue, and expected to be delivered in 2024, the six-story complex will be fully integrated with the newly constructed West End creative campus. Overland and Ayers will consist of studio, one- and two-bedroom units along with nine townhomes fronting Ayres Avenue. Community amenities include a health club with open-air environments, a pool deck and a fitness lawn.
“We are proud to have been able to source a construction loan that satisfied our client’s needs despite economic headwinds, and look forward to seeing this beautiful project come to life,” said JLL’s Greg Brown who secured the loan along with the firm’s Kevin MacKenzie, Jeff Sause, Sam Godfrey and Charlie Vorsheck.
Connect Los Angeles is around the corner! A tremendous line-up of CRE professionals will be speaking at Connect LA on May 3rd at Hotel Indigo, and you’re invited! Details and registration info here.