LA Micro Suites Project Receives Major Construction Loan

Real estate capital markets advisor WAY Capital has secured a $40 million senior construction loan on behalf of Six Peak Capital and Grandview Partners, for the ground-up development of a micro suite portfolio in the Mar Vista neighborhood of West Los Angeles. 

The project will consist of 282 suite living units that share a common area with other residents. The units will offer stainless steel appliances, granite countertops and wood flooring. Community amenities at the four-story project will include a spacious rooftop deck and an open-air landscaped courtyard. 

“The suite living projects are a modern solution to the ongoing housing shortage and availability crisis,” said WAY Capital Founder Malcolm Davies who sourced the financing on behalf of East West Bank with Managing Partner Zachary Streit. “We are excited to continue to expand our investments in Los Angeles with our partners at Grandview,” added Chris Aiello, a partner at Six Peak Capital.