GPI Cos. affiliate secures $84m in construction financing
Investors - MARCH 16, 2023

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GPI Cos. affiliate secures $84m in construction financing

by Denise Moose

An affiliate of GPI Cos. has secured $84 million in construction financing for Overland and Ayres, a 201-unit, best-in-class multi-housing community in West Los Angeles. JLL worked on behalf of the borrower to secure the floating-rate construction loan through Citizens.

With an anticipated completion in 2024, the six-story Overland and Ayres will be fully integrated with the award-winning, newly constructed West End creative campus. It will feature 100 percent market-rate units, consisting of 56 studios, 97 one-bedroom units, 39 two-bedroom units and nine townhomes fronting Ayres Avenue. Amenities include a health club with open-air environments, including a podium pool deck and outdoor fitness lawn. In addition, the community will include approximately 6,200 square feet of commercial space.

Situated at 2455 Overland Ave., the project is in an affluent West Los Angeles neighborhood and is close to numerous entertainment and employment drivers. In addition, residents wi

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