Blockchain Registration Transaction Record

$28M Loan Fuels 92-Unit West LA Apartment Development

Priority Capital Advisory arranges $28M loan for CityPads' 92-unit West LA apartment project. Development includes affordable housing near Apple, Amazon & Sony campuses.

This development addresses Los Angeles' critical housing shortage by adding much-needed rental inventory in one of the city's most supply-constrained markets. The project's strategic location near major employers like Apple, Amazon, and Sony provides essential housing options for workers in the region's booming tech and entertainment industries. By offering both market-rate and affordable units with premium amenities at below-market rents, it helps alleviate the affordability crisis while creating walkable, transit-oriented living options. The successful financing despite Measure ULA challenges demonstrates continued investor confidence in Los Angeles' housing market and signals potential for more development in under-supplied neighborhoods.