JPI Secures $80M for Development in South Gate

Developer JPI has secured $80 million in construction financing to build Jefferson on Imperial, a 244-unit luxury multifamily community in South Gate, California. JPI broke ground on the development in March and expects the initial apartment homes to be delivered by October 2020.

Located at 10920 Garfield Avenue in South Gate, the 4.1-acre site formerly housed a retail center. The new four-story, wrap structure will offer a mix of one-, two-, and three-bedroom homes.

Shlomi Ronen of Dekel Capital secured the funds on behalf of the developer.