JLL Closes $115M Financing for Playa Vista Apartments

By: Paul Bubny

JLL arranged the $115-million financing for The Ventana Luxury Apartments, a 405-unit, low-rise multi-housing community located in the master-planned community of Playa Vista. The team of senior managing director Chris Drew, managing directors Annie Rice and Brandon Smith and director Gyasi Edmondson worked on behalf of the borrower, Barings Real Estate, to secure the cash-neutral, five-year, full-term interest-only loan. 

“The closing of The Ventana is a testament to the JLL team’s expertise and strong collaboration between Barings and PGIM Real Estate,” said Taylor Johnson, senior director of U.S. real estate capital markets at Barings. “We are proud to have a trusted advisory team at JLL dedicated to navigating this deal’s intricacies and delivering exceptional results for our investors.”  

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