PGIM Real Estate has recently provided $114.61 million in fixed-rate financing for The Ventana, a luxury multifamily property located in the desirable beachfront community of Playa Vista. This financing was secured on behalf of Barings Real Estate through PGIM’s core lending strategy.
According to Tom Goodsite, managing director at PGIM Real Estate, “We are thrilled to have been able to provide this financing for The Ventana project by Barings Real Estate.” He also added that it is encouraging to see the market rebound and stabilize after facing volatility due to the COVID-19 pandemic.
The demand for multifamily housing in Playa Vista remains strong due to its proximity to high-paying tech employers in Silicon Beach. As such, PGIM Real Estate is dedicated towards identifying opportunities within these need-based submarkets.
Join us on Sept 27th at VEA | Newport Beach Marriott for Connect Orange County – an event focused on real estate networking and education. Concurrently taking place with Connect Healthcare Real Estate on Sept 27th and 28th.Register herefor Connect Orange County orherefor Connect Healthcare Real Estateto secure your spot today!
