JLL has successfully arranged a $115 million financing deal for The Ventana Luxury Apartments in Playa Vista, a highly sought-after master-planned community. Led by senior managing director Chris Drew and his team of experts including managing directors Annie Rice and Brandon Smith, as well as director Gyasi Edmondson, JLL secured a five-year interest-only loan on behalf of the borrower Barings Real Estate.
According to Taylor Johnson, senior director of U.S. real estate capital markets at Barings, the successful closing of this deal is proof of JLL’s exceptional expertise and strong collaboration with PGIM Real Estate. He also expressed pride in having such a dedicated advisory team at JLL who were able to navigate through the complexities involved in this transaction and deliver outstanding results for their investors.
The Ventana was built in two phases back in 2007 and boasts 405 units consisting of studios, one-, two- ,and three-bedroom apartments with an average size unit measuring 1,049 square feet.
