JLL successfully secured a $115 million loan for The Ventana Luxury Apartments, a 405-unit multi-housing community located in Playa Vista. Led by senior managing director Chris Drew and managing directors Annie Rice and Brandon Smith, along with director Gyasi Edmondson, the JLL team worked on behalf of borrower Barings Real Estate to secure the five-year interest-only loan.
According to Taylor Johnson, senior director of U.S. real estate capital markets at Barings, this deal was made possible through strong collaboration between Barings and PGIM Real Estate as well as the expertise of the JLL team. Their dedication resulted in exceptional results for investors.
The Ventana was built in two phases in 2007 and offers various unit sizes including studios, one-, two-, and three-bedroom options with an average size of 1,049 square feet.
