Barings Real Estate Secures $115M Refinance Loan For Playa Vista Multifamily Property

The Ventana, a luxury multifamily community located in Playa Vista, has successfully obtained $115 million in financing through a five-year cash-neutral loan. The loan was secured by Barings Real Estate and arranged by Jones Lang LaSalle Inc. The Ventana consists of two properties located at 7225 and 6565 South Crescent Park West, offering a total of 405 units. This successful transaction reflects expert collaboration and navigation, resulting in exceptional outcomes for all parties involved.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $115,000,000
• Address: 7225 & 6565 South Crescent Park West
• Market: Playa Vista

Key individuals and companies involved in the deal include PGIM Real Estate, serving as the lender represented by Eric Adler, and Barings Real Estate, serving as the landlord represented by Taylor Johnson. The brokerage services were provided by Annie Rice, Brandon Smith, and Chris Drew from JLL. Their expertise and collaborative efforts played a crucial role in successfully securing the financing for The Ventana in Playa Vista.