Barings, Counterpointe provide $315m in construction financing for mixed-use development in Los Angeles

Barings announced that it has provided a $160 million construction loan alongside $155.5 million in C-PACE financing from a subsidiary of Counterpointe Sustainable Advisors for the development of Habitat, a live-work-thrive campus in Los Angeles with creative office, luxury residential, retail and an integrated park.

“We are thrilled to deepen our partnership with Lendlease on this exceptional development, leveraging our in-house expertise in construction lending alongside Counterpointe’s established C-PACE program to offer a customized capital solution,” said Justin Preftakes, head of construction lending at Barings. “We see significant opportunity in construction lending given the pullback from more traditional sources of capital, combined with high barriers to entry, and we’re excited to be able to execute this type of complex transformational project.”

The $160 million senior loan provided by Barings has a five-year term and the $155.5 million C-PACE fi