Barings Real Estate secures $115m financing for West Los Angeles apartment complex
Barings Real Estate announced that it has secured $115 million in financing for The Ventana Luxury Apartments a 405-unit, low-rise multi-housing community in Playa Vista, Calif.
JLL worked on behalf of the borrower to secure the cash-neutral, five-year, full-term, interest-only loan.
The Ventana was originally constructed in 2007 in two phases and offers a variety of studio, one-, two- and three-bedroom apartments, with an average unit size of 1,049 square feet. The apartments feature in-unit washers and dryers, granite countertops and ceiling heights ranging from 9 feet to 14 feet. Community amenities include two clubhouses, two swimming pools, a spa, business center and a fitness center.
Situated at 7225 and 6565 Crescent Park, The Ventana Luxury Apartments are in the master-planned community of Playa Vista, minutes from market-leading tech companies within Silicon Beach. Residents of the community can reach premium shopping and dining, pristine beaches and a