Updated Apr 21, 2026
Genesis Capital Provides $15,720,500 Construction Loan For Development Site In Los Angeles
7115 West Manchester Avenue
$15,720,500
Units
36
Asset Type
Development Site
Closing
Apr 14, 2026
About this deal
AI
The property asset involved is a development site located at 7115 West Manchester Avenue in the Los Angeles market, comprising a total of 36 units. The loan amount secured for the development is $15,720,500, classified as a construction loan.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $15,720,500
- Address: 7115 West Manchester Avenue
- Market: Los Angeles
- Units: 36
- Lender: Genesis Capital
- Brokers: Chad Morgan, Keaton Yellin & Thomas Gonzalez - JLL
- Loan Type: Construction
The key individuals involved in this transaction are Chad Morgan, Keaton Yellin, and Thomas Gonzalez, who represent the deal through their brokerage, JLL. They have played a pivotal role in facilitating the loan from Genesis Capital for this development project.
On the Map
$15,720,500
Development Site
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Players
Los Angeles Development Site Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.01%
Cash-on-Cash
-0.29%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93