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12124 Pacific Avenue

Davana Fryzer Of Seaview Capital Secures $36 Million Construction Loan For 108-Unit Multifamily Property
FINANCEDMultiFamily

Davana Fryzer Of Seaview Capital Secures $36 Million Construction Loan For 108-Unit Multifamily Property

12124 Pacific Avenue

$36,000,000

Building Size

Asset Type

MultiFamily

Closing

Apr 27, 2026

AI

The asset involved in the transaction is a multifamily property located at 12124 Pacific Avenue in the Mar Vista market, comprising 108 units. The loan amount secured for this property is $36,000,000, categorized as a construction loan.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $36,000,000
  • Address: 12124 Pacific Avenue
  • Market: Mar Vista
  • Units: 108
  • Landlord: Davana Fryzer - Seaview Capital
  • Debt Brokers: Marc Schillinger, Keaton Yellin & Charlie Paul - JLL
  • Loan Type: Construction

The transaction involves key individuals including Davana Fryzer, representing Seaview Capital as the landlord. The debt brokers facilitating the loan include Marc Schillinger, Keaton Yellin, and Charlie Paul from JLL, who played a significant role in securing the financing for this development project.

Players

Marc Schillinger

JLL

Broker

$2.2B

vol

50 deals

Broker
Keaton Yellin
Verified Badge

Keaton Yellin

JLL

Broker

$750.7M

vol

26 deals

Broker
SC
Seaview CapitalLandlord

Los Angeles MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.44%

Cash-on-Cash

-0.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93