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12124 Pacific Avenue

Updated May 4, 2026

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

Units

108

Asset Type

MultiFamily

Closing

Apr 27, 2026

About this deal

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.

On the Map

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$36,000,000

MultiFamily

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Players

Marc Schillinger

JLL

Broker

$2.3B

vol

55 deals

Broker
Keaton Yellin
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Keaton Yellin

JLL

Broker

$833.1M

vol

32 deals

Broker
SC
Seaview CapitalLandlord
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Los Angeles MultiFamily Market Snapshot

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Deal FAQ

About $333.3K per unit across 108 units on a published $36M (2026).

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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

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