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
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