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Seaview Capital Refinances Multifamily Property In Tarzana With $23.4M Loan

Property Image
FINANCED
$23,350,000
Max Mraz
Brooke Hinkel
Marc Schillinger

California

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MultiFamily
Financed 05/11/2022
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Property Image
FINANCED

Seaview Capital Refinances Multifamily Property In Tarzana With $23.4M Loan

5931 Reseda Boulevard, Tarzana, California 91356, United States

See Similar Deals
MultiFamily
Financed 05/11/2022
Max Mraz
Brooke Hinkel
Marc Schillinger
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:MultiFamily
Transaction Type:Loan

Located in Tarzana, the multifamily property at 5931, 5919 & 7650 Reseda Blvd. has recently undergone a loan refinancing transaction. The property consists of 148 units, making it a significant asset in the market.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $23,350,000
  • Date: 05/11/2022
  • Market: Tarzana
  • Units: 148

First Republic Bank provided the loan for the refinancing, while Seaview Capital acts as the landlord. The brokers involved in the deal are Marc Schillinger, Max Mraz, and Brooke Hinkel from JLL.

Players

Marc Schillinger
JLL
Marc Schillinger
49 deals$2.2B volume
BROKER
Max Mraz
JLL
Max Mraz
13 deals$452.3M volume
BROKER
Brooke Hinkel
JLL
Brooke Hinkel
9 deals$463.9M volume
BROKER
First Republic Bank
First Republic Bank
LENDER
SC
Seaview Capital
LANDLORD

Details

FINANCED
IMAGE: Marc Schillinger, Davana Fryzer, Max Mraz & Brooke Hinkel DATE: 05/11/2022 ADDRESS: 5931, 5919 & 7650 Reseda Blvd. MARKET: Tarzana ASSET TYPE: Multifamily ~ UNITS: 148 LENDER: First Republic Bank LANDLORD: Seaview Capital BROKERS: Marc Schillinger (@Smaaackdab), Max Mraz (@Tajmraj) & Brooke Hinkel (@Brooke.Hinkel) - JLL (@JLL) LOAN AMOUNT: $23,350,000 LOAN TYPE: Refinance

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$23,350,000.00

Monthly NOI$155,666.67
Monthly Debt Service$147,587.88
Change in Cash Flow$0.00
Refinance Proceeds$0.00