Seaview Capital Refinances Multifamily Property In Tarzana With $23.4M Loan
5931 Reseda Boulevard, Tarzana, California 91356, United States
$23,350,000
Building Size
—
Asset Type
MultiFamily
Closing
May 10, 2022
AI
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
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
0.68%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93