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5931 Reseda Boulevard, Tarz...

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

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

Marc Schillinger

JLL

Broker

$2.2B

vol

50 deals

Broker
First Republic Bank
First Republic BankLender

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