News release

Trophy multi-housing property near Phoenix refinanced with $36.35M loan

JLL Capital Markets arranged the financing for Seaview Capital’s The Premiere at Eastmark 

January 04, 2022

Jenna Sharp

Capital Markets PR
+1 214 438 6450

LOS ANGELES, Jan. 4, 2022 – JLL Capital Markets announced today that it has arranged a $36.35 million refinancing for The Premiere at Eastmark, an apartment community in Mesa, Arizona.

JLL worked on behalf of the borrower, Los Angeles-Seaview Capital, to originate the 10-year, fixed-rate loan. Seaview Capital, formally PCS Holdings, is the family office of Joseph Fryzer and currently owns and operates over 1,300 units nationally with a focus on Los Angeles, Phoenix and Boston.

"We are planning to expand our footprint to over 1,000 units in greater Phoenix metro and are very excited to replicate the success we have had in Eastmark," said Davana Fryzer, principal and head of acquisitions for Seaview Capital.

The JLL Capital Markets Debt Advisory team representing the borrower was led by Senior Managing Director and Head of Private Capital Debt Marc Schillinger, along with Jason Carlos, Director.

“The Premiere at Eastmark is a special asset that was perfectly built to meet tenant demand for highly amenitized luxury product in East Phoenix,” Schillinger said. “Rent growth was increasing so quickly during the transaction that we were able to lock an incredible rate during the lease-up while also taking advantage of higher rents to achieve maximum proceeds at the time of closing."

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

For more news, videos and research resources on JLL, please visit our newsroom.

About JLL

JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $16.6 billion in 2020, operations in over 80 countries and a global workforce of more than 95,000 as of September 30, 2021. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit

About Seaview Capital

Seaview Capital, LLC has completed projects in excess of $1 billion consisting of over 60 buildings and 2,500 units. Seaview Capital does not take any outside investors and currently self-funds all projects allowing the company to have a generational viewpoint for long-term investment hold periods. The company specializes in multi-family value-add investing, ground up development and alternative investment opportunities. It has expertise in telecommunications, energy, resort development and commercial real estate. Seaview’s current portfolio consists of properties in greater Los Angeles, Phoenix and Boston with a focus on multi-family properties and upscale single-family rentals. The company is actively investing in the Western United States and Massachusetts. Please visit for more information or reach out to Davana Fryzer ( for acquisition opportunities.