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10505 Washington Boulevard ...

Updated Aug 21, 2025

Helio Group Secures $92M Loan From Affinius Capital For Culver City Development Site
FINANCEDDevelopment Site

Helio Group Secures $92M Loan From Affinius Capital For Culver City Development Site

10505 Washington Boulevard In Culver City

$92,000,000

Units

192

Asset Type

Development Site

Closing

Aug 21, 2025

About this deal

AI

The property involved in this transaction is a development site located at 10505 Washington Boulevard in Culver City. The site is earmarked for the construction of Aston Residences, a luxury multifamily project featuring 192 units. The total loan amount secured for this development is $92,000,000, designated specifically for construction purposes.

Summary of transaction details:

Eric Cohen from Affinius Capital is the lender providing the construction loan, while Jeff Sause from JLL arranged the financing deal. Helio Group is the landlord responsible for the development site, focusing on the execution of the Aston Residences project.

On the Map

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$92,000,000

Development Site

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Players

Jeff Sause

JLL

Broker

$1.7B

vol

35 deals

Broker
JLL
JLLBrokerage

Eric Cohen

Affinius Capital

Lender

$380M

vol

9 deals

Lender
Affinius Capital
Affinius CapitalLender
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Culver City Development Site Market Snapshot

Boundary boundary · Development Site · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.17%

Cash-on-Cash

-0.05%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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