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Helio Group Secures $92M Loan From Affinius Capital For Culver City Development Site
FINANCED
$92,000,000
California
See Similar DealsDevelopment Site
Financed 08/21/2025
FINANCED
Helio Group Secures $92M Loan From Affinius Capital For Culver City Development Site
10505 Washington Boulevard In Culver City
See Similar DealsDevelopment Site
Financed 08/21/2025
Summary
CALIFORNIA
Asset Type:Development Site
Transaction Type:Loan
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:
- Property Type: Development Site
- Transaction Amount: $92,000,000
- Lender: Eric Cohen - Affinius Capital
- Landlord: Helio Group
- Broker: Jeff Sause - JLL
- Completion Expected: Q1 2028
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.
Players
BROKERAGE
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$92,000,000.00
Monthly NOI$613,333.33
Monthly Debt Service$581,502.58
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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