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

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.