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10505 Washington Boulevard

Simon Lazar And Sam Mostadim Of Helio Group Secure $92 Million Construction Loan For Development Site In Culver City
FINANCEDDevelopment Site

Simon Lazar And Sam Mostadim Of Helio Group Secure $92 Million Construction Loan For Development Site In Culver City

10505 Washington Boulevard

$92,000,000

Building Size

Asset Type

Development Site

Closing

Aug 13, 2025

AI

The asset involved in this transaction is a development site located at 10505 Washington Boulevard in Culver City. The loan amount for this property is $92,000,000, designated for construction purposes.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $92,000,000
  • Lender: Craig Solomon - Affinius Capital
  • Landlord: Simon Lazar & Sam Mostadim - Helio Group
  • Landlord's Representative: Jeff Sause & Chad Morgan - JLL
  • Loan Type: Construction

This transaction features key individuals including Craig Solomon representing Affinius Capital as the lender. The landlord's interests are represented by Simon Lazar and Sam Mostadim of Helio Group, with Jeff Sause and Chad Morgan from JLL acting as the landlord's representatives during the deal.

Players

Jeff Sause

JLL

Broker

$1.6B

vol

33 deals

Broker
JLL
JLLBrokerage
Affinius Capital
Affinius CapitalLender

Culver City Development Site Market Snapshot

Boundary boundary · Development Site · Loan transactions

Loading comparables…

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