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

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FINANCED
$92,000,000

California

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Development Site
Financed 08/13/2025
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Property Image
FINANCED

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

10505 Washington Boulevard

See Similar Deals
Development Site
Financed 08/13/2025
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Summary

CALIFORNIA
Asset Type:Development Site
Transaction Type:Loan

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
33 deals$1.6B volume
BROKER

Chad Morgan
JLL
13 deals$542.4M volume(949) 274-0018
BROKER

JLL
BROKERAGE


Details

FINANCED
IMAGE: Jeff Sause, Chad Morgan, Simon Lazar & Sam Mostadim DATE: 08/13/2025 ADDRESS: 10505 Washington Boulevard MARKET: Culver City ASSET TYPE: Development Site LENDER: Craig Solomon - Affinius Capital (@AffiniusCapital) LANDLORD: Simon Lazar & Sam Mostadim - Helio Group (@LiveHelio) LANDLORD'S REP: Jeff Sause & Chad Morgan - JLL (@JLL) LOAN AMOUNT: $92,000,000 LOAN TYPE: Construction

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Deal Type
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