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
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