$58M construction takeout financing secured for 119-unit luxury multi-housing housing asset in Los Angeles

LOS ANGELES, Aug. 27, 2025 – JLL Capital Markets announced today that it secured a $58 million loan for the refinance of Arya Apartments, a newly built 119-unit Class A multi-housing community in the greater Culver City submarket of Los Angeles, California.

JLL represented the borrower, Helio Group, in arranging the floating rate loan with Canyon Partners Real Estate.

Arya benefits from its desirable location within the greater Culver City submarket of Los Angeles, an area supported by a robust employment base and an abundance of attractive retail, dining, and entertainment offerings. Notably, Pizzeria Sei, which ranked second on the "50 Top Pizza" list of best pizzerias in the U.S. in 2025, is slated to open its second location on the ground floor of Arya.

Arya Apartments offers luxury apartment living with state-of-the-art community amenities. The property features 38 studio, 36 one-bedroom and 45 two-bedroom units, all designed with luxury finishes and smart home technology. Residents enjoy a premium amenity package including a penthouse-level fitness center with Technogym equipment, an expansive rooftop lounge with BBQ areas, a co-work lounge with conference room, EV charging stations and a future rooftop pool.

JLL Capital Market’s Debt Advisory team was led by Senior Managing Director Jeff Sause, Director Chad Morgan, Associate Jacob Michael and Analyst Danny Ryan.

“We continue to see heightened competition in today’s lending environment driven by strong sponsorship and quality, well-located assets," said Sause. "Helio Group’s successes transforming this micro market with best-in-class product made Arya a very attractive opportunity for lenders.”

Helio Group is a vertically integrated real estate investment and development company led by Simon Lazar and Sam Mostadim with extensive experience in the immediate submarket. Arya represents one of five Helio-developed multifamily projects located in the Greater Culver City submarket since 2018.

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

For more news, videos and research resources, please visit JLL’s newsroom.

Jones Lang LaSalle Americas, Inc. ("JLL") is a real estate broker licensed with the California Department of Real Estate, license #01223413.

Helio Group, led by Simon Lazar and Sam Mostadim, is a Los Angeles-based real estate investment and development company that specializes in the acquisition, entitlement and development of multi-housing assets in Southern California. The company operates as a vertically integrated developer, self-performing as general contractor and property manager with extensive experience in the immediate area where they have successfully developed over 1,000 units.

Founded in 1991, Canyon Partners Real Estate LLC is the real estate direct investing arm of Canyon Partners, LLC, a global alternative asset manager with over $28 billion in assets under management. Over the last fifteen years, Canyon has invested over $7.9 billion of debt and equity capital across 274 transactions capitalizing approximately $32.6 billion of real estate assets, focusing on debt, value add, and opportunistic strategies. With 30+ years of experience, Canyon has established a broad menu of investment capabilities spanning property types, US regions, and project stages (including development, transitional, and distressed/workouts). For more information visit: www.canyonpartners.com.