$92M construction financing secured for new 190-unit luxury multi-housing development in Culver City

LOS ANGELES, Aug. 25, 2025 – JLL Capital Markets announced today that it secured a $92 million construction loan for Aston Residences, a to-be-built, 190-unit, Class A multi-housing project in Culver City, California.

JLL represented the borrower, Helio Group, in arranging the floating rate loan with Affinius Capital.

Aston Residences, located at 10505 Washington Blvd in the highly walkable Culver City neighborhood, offers easy access to Erewhon, Trader Joe’s and the downtown dining and entertainment district. The property will benefit from proximity to major Fortune 500 anchors, as well as ongoing developments including Ivy Station and Apple’s Culver Crossings. With access to the Palms Expo Line, regional transit and major arteries including I-10 and I-405, Aston Residences will offer strong connectivity across the Greater Los Angeles area.

Once completed, Aston Residences will offer contemporary living with state-of-the-art community amenities and 5,191 square feet of ground-floor retail. This modern luxury multi-housing community will feature 160 one- and 30 two-bedroom units, all designed with luxury finishes and smart home technology. Residents will enjoy premium amenities including a fitness room, clubroom, indoor pickleball court, hot and cold plunge pools, outdoor kitchen and bicycle parking within a three-floor garage.

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

"This construction financing underscores the strength of Helio Group’s sponsorship and highlights the transformative impact this development will have on the surrounding area," said Sause. "This project represents a significant step forward in creating a vibrant, pedestrian focused environment for the area that complements Helio Group’s nearby holdings."

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. Helio plans to complete the project in the first quarter of 2028.

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.

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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.

Affinius Capital® is an integrated institutional real estate investment firm focused on value-creation and income generation. With a 40-year track record and $63 billion in gross assets under management, Affinius has a diversified portfolio across North America and Europe providing both equity and credit to its trusted partners and on behalf of its institutional clients globally. For more information, visits affiniuscapital.com