Canyon Partners Real Estate LLC provided a $58-million senior bridge loan to an affiliate of Helio Group for the refinancing of Arya, a 119-unit Class-A multifamily property located in Culver City. Built in 2024, Arya represents one of five Helio-developed multifamily projects located in the Greater Culver City submarket since 2018.
“Over the past several years, we have continued to see strong demand and a growing desire from tenants to live in the surrounding area, and with Arya’s thoughtful design and high-quality amenities, we expect it to continue to be well received in the market,” said Sam Mostadim, co-founder of Helio.
A JLL Capital Markets team of senior managing director Jeff Sause, director Chad Morgan, associate Jacob Michael and analyst Danny Ryan represented Helio. The real estate direct investing arm of Canyon Partners, Canyon Partners Real Estate is actively expanding its deployment of bridge debt capital on commercial real estate assets in primary and secondary markets across the U.S.
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