**Aston Residences Secures $92M Construction Loan in Culver City**
JLL Capital Markets has successfully arranged a $92 million construction loan for Aston Residences, a new 190-unit, Class A multifamily development in Culver City. The property is scheduled to be completed by 2028.
The loan was secured on behalf of the project’s developer, Helio Group. JLL’s financing team included Senior Managing Director Jeff Sause, Director Chad Morgan, Associate Jacob Michael, and Analyst Danny Ryan. Affinius Capital provided the floating rate loan.
“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.”
Located at 10505 Washington Blvd., Aston Residences is situated in a highly walkable area with proximity to Erewhon, Trader Joe’s, and Culver City’s thriving downtown dining and entertainment district. The development will also benefit from easy access to major employers, including Apple’s Culver Crossings and the expansive Ivy Station project, as well as transportation hubs like the Palms Expo Line and freeways I-10 and I-405.
For those interested in networking with top owners, investors, developers, brokers, and lenders in the multifamily sector, a one-day industry conference will be held on September 11 in Los Angeles. This event provides a platform for connecting with influential dealmakers shaping the future of multifamily real estate.
A rendering of the new development reflects a modern, urban living environment that aims to enhance the local community. The project is part of a growing wave of investment in West Los Angeles as it continues to attract major commercial and residential activity.
