**Canyon Provides $58M Bridge Loan for Arya Apartments in Culver City**
Canyon Partners Real Estate LLC has provided a $58 million senior bridge loan to an affiliate of Helio Group for the refinancing of Arya, a newly constructed 119-unit Class-A multifamily property located in Culver City, California. Completed in 2024, Arya is one of five multifamily developments delivered by Helio 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.
The financing was arranged by a JLL Capital Markets team, including Senior Managing Director Jeff Sause, Director Chad Morgan, Associate Jacob Michael, and Analyst Danny Ryan, who represented Helio in the transaction.
Canyon Partners Real Estate, the real estate direct investing arm of Canyon Partners, continues to expand its deployment of bridge debt capital within primary and secondary markets across the United States.
