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**Canyon Partners Provides $58M Bridge Loan for Helio Group’s Arya Apartments in Culver City**
Canyon Partners Real Estate LLC has provided a $58 million senior bridge loan to a Helio Group affiliate for the refinancing of Arya, a newly-built, 119-unit Class-A multifamily development in Culver City, California.
Completed in 2024, Arya is one of five multifamily projects developed by Helio since 2018 in the Greater Culver City submarket. The development underscores Helio’s ongoing commitment to delivering high-quality residential communities in a rapidly growing area.
“Over the past several years, we have continued to see strong demand and a growing desire from tenants to live in the surrounding area,” said Sam Mostadim, co-founder of Helio. “With Arya’s thoughtful design and high-quality amenities, we expect it to continue to be well received in the market.”
A JLL Capital Markets team represented Helio in the transaction. The team included Senior Managing Director Jeff Sause, Director Chad Morgan, Associate Jacob Michael, and Analyst Danny Ryan.
Canyon Partners Real Estate, the real estate direct investing arm of Canyon Partners, continues to actively grow its bridge debt capital platform, targeting commercial real estate assets in both primary and secondary markets across the U.S.
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