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.
Meet the nation’s top owners, investors, developers, brokers, and lenders—key decision-makers shaping the multifamily market. Whether you’re targeting capital partners, strategic suppliers, or industry visionaries, this one-day conference on September 11 in Los Angeles is your opportunity. Network smart, exchange insights, and forge relationships that drive deals. This isn’t just a conference—it’s where the dealmakers go. www.connectapts2025.com
Synergy held the official opening of Altitude Worcester, the largest office-to-residential conversion in Massachusetts, with a ribbon cutting ceremony with Juana Matias, the Secretary of the Massachusetts Executive Office of Housing and Livable Communities , and the City of Worcester. The event also marked the completion of 22 Elm St., the adjacent affordable homeownership community Synergy...
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The Massachusetts Bay Transportation Authority (MBTA) has issued a request for qualifications from would-be redevelopers of its downtown Lynn, MA commuter parking garage. It’s the first of a two-step process, to be followed by a request for proposals. The five-story garage opened in 1992 and has been partially closed since 2022 over safety concerns, ItemLive...
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Suncrest Apartments, a 45-unit multifamily community located at 1800 Evergreen Street in Walla Walla, Washington, has sold for $4.3 million. Kidder Mathews Vice President Max Frame of the Simon | Anderson Multifamily Team in Seattle represented the seller, Art Griff, in the transaction. The buyer was Jason Zook. Situated on 1.72 acres, Suncrest Apartments consists...
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