CULVER CITY, Calif. — Helio Group has secured a $92 million construction loan to fund the development of Aston Residences, a luxury multifamily community planned for Culver City. The financing was arranged by JLL’s capital markets team — Jeff Sause, Chad Morgan, Jacob Michael, and Danny Ryan — who placed the floating-rate loan with Affinius Capital on behalf of the borrower.

Located at 10505 Washington Blvd., Aston Residences is set to become a prominent addition to the city’s growing residential and mixed-use corridor. The development will feature 190 apartments, including 160 one-bedroom and 30 two-bedroom units. Residences will be outfitted with high-end finishes and smart home technology, reflecting the demand for modern living options in the competitive Los Angeles rental market.

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The community will also incorporate a robust suite of amenities to attract future residents. Plans call for 5,191 square feet of ground-floor retail space, a state-of-the-art fitness center, clubhouse, and an indoor pickleball court, highlighting the growing trend of sports-oriented lifestyle amenities in new developments. Additional offerings include hot and cold plunge pools, an outdoor kitchen, and bicycle parking within a three-story parking structure.

Completion of Aston Residences is expected in the first quarter of 2028, according to project filings.

The financing marks a major step forward for Helio Group, which continues to expand its footprint in high-demand urban neighborhoods. “The ability to secure a significant loan in today’s challenging lending environment underscores both the strength of this project and the confidence lenders have in Culver City’s multifamily market,” said one of the JLL representatives involved in the transaction.

Culver City has emerged as one of Los Angeles’ most sought-after submarkets due to its proximity to entertainment studios, major employers, and new retail hubs. The city has seen an influx of investment in residential and mixed-use projects as companies like Apple, Amazon, and Warner Bros. Discovery continue to anchor the local job market.

Aston Residences aims to meet rising demand for luxury rental housing while also contributing to the neighborhood’s walkability and economic activity through its retail component.

Originally reported by Rebusiness Online.