Reliable Properties CEO is buyer in $36M Beverly Hills mansion deal

Jack Nourafshan, CEO of Los Angeles-based Reliable Properties, is the buyer that took home a $36 million mansion in Beverly Hills from the daughter of a former Uzbekistan president, The Real Deal has learned. 

Chelsea View, a limited liability company controlled by Nourafshan, bought the property, according to state business and property records. 

Lola Karimova-Tillyaeva, the daughter of former Uzbekistan President Islam Karimov and her husband, Timur Tillyaev, sold the two-story mansion at 900 North Crescent Drive earlier this month. The home was developed by famous spec home builder Mohamed Hadid. 

Drew Fenton at Carolwood Estates brokered the deal on behalf of the seller. Broker Lea Porter of The Beverly Hills Estates represented the buyer along with Zac Mostame of Carolwood Estates.

Nourafshan bought the property using a $26.1 million mortgage from Deutsche Bank, according to loan documents. The mortgage has an adjustable rate, meaning it fluctuates based on the U.S. Treasury Index. 

Reliable Properties mostly builds multifamily properties and was one of the largest developers in L.A. in 2020, according to TRD data. The firm also owns a number of retail properties. 

Nourafshan’s new home includes a 15,000-square-foot basement with a ballroom that can seat 250, a Turkish-style bath and a 50-seat movie theater. It also has a 60-foot-long infinity pool. 

The home was first on the market for $58 million in 2021.