Cain International has successfully secured $2 billion in construction financing for the development of One Beverly Hills, a prestigious project spanning nearly 18 acres in the highly sought-after area of Beverly Hills. The Los Angeles Business Times reported that this funding includes a senior loan of $500 million from JPMorgan Chase, as well as other private financing commitments.
According to Jonathan Goldstein, CEO and co-founder of Cain International, JPMorgan’s involvement further bolsters their confidence in the stability and potential of luxury real estate within desirable locations. Construction on the project officially began last month.
Under Cain’s leadership, One Beverly Hills will feature Aman Resorts’ first hotel on the West Coast along with Aman-branded residences and an exclusive members club. Vladislav Doronin, chairman and CEO of Aman Group stated that Aman Beverly Hills will embody their renowned resort experience within an urban setting.
The article “One Beverly Hills Secures $2B Construction Loan” was originally published by Connect CRE.
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