Cain International has successfully secured $2 billion in construction financing for the development of One Beverly Hills, a highly anticipated project spanning nearly 18 acres in the prestigious city of Beverly Hills. According to reports from the Los Angeles Business Times, this funding includes a senior loan of $500 million from JPMorgan Chase as well as other private financing commitments.
CEO and co-founder Jonathan Goldstein expressed his confidence in luxury real estate within sought-after locations with JPMorgan’s involvement, stating that it further strengthens their belief in stability and potential. The groundbreaking for this project took place last month.
Under Cain’s leadership, One Beverly Hills will feature Aman Resorts’ first West Coast hotel 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 resorts’ spirit while being situated within an urban landscape.
The article “One Beverly Hills Secures $2B Construction Loan” was originally published on Connect CRE.
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