Cain scores $4B financing for One Beverly Hills megaproject
A long-gestating Beverly Hills megaproject just locked in a hefty tranche of construction financing. One Beverly Hills, a 17.5-acre mixed-use development anchored by Aman-branded residences and a revamped Beverly Hilton, closed $4.3 billion in financing to complete construction, its developers announced in a press release on Monday. The package includes a $2.8 billion senior loan led by JPMorgan Chase and a $1.5 billion mezzanine loan from Vici Properties. The funding is among the largest deals of its kind over the past decade. Cain, in partnership with Eldridge Industries, is developing the project, set to rise at 10000 Wilshire Boulevard. Foster […]This article originally appeared on The Real Deal. Click here to read the full story.
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