Cain moves forward with One Beverly Hills armed with bonds from buyers
The ultrawealthy buyers calling dibs on units in Cain’s forthcoming One Beverly Hills development are being asked to lend a hand with financing before construction is finished. London-based Cain is raising money from condominium buyers through a bond program that gives purchasers a stake in funding the $10 billion project in exchange for a 5 percent return, the Wall Street Journal reported. The bonds, dubbed Founder Bonds, are optional but have become part of the deal for buyers so far. The 17.5-acre project, slated for completion in 2029, will include roughly 150 Aman-branded condos, 78 hotel suites, luxury retail, upscale […]This article originally appeared on The Real Deal. Click here to read the full story.
Categories
Recent Posts
Batek Architekten designs Berlin orthodontic clinic that looks more like a boutique or gallery
Kylie Jenner delists Holmby Hills mansion for second time
Hudson Pacific Properties cuts Xavier Becerra last minute check
A ‘Days of Our Lives’ Producer Lists His 7-Bedroom L.A. Home for $17 Million
Riboli winemaking clan wins LA sign-off for Chinatown offices
KSL Capital Partners drops estimated $600M for Ritz-Carlton in Dana Point
Building owners PAC pumps money into Bass donor pot
7 Gilded Age Homes Where You Can Live Like the Astors
Meg Ryan’s Former Montecito Estate Sells for $18 Million
Inside the Lavish Estates Where The Gilded Age Was Filmed
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
26895 Aliso Creek Rd, B-603, Aliso Viejo, California 92656, USA