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 […]

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