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California  + Los Angeles  + Hospitality  | 

One Beverly Hills Secures $2B Construction Loan

Cain International has secured $2 billion in construction financing to support the development of One Beverly Hills, a nearly 18-acre project in Beverly Hills, reported the Los Angeles Business Times. The financing includes a $500-million senior loan from JPMorgan Chase along with other private financing commitments.

Jonathan Goldstein, CEO and co-founder of Cain International, said JPMorgan’s involvement “further strengthens” the firm’s confidence in the “stability and potential of luxury real estate in sought-after locations.” The project broke ground last month.

Led by Cain, the project includes the first hotel by Aman Resorts on the West Coast, along with Aman-branded residences and an exclusive Aman members club. Vladislav Doronin, chairman and CEO of Aman Group, said in a statement Aman Beverly Hills will “embody the spirit of our renowned resorts but within an urban landscape.”

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Development
  • ◦Financing
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